Friends of Skagit County

EIN: 911576105 501(c)(3) Environment

Mount Vernon, WA

Total Revenue
$2,944
Total Expenses
$37,056
Total Assets
$76,544
Net Assets
$76,544
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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
Randy Good
Tax Period
2018-01-01 to 2018-12-31

Friends of Skagit County, founded in 1993, is a micro nonprofit in the Environment sector that reported $3K in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. Expenses of $37K exceeded revenue, resulting in a 1159% operating deficit.

Mission

Preserving Skagit Countys rural characteristics by protecting the natural environment; suporting sustainable resource base economic and promoting livable urban community for present and future generations.

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,837
Program Service Revenue $0
Investment Income $107
Other Revenue $0
TOTAL REVENUE $2,944

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,781
Fundraising Expenses $0
Program Expenses $37,056
Other Expenses $9,275
TOTAL EXPENSES $37,056

Year-over-Year Comparison

2018 2017 Change
Revenue $2,944 $3,424 -0.1%
Expenses $37,056 $41,876 -0.1%
Net Income $-34,112 $-38,452 -0.1%
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
5
Independent Members
5
Employees
1
Volunteers
N/A

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
4
$0
Total Directors
5
$25,500
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Randy Good President 0.00
Officer Director
$0 $0 $0
Lori Scott Secretary 0.00
Officer Director
$0 $0 $0
Aileen Good Treasurer 0.00
Officer Director
$0 $0 $0
Ed Stauffer Board Member 0.00
Officer Director
$0 $0 $0
Ellen Bynum Ex Officio Executive Director 0.00
Director Highest
$25,500 $0 $25,500
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
2018 $2,944 $37,056 $76,544 $-34,112
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