SKAGIT COUNCIL ON AGING (EIN 910890910) - 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

1977

Legal Domicile

Phone

3604161511

Tax Period

2024-01-01 to 2024-12-31

SKAGIT COUNCIL ON AGING, founded in 1977, is a small nonprofit in the Human Services sector that reported $439K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 45% operating margin.

Mission

SKAGIT COUNCIL ON AGING IS A PRIVATENON-PROFITCORPORATION DEDICATED TO ADDRESSING BASIC NEEDS ANDISSUES OF THE SENIOR COMMUNITY.SERVE OVER 750 SENIORS EACH YEAR

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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 $428,917

Program Service Revenue $0

Investment Income $9,098

Other Revenue $1,004

TOTAL REVENUE $439,019

Expense Breakdown

Grants Paid $195,388

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $238,933

Other Expenses $47,705

TOTAL EXPENSES $243,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$439,019	$262,648	+0.7%
Expenses	$243,093	$188,253	+0.3%
Net Income	$195,926	$74,395	+1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERMA BAUDE	DIRECTOR	0.50	Director	$0	$0	$0
MADELINE HANDZLIK	DIRECTOR	0.50	Director	$0	$0	$0
MARY LOUISE SCHNEIDER	SECRETARY TREASURER	0.50	Officer	$0	$0	$0
SHARON ALBAN	VICE PRESIDENT	0.50	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	$439,019	$243,093	$513,540	$195,926
2023	$262,648	$188,253	$317,614	$74,395
2022	$170,196	$285,723	$243,219	$-115,527
2021	$273,482	$92,880	$358,746	$180,602
2020	$214,241	$170,344	$178,144	$43,897
2019	$141,983	$175,430	$134,247	$-33,447
2018	$177,219	$282,862	$167,694	$-105,643
2018	$177,219	$282,862	$167,694	$-105,643

SKAGIT COUNCIL ON AGING