Skagit Tourism Bureau

EIN: 874522551 Human Services

Mount Vernon, WA

Total Revenue
$976,806
Total Expenses
$885,641
Total Assets
$401,781
Net Assets
$388,277
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
WA
Principal Officer
KRISTEN KELTZ
Phone
3606107482
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $733,226

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...

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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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $972,464
Investment Income $4,342
Other Revenue $0
TOTAL REVENUE $976,806

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,928
Fundraising Expenses $0
Program Expenses $733,226
Other Expenses $726,713
TOTAL EXPENSES $885,641

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
3
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
5
$96,400
Total Directors
16
$96,400
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
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