FAMILY PROMISE OF SKAGIT VALLEY (EIN 462556043) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

DEBBIE RIEGEL

Phone

3604283550

Tax Period

2023-01-01 to 2023-12-31

FAMILY PROMISE OF SKAGIT VALLEY, founded in 2014, is a small nonprofit in the Human Services sector that reported $693K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

PROVIDE CARE AND SHELTER FOR HOMELESS FAMILIES IN SKAGIT VALLEY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $633,204

Program Service Revenue $58,576

Investment Income $1,098

Other Revenue $0

TOTAL REVENUE $692,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,855

Fundraising Expenses $41,798

Program Expenses $519,874

Other Expenses $331,553

TOTAL EXPENSES $710,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$692,878	$585,463	+0.2%
Expenses	$710,408	$667,828	+0.1%
Net Income	$-17,530	$-82,365	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

250

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$85,691

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIN VANCE	PRESIDENT	0.25	Officer Director	$0	$0	$0
REBECCA BUNKE	VP	1.00	Officer Director	$0	$0	$0
BOB SEPHENS	TREASURER	1.30	Officer Director	$0	$0	$0
ANGELIA JORDAN	SECRETARY	0.25	Officer Director	$0	$0	$0
LYNN BOEDING	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLE LATULIPPE	DIRECTOR	0.50	Director	$0	$0	$0
DON MOE	DIRECTOR	0.25	Director	$0	$0	$0
KIM BAFUS-WELLING	DIRECTOR	0.10	Director	$0	$0	$0
AUDREA WOLL	EXC DIRECTOR	40.00	Key Emp	$85,691	$0	$85,691

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$692,878	$710,408	$313,811	$-17,530
2022	$585,463	$667,828	$333,449	$-82,365
2021	$515,700	$506,117	$413,279	$9,583
2020	$586,531	$406,214	$402,275	$180,317
2019	$275,182	$233,155	$220,611	$42,027
2018	$251,796	$222,181	$176,614	$29,615

FAMILY PROMISE OF SKAGIT VALLEY