SKAGIT VALLEY EARLY LEARNING CENTER

EIN: 843846800 501(c)(3) Education

MOUNT VERNON, WA

Total Revenue
$744,231
Total Expenses
$569,138
Total Assets
$642,327
Net Assets
$633,996
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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
WA
Principal Officer
SYLVIA ALVAREZ
Tax Period
2023-01-01 to 2023-12-31

SKAGIT VALLEY EARLY LEARNING CENTER, founded in 2019, is a small nonprofit in the Education sector that reported $744K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $175K, a strong 24% operating margin.

Mission

PROVIDE EARLY CHILDHOOD EDUCATION TO LOCAL CHILDREN

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $744,231
Investment Income $0
Other Revenue $0
TOTAL REVENUE $744,231

Expense Breakdown

Grants Paid $76,296
Salaries & Benefits $251,347
Fundraising Expenses $0
Program Expenses $569,138
Other Expenses $241,495
TOTAL EXPENSES $569,138

Year-over-Year Comparison

2023 2022 Change
Revenue $744,231 $649,445 +0.1%
Expenses $569,138 $567,553 +0.0%
Net Income $175,093 $81,892 +1.1%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY ALVAREZ VICE PRESIDENT 40.00
Officer
$0 $0 $0
SYLVIA ALVAREZ PRESIDENT 40.00
Officer
$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
2024 No data No data No data No data
2023 $740,862 $660,084 $465,377 $80,778
2023 $744,231 $569,138 $642,327 $175,093
2022 $735,572 $697,546 $382,417 $38,026
2022 $649,445 $567,553 $641,428 $81,892
2021 $777,130 $373,372 $554,666 $403,758
2019 No data $1,050 No data No data
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