Mount Vernon, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Skagit Tourism Bureau, founded in 2021, is a small nonprofit in the Human Services sector that reported $977K in total revenue in fiscal year 2024. Revenue surged 122% from the prior year, signaling strong growth momentum. Expenses of $886K left a modest 9% surplus.
The Skagit Tourism Bureau tells Skagit County, Washingtons story with authenticity and reverence, helping to maintain the pride and integrity of its communities and encourage visitors to experience their charm and wonder.
The Skagit Tourism Bureau continued to focus on laying a strong foundation for promoting Skagit Valley as a travel destination. Our efforts centered on branding, organizational development, and...
The Skagit Tourism Bureau continued to focus on laying a strong foundation for promoting Skagit Valley as a travel destination. Our efforts centered on branding, organizational development, and targeted advertising to raise awareness and attract visitors to our region.Branding and Organizational DevelopmentThis year finalized our brand identity development and began implementing our new logo and tagline into all aspects of the organization including our advertising, social media, website and more. We also revised our Mission/Vision and Values and completed the process of becoming a 501-C6 organization with the IRS.Advertising and OutreachOur initial advertising campaigns were designed to introduce Skagit Valley to broader audiences. Through digital ads, social media, and select print placements reaching potential visitors and generating increased interest in our region. Our advertising efforts were quite successful, and they set the stage for more robust campaigns in 2025.Community EngagementUnderstanding the importance of community support, we actively engaged with local residents and businesses to ensure that our initiatives align with the needs and values of Skagit Valley. We hosted several community meetings and collaborated with local organizations to create a shared vision for sustainable tourism growth.ConclusionIn 2024, the Skagit Tourism Bureau made significant strides in finalizing our brand identity and laying the groundwork for future growth. We are excited with progress we've made in branding, organizational development, and advertising which has positioned us for continued success in promoting Skagit Valley as avibrant travel destination.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $976,806 | $440,307 | +1.2% |
| Expenses | $885,641 | $466,637 | +0.9% |
| Net Income | $91,165 | $-26,330 | -4.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KRISTEN KELTZ | CEO | 40.00 |
Officer
Director
|
$96,400 | $0 | $96,400 |
| Elizabeth Tyler | Director | 2.00 |
|
$34,680 | $0 | $34,680 |
| MONIQUE BRIGHAM | VICE CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| LENNERT BENTSEN | Treasurer | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN STERNLICHT | Chairman | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW MAYER | Secretary | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Christi Kinney | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Jeremy Akers | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Jesica Kiser | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Katie Hayton | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Blake Van Roekel | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Terry Gifford | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Nicole Roozen | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Ali Bertelsen | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Matt Rosenthal | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Kevin Meenaghan | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Luke Everest Baugh | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $976,806 | $885,641 | $401,781 | $91,165 |
| 2023 | $440,307 | $466,637 | $310,966 | $-26,330 |
| 2022 | $399,211 | $266,715 | $339,621 | $132,496 |
| 2021 | $300,000 | $109,054 | $190,946 | $190,946 |
Compare Skagit Tourism Bureau with other nonprofits in Washington and across the country.