SKAGIT LAND TRUST

EIN: 911533402 501(c)(3) Environment

MOUNT VERNON, WA

Total Revenue
$3,010,748
Total Expenses
$1,976,139
Total Assets
$32,587,036
Net Assets
$32,070,892
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
WA
Principal Officer
KATHY THORNBURGH
Phone
3604287878
Tax Period
2024-04-01 to 2025-03-31

SKAGIT LAND TRUST, founded in 1992, is a community nonprofit in the Environment sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $1.0M, a strong 34% operating margin.

Mission

SKAGIT LAND TRUST PROTECTS LAND TO PASS ON HEALTHY ECOSYSTEMS. WE ALSO PROTECT PLACES THAT ENHANCE ALL PEOPLE'S QUALITY OF LIFE. WE WORK WITH COMMUNITY MEMBERS TO STEWARD PROTECTED LANDS. CONSERVATION AND STEWARDSHIP OF LAND ARE FOUNDATIONAL PROGRAMS. OTHER AREAS OF FOCUS INCLUDE: EDUCATION AND OUTREACH INCLUDING A YOUTH PROGRAM AND A CITIZEN SCIENCE PROGRAM, PUBLIC POLICY AND JUSTICE, EQUITY, DIVERSITY AND INCLUSION IN CONSERVATION. PARTNERSHIP IS A KEY VALUE IN ALL WE DO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,507,933
Program Service Revenue $41,482
Investment Income $392,695
Other Revenue $68,638
TOTAL REVENUE $3,010,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $892,811
Fundraising Expenses $84,023
Program Expenses $1,737,055
Other Expenses $1,083,328
TOTAL EXPENSES $1,976,139

Year-over-Year Comparison

2024 2023 Change
Revenue $3,010,748 $3,579,940 -0.2%
Expenses $1,976,139 $1,347,161 +0.5%
Net Income $1,034,609 $2,232,779 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
10
Volunteers
474

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
5
$133,800
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY THORNBURGH PRESIDENT 5.00
Officer Director
$0 $0 $0
KIRK JOHNSON VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
BARBARA TRASK TREASURER 5.00
Officer Director
$0 $0 $0
TIM MANNS SECRETARY 4.00
Officer Director
$0 $0 $0
ROGER FULLER BOARD MEMBER 3.00
Director
$0 $0 $0
JIM GLACKIN BOARD MEMBER 3.00
Director
$0 $0 $0
KAREN KRUB BOARD MEMBER 3.00
Director
$0 $0 $0
HAL LEE BOARD MEMBER 8.00
Director
$0 $0 $0
MARK HITCHCOCK BOARD MEMBER 4.00
Director
$0 $0 $0
MARK LINNEMANN BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD FURLONG BOARD MEMBER 3.00
Director
$0 $0 $0
THERESE OGLE BOARD MEMBER 3.00
Director
$0 $0 $0
WARREN WALZ BOARD MEMBER 3.00
Director
$0 $0 $0
LYNNE WENBERG-DAVIDSON BOARD MEMBER 3.00
Director
$0 $0 $0
KEITH WIGGERS BOARD MEMBER 3.00
Director
$0 $0 $0
ANNE WINKES BOARD MEMBER 6.00
Director
$0 $0 $0
STEVE JOHNSON BOARD MEMBER 3.00
Director
$0 $0 $0
MOLLY DORAN EXECUTIVE DIRECTOR 40.00
Officer
$133,800 $0 $133,800
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 $3,010,748 $1,976,139 $32,587,036 $1,034,609
2024 $3,579,940 $1,347,161 $31,376,411 $2,232,779
2023 $4,359,997 $1,705,970 $29,583,431 $2,654,027
2022 $4,614,350 $1,330,065 $26,232,417 $3,284,285
2021 $3,052,314 $1,059,236 $23,572,295 $1,993,078
2020 $3,538,733 $1,178,287 $19,514,351 $2,360,446
2019 $3,026,168 $935,608 $18,414,613 $2,090,560
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