Skagit Council Housing (EIN 911102645) - 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

1980

Legal Domicile

Principal Officer

Jim VanderMey

Phone

3603368999

Tax Period

2024-07-01 to 2025-06-30

Skagit Council Housing, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $667K, a strong 47% operating margin.

Mission

Provide affordable housing to seniors in the Mount Vernon area

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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 $1,081,554

Program Service Revenue $349,493

Investment Income $1,050

Other Revenue $0

TOTAL REVENUE $1,432,097

Expense Breakdown

Grants Paid $83,778

Salaries & Benefits $89,212

Fundraising Expenses $0

Program Expenses $586,538

Other Expenses $592,016

TOTAL EXPENSES $765,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,432,097	$1,383,607	+0.0%
Expenses	$765,006	$818,067	-0.1%
Net Income	$667,091	$565,540	+0.2%

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
Jim VanderMey	President	10.00	Officer Director	$0	$0	$0
Tom Theisen	Vice President	5.00	Officer Director	$0	$0	$0
Terry Schaberg	Secretary	5.00	Officer Director	$0	$0	$0
Jim Koetje	Treasurer	8.00	Officer Director	$0	$0	$0
Michele Metcalf	Director	4.00	Director	$0	$0	$0
April Axthelm	Director	4.00	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
2025	$1,432,097	$765,006	$1,476,052	$667,091
2024	$1,383,607	$818,067	$1,428,460	$565,540
2023	$1,337,932	$721,098	$1,422,523	$616,834
2022	$1,304,839	$793,315	$1,329,590	$511,524
2021	$805,311	$642,300	$1,148,164	$163,011
2020	$877,278	$742,648	$3,627,002	$134,630
2019	$869,230	$819,564	$3,648,179	$49,666

Skagit Council Housing