THE SKAGIT COMMUNITY FOUNDATION

EIN: 911572414 501(c)(3) Philanthropy & Grantmaking

MOUNT VERNON, WA

Total Revenue
$5,607,402
Total Expenses
$2,447,835
Total Assets
$12,910,062
Net Assets
$12,420,697
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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
1993
Legal Domicile
WA
Principal Officer
MADDY MACKENZIE
Phone
3604193181
Tax Period
2023-01-01 to 2023-12-31

THE SKAGIT COMMUNITY FOUNDATION, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 526% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 56% operating margin.

Mission

THE SKAGIT COMMUNITY FOUNDATION'S MISSION IS TO CONNECT PEOPLE WHO CARE WITH CAUSES THAT MATTER. WE DO THIS BY PROVIDING CUSTOMIZED GIVING OPTIONS AND SERVICES FOR DONORS; BUILDING AND MANAGING FUNDS AND PERMAMENT ENDOWMENTS FOR THE COMMUNITY; SUPPORTING THE NONPROFIT SECTOR THROUGH GRANTS AND TRAININGS; AS WELL AS CIVIC ENGAGEMENT AND LEADERSHIP. BY WORKING TOGETHER WITH GENEROUS DONORS, NONPROFIT PARTNERS, AND COMMUNITY LEADERS, WE ARE COMMITTED TO ENHANCING THE QUALITY OF LIFE AND CREATING A BRIGHTER FUTURE FOR EVERYONE IN SKAGIT COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,376,637
Program Service Revenue $5,996
Investment Income $224,697
Other Revenue $72
TOTAL REVENUE $5,607,402

Expense Breakdown

Grants Paid $2,115,949
Salaries & Benefits $192,349
Fundraising Expenses $28,246
Program Expenses $2,278,135
Other Expenses $139,537
TOTAL EXPENSES $2,447,835

Year-over-Year Comparison

2023 2022 Change
Revenue $5,607,402 $896,437 +5.3%
Expenses $2,447,835 $1,346,092 +0.8%
Net Income $3,159,567 $-449,655 -8.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
30

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
$110,117
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MADDY MACKENZIE EXECUTIVE DIRECTOR 45.00
Officer
$106,617 $3,500 $110,117
DAN FISHER CHAIRMAN 2.50
Officer Director
$0 $0 $0
JOSH BALDWIN VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
SHELLIE EUBANKS-HIGHET TREASURER 2.00
Officer Director
$0 $0 $0
TIMOTHY LEHR SECRETARY 2.00
Officer Director
$0 $0 $0
PAULA DEY BOARD MEMBER 1.00
Director
$0 $0 $0
JORGE ESTEFAN BOARD MEMBER 1.00
Director
$0 $0 $0
KIM HILDAHL BOARD MEMBER 1.00
Director
$0 $0 $0
MARY HUDSON BOARD MEMBER 1.00
Director
$0 $0 $0
TRAVIS HUISMANN BOARD MEMBER 1.00
Director
$0 $0 $0
ROLAND KING BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES SANDERS BOARD MEMBER 1.00
Director
$0 $0 $0
KEATON WERSEN BOARD MEMBER 2.00
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 No data No data No data No data
2023 $5,607,402 $2,447,835 $12,910,062 $3,159,567
2022 $896,437 $1,346,092 $8,666,440 $-449,655
2021 $3,505,191 $1,355,917 $10,462,399 $2,149,274
2020 $846,795 $1,132,389 $7,963,859 $-285,594
2019 $667,565 $782,828 $7,602,683 $-115,263
2018 $1,241,725 $493,874 $6,755,729 $747,851
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