Skagit Valley College Foundation (EIN 911012915) - 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

1978

Legal Domicile

Principal Officer

Kathleen Petrzelka

Phone

3604163229

Tax Period

2024-07-01 to 2025-06-30

Skagit Valley College Foundation, founded in 1978, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $880K, a strong 20% operating margin.

Mission

Secure donations to enhance education at Skagit Valley College through scholarships, grants, and institutional support.

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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 $2,259,429

Program Service Revenue $1,017,641

Investment Income $1,223,524

Other Revenue $-133,880

TOTAL REVENUE $4,366,714

Expense Breakdown

Grants Paid $1,845,679

Salaries & Benefits $66,513

Fundraising Expenses $108,821

Program Expenses $2,983,675

Other Expenses $1,574,475

TOTAL EXPENSES $3,486,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,366,714	$5,201,128	-0.2%
Expenses	$3,486,667	$3,172,569	+0.1%
Net Income	$880,047	$2,028,559	-0.6%

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

156

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

$133,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vhari Rust-Clark	President	2.00	Officer Director	$0	$0	$0
John Sternlicht	Vice-President	2.00	Officer Director	$0	$0	$0
Brian Gentry	Treasurer	1.00	Officer Director	$0	$0	$0
Danielle Martin	Secretary	1.00	Officer Director	$0	$0	$0
Janie Beasley	Director	1.00	Director	$0	$0	$0
Todd Krantz	Director	1.00	Director	$0	$0	$0
Isaac Williams	Director	1.00	Director	$0	$0	$0
Margaret Rojas	Director	1.00	Director	$0	$0	$0
Charlie Wend	Director	1.00	Director	$0	$0	$0
Dave Ryberg	Director	1.00	Director	$0	$0	$0
Kathy Doll	Director	1.00	Director	$0	$0	$0
Nancy Rytand-Carey	Director	1.00	Director	$0	$0	$0
Tim Rawlins	Director	1.00	Director	$0	$0	$0
Amy Hong	Director	1.00	Director	$0	$0	$0
Kathleen Petrzelka	Executive Director	40.00	Officer	$109,075	$24,540	$133,615

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
2025	$4,366,714	$3,486,667	$30,860,302	$880,047
2024	$5,201,128	$3,172,569	$28,822,945	$2,028,559
2023	$5,969,491	$2,374,698	$25,435,050	$3,594,793
2022	$4,966,852	$2,304,803	$21,510,181	$2,662,049
2021	$3,336,933	$2,325,138	$22,764,400	$1,011,795
2020	$3,494,212	$1,855,924	$19,270,496	$1,638,288

Skagit Valley College Foundation