HABITAT FOR HUMANITY OF SNOHOMISH … - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

STEVEN LI

Phone

4252586289

Tax Period

2024-07-01 to 2025-06-30

HABITAT FOR HUMANITY OF SNOHOMISH COUNTY, founded in 1991, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 6% surplus.

Mission

HABITAT FOR HUMANITY SNOHOMISH COUNTY STRIVES TO ELIMINATE SUBSTANDARD HOUSING AND END THE CYCLE OF POVERTY BY PARTNERING WITH HOMEOWNERS TO BUILD, REPAIR, AND PRESERVE DECENT AND AFFORDABLE HOMES IN OUR NEIGHBORHOODS. WITH SUPPORT FROM THE COMMUNITY, WE HELP HARD-WORKING HOUSEHOLDS ACHIEVE THE STRENGTH, STABILITY, AND INDEPENDENCE THEY NEED TO BUILD A BETTER LIFE FOR THEMSELVES AND THEIR FAMILIES. THROUGH SHELTER, WE EMPOWER.

Program Service Accomplishments

Program 1

Expenses: $805,243

TWO HABITAT STORES LOCATED IN LYNNWOOD AND EVERETT ACCEPT AND RECEIVE NEW AND GENTLY USED HOME IMPROVEMENT ITEMS AND MATERIALS FROM INDIVIDUAL AND COMMERCIAL DONORS TO BE SOLD TO THE PUBLIC, WITH...

TWO HABITAT STORES LOCATED IN LYNNWOOD AND EVERETT ACCEPT AND RECEIVE NEW AND GENTLY USED HOME IMPROVEMENT ITEMS AND MATERIALS FROM INDIVIDUAL AND COMMERCIAL DONORS TO BE SOLD TO THE PUBLIC, WITH PROCEEDS SUPPORTING THE PROGRAMS AND OPERATIONS OF HABITAT. MORE THAN 38,000 CUSTOMERS SHOPPED AT OUR HABITAT STORES GENERATING OVER $1,100,000 IN STORE SALES AND DIVERTING MORE THAN 1.85 MILLION POUNDS OF WASTE FROM LANDFILLS.

Program 2

Expenses: $299,619 Revenue: $93,148

HABITAT FOR HUMANITY OF SNOHOMISH COUNTY BUILDS, REPAIRS, AND PRESERVES AFFORDABLE HOMES IN OUR COMMUNITIES. THROUGH OUR HOMEOWNERSHIP PROGRAM, QUALIFIED HOMEBUYERS PARTNER WITH HABITAT AND THE...

HABITAT FOR HUMANITY OF SNOHOMISH COUNTY BUILDS, REPAIRS, AND PRESERVES AFFORDABLE HOMES IN OUR COMMUNITIES. THROUGH OUR HOMEOWNERSHIP PROGRAM, QUALIFIED HOMEBUYERS PARTNER WITH HABITAT AND THE COMMUNITY TO HELP BUILD THEIR OWN HOUSES BY PUTTING IN SWEAT, EQUITY, AND PURCHASING THEIR HOMES WITH AN AFFORDABLE MORTGAGE. TWENTY-FOUR AFFORDABLE HOMES HAVE BEEN BUILT AND SOLD THROUGH OUR HOMEOWNERSHIP PROGRAM SINCE 2006. OUR HOME REPAIR SERVICE ASSISTS QUALIFIED LOW-INCOME HOMEOWNERS IN SAFELY REMAINING IN THEIR AFFORDABLE HOMES BY MAKING NEEDED CRITICAL HOME REPAIRS, PRESERVING EXTERIORS, AND/OR INSTALLING A LIMITED RANGE OF AGING-IN-PLACE AND ACCESSIBILITY IMPROVEMENTS. THE HOME REPAIR SERVICE HAS COMPLETED 48 PROJECTS AND SERVED 78 INDIVIDUALS SINCE THE PROGRAM WAS LAUNCHED IN 2020.

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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 $1,747,427

Program Service Revenue $93,148

Investment Income $-72,667

Other Revenue $674

TOTAL REVENUE $1,768,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $889,811

Fundraising Expenses $137,955

Program Expenses $1,104,862

Other Expenses $775,646

TOTAL EXPENSES $1,665,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,768,582	$1,648,320	+0.1%
Expenses	$1,665,457	$2,055,250	-0.2%
Net Income	$103,125	$-406,930	-1.3%

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

Volunteers

316

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

$108,682

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY PREUGSCHAT	PRESIDENT	4.00	Officer Director	$0	$0	$0
ANTHONY PORTER	TREASURER	3.00	Officer Director	$0	$0	$0
ANN WILLIAMSON	SECRETARY	3.00	Officer Director	$0	$0	$0
JAYME FEIJOO	DIRECTOR	3.00	Director	$0	$0	$0
CLAY SCOTT	DIRECTOR	3.00	Director	$0	$0	$0
DAVID KURTZ	DIRECTOR	2.00	Director	$0	$0	$0
MORGAN WHEATON	DIRECTOR	2.00	Director	$0	$0	$0
BLAKE YONAGO	DIRECTOR	2.00	Director	$0	$0	$0
BK CHOI	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN LI	EXECUTIVE DIRECTOR	40.00	Officer	$96,404	$12,278	$108,682

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	$1,768,582	$1,665,457	$3,045,673	$103,125
2024	$1,648,320	$2,055,250	$3,469,800	$-406,930
2023	$1,855,715	$2,016,221	$4,296,176	$-160,506
2022	$1,926,062	$1,946,956	$3,113,519	$-20,894
2021	$1,749,874	$2,020,472	$3,495,456	$-270,598
2020	$2,035,451	$1,662,977	$3,715,960	$372,474
2019	$1,608,028	$1,555,529	$3,272,213	$52,499
2018	$1,118,771	$1,452,746	$3,151,788	$-333,975

HABITAT FOR HUMANITY OF SNOHOMISH COUNTY