ANACORTES SCHOOLS FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

BRIAN ADAMS

Phone

3604882343

Tax Period

2024-01-01 to 2024-12-31

ANACORTES SCHOOLS FOUNDATION, founded in 1984, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $200K, a strong 16% operating margin.

Mission

EMPOWER AND INSPIRE ALL ANACORTES STUDENTS THROUGH SCHOLARSHIPS AND ENRICHED LEARNING OPPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $447,070

MERIT SCHOLARSHIPS GRANTED TO ANACORTES STUDENTS IN PURSUIT OF POST HIGH SCHOOL EDUCATION. PRESCHOOL SCHOLARSHIPS GRANTED TO ANACORTES PRESCHOOLERS IN PURSUIT OF A CHILD'S OWN NATURAL DESIRE TO LEARN.

Program 2

Expenses: $559,238

FINANCIAL SUPPORT GIVEN TO THE ANACORTES SCHOOL DISTRICT ENRICHED LEARNING OPPORTUNITIES. CURRENT PROGRAMS INCLUDE EARLY LEARNING, DISTRICT-WIDE STEM ENRICHMENT, SOCIAL EMOTIONAL AND MENTAL HEALTH...

FINANCIAL SUPPORT GIVEN TO THE ANACORTES SCHOOL DISTRICT ENRICHED LEARNING OPPORTUNITIES. CURRENT PROGRAMS INCLUDE EARLY LEARNING, DISTRICT-WIDE STEM ENRICHMENT, SOCIAL EMOTIONAL AND MENTAL HEALTH, SUMMER LEARNING, TEACHER GRANTS,THE VISUAL AND PERFORMING ARTS AS WELL AS SCHOOL SUPPLIES AND BACKPACKS FOR NEEDY FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $895,966

Program Service Revenue $0

Investment Income $377,171

Other Revenue $-22,113

TOTAL REVENUE $1,251,024

Expense Breakdown

Grants Paid $932,620

Salaries & Benefits $48,755

Fundraising Expenses $24,401

Program Expenses $1,006,308

Other Expenses $69,478

TOTAL EXPENSES $1,050,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,251,024	$1,079,973	+0.2%
Expenses	$1,050,853	$947,544	+0.1%
Net Income	$200,171	$132,429	+0.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

220

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
BRIAN ADAMS	PRESIDENT	2.00	Officer Director	$0	$0	$0
RACHEL ESPOSITO	VICE PRESIDE	6.00	Officer Director	$0	$0	$0
KIM DAVIS	SECRETARY	2.00	Officer Director	$0	$0	$0
RENE VANCE	TREASURER	12.00	Officer Director	$0	$0	$0
PAULA BRAR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
TOM KUHN	DIRECTOR	1.00	Director	$0	$0	$0
SARA GILL	DIRECTOR	4.00	Director	$0	$0	$0
GARY MILLER	DIRECTOR	2.00	Director	$0	$0	$0
MEG MOURNING	DIRECTOR	1.00	Director	$0	$0	$0
SARAH NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
KIM POST	DIRECTOR	1.00	Director	$0	$0	$0
ART SHOTWELL	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE WORRA	DIRECTOR	3.00	Director	$0	$0	$0
JUSTIN IRISH	EX-OFFICIO	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	$1,251,024	$1,050,853	$5,626,543	$200,171
2023	$1,079,973	$947,544	$5,252,468	$132,429
2022	$854,103	$882,827	$4,695,858	$-28,724
2021	$1,347,549	$658,023	$5,439,664	$689,526
2020	$1,001,385	$521,201	$4,340,420	$480,184
2019	$1,122,896	$545,072	$3,713,445	$577,824