SKAGIT VALLEY HERALD CHRISTMAS FUND

EIN: 911304740 501(c)(3) Human Services

MOUNT VERNON, WA

Total Revenue
$201,223
Total Expenses
$131,061
Total Assets
$224,229
Net Assets
$224,229
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
WA
Phone
7074819488
Tax Period
2021-04-01 to 2022-03-31

SKAGIT VALLEY HERALD CHRISTMAS FUND, founded in 1949, is a small nonprofit in the Human Services sector that reported $201K in total revenue in fiscal year 2021. The organization ran a surplus of $70K, a strong 35% operating margin.

Mission

TO PROVIDE ASSISTANCE TO SKAGIT COUNTY FAMILIES IN NEED WITH TOYS STUFFED ANIMALS, BOOKS, KNITTED HATS AND HOLIDAY MEALS. PROVIDES EMERGENCY SERVICE TO AT RISK YOUTH AND FOSTER CHILDREN

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $201,088
Program Service Revenue $0
Investment Income $135
Other Revenue $0
TOTAL REVENUE $201,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,207
Fundraising Expenses $0
Program Expenses $107,049
Other Expenses $125,854
TOTAL EXPENSES $131,061

Year-over-Year Comparison

2021 2020 Change
Revenue $201,223 N/A N/A
Expenses $131,061 N/A N/A
Net Income $70,162 N/A N/A
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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Governance

Voting Members
2
Independent Members
2
Employees
2
Volunteers
136

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER HERNANDEZ PRESIDENT 2.00
Officer
$0 $0 $0
WENDY DOUGHERTY SECRETARY/ TREASURER 2.00
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
2022 $201,223 $131,061 $224,229 $70,162
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