Skagit Habitat for Humanity (EIN 911628529) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

Allen Workman

Phone

3604289402

Tax Period

2024-07-01 to 2025-06-30

Skagit Habitat for Humanity, founded in 1994, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $3.5M represent 24 months of operating reserves.

Mission

Putting God's love into action, we bring people together to build homes, communities, and hope.

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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 $1,760,996

Program Service Revenue $112,189

Investment Income $-215,916

Other Revenue $58,816

TOTAL REVENUE $1,716,085

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $1,068,702

Fundraising Expenses $225,293

Program Expenses $1,329,796

Other Expenses $765,070

TOTAL EXPENSES $1,841,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,716,085	$1,902,476	-0.1%
Expenses	$1,841,772	$1,570,363	+0.2%
Net Income	$-125,687	$332,113	-1.4%

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

149

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

$148,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allen Workman	President	1.00	Officer Director	$0	$0	$0
Tom Rose	Vice President	1.00	Officer Director	$0	$0	$0
Kari Kennedy	Treasurer	1.00	Officer Director	$0	$0	$0
Michelle Dever	Secretary	1.00	Officer Director	$0	$0	$0
Wendy Johnson	Director	1.00	Director	$0	$0	$0
Rebecca Bradley-Lowell	Director	1.00	Director	$0	$0	$0
Alan Macias	Director	1.00	Director	$0	$0	$0
Mariah Haney	Director	1.00	Director	$0	$0	$0
Josh Kelley	Director	1.00	Director	$0	$0	$0
Chris Swenson	Director	1.00	Director	$0	$0	$0
Tina Tate	Chief Executive Officer	40.00	Officer	$135,419	$13,456	$148,875

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	$1,716,085	$1,841,772	$8,032,687	$-125,687
2024	$1,902,476	$1,570,363	$6,083,559	$332,113
2023	$1,236,978	$1,298,342	$3,507,254	$-61,364
2022	$1,431,436	$1,624,680	$3,341,101	$-193,244
2021	$1,430,569	$755,293	$3,656,872	$675,276
2020	$765,303	$717,606	$2,855,838	$47,697
2019	$1,132,347	$728,215	$2,698,646	$404,132
2018	$908,737	$655,424	$2,275,026	$253,313

Skagit Habitat for Humanity