Anacortes Skate Park Improvement Project (EIN 834187517) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Rachel Muntean

Phone

3605884868

Tax Period

2025-01-01 to 2025-12-31

Anacortes Skate Park Improvement Project, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $31K in total revenue in fiscal year 2025. Revenue surged 205% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 29% operating margin.

Mission

The Project is organized for the purpose of lessening the burden on the Anacortes City government through the support of the Parks and Recreation Department, reducing delinquency and building community through building, maintaining, and improving Anacortes Skate Park(s) and supporting events, workshops, and classes at the Park(s).

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Trantor Score

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

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $28,288

Program Service Revenue $0

Investment Income $2,251

Other Revenue $0

TOTAL REVENUE $30,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,163

Other Expenses $21,681

TOTAL EXPENSES $21,681

Year-over-Year Comparison

	2025	2024	Change
Revenue	$30,539	$10,011	+2.1%
Expenses	$21,681	$7,906	+1.7%
Net Income	$8,858	$2,105	+3.2%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachel Muntean	President	2.50	Officer Director	$0	$0	$0
Amanda Leets	Secretary	0.25	Director	$0	$0	$0
Jason Fields	Vice President	0.50	Officer Director	$0	$0	$0
John Glassett	Director	0.25	Director	$0	$0	$0
Mason Ulrich	Director	0.25	Director	$0	$0	$0

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
2025	$30,539	$21,681	$57,294	$8,858
2023	$637,682	$1,170,865	$1,189,020	$-533,183
2022	$13,094	$2,922	$571,396	$10,172
2021	$536,392	$419	$561,224	$535,973

Anacortes Skate Park Improvement Project