QUILLAYUTE VALLEY SCHOOL DISTRICT … - Form 990 Financial Data

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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

Principal Officer

WILLIAM BRAGER

Phone

3603749027

Tax Period

2023-01-01 to 2023-12-31

QUILLAYUTE VALLEY SCHOOL DISTRICT SCHOLARSHIP FUND INC is a small nonprofit that reported $228K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $354K exceeded revenue, resulting in a 55% operating deficit.

Mission

PROVIDE SCHOLARSHIPS TO FORKS HIGH SCHOOL GRADUATES IN SUPPORT OF THEIR PURSUIT OF FURTHER EDUCATION AND TRAINING.

Program Service Accomplishments

Program 1

Expenses: $352,906

ANNUAL COMMUNITY AUCTION TO GENERATE FUNDS TO DISTRIBUTE AS SCHOLARSHIPS TO FORKS HIGH SCHOOL GRADUATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $154,609

Program Service Revenue $0

Investment Income $13,270

Other Revenue $60,277

TOTAL REVENUE $228,156

Expense Breakdown

Grants Paid $352,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $352,906

Other Expenses $1,206

TOTAL EXPENSES $353,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,156	$355,225	-0.4%
Expenses	$353,706	$278,381	+0.3%
Net Income	$-125,550	$76,844	-2.6%

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
WILLIAM BRAGER	TREASURER	1.00	Officer Director	$0	$0	$0
CHERI DAHLGREN	SECRETARY	1.00	Officer Director	$0	$0	$0
PATTI HOLZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HURN	DIRECTOR	2.00	Director	$0	$0	$0
JERRY LEPPELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOELLE MILLER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WESLEY ROMBERG	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$228,156	$353,706	$368,873	$-125,550
2022	$355,225	$278,381	$357,865	$76,844
2021	$128,091	$229,265	$497,058	$-101,174
2020	$139,441	$162,568	$523,582	$-23,127

QUILLAYUTE VALLEY SCHOOL DISTRICT SCHOLARSHIP FUND INC