Skagit Tourism Bureau (EIN 874522551) - 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

2021

Legal Domicile

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.

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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 (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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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

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

$96,400

Total Directors

$96,400

Key Employees

Highest Compensated

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

Skagit Tourism Bureau