SKAGIT VALLEY TULIP FESTIVAL C/O NICOLE ROOZEN (EIN 911662982) - 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

TERRY GIFFORD

Phone

3604285959

Tax Period

2023-10-01 to 2024-09-30

SKAGIT VALLEY TULIP FESTIVAL C/O NICOLE ROOZEN, founded in 1994, is a small nonprofit that reported $268K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $320K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MISSION OF THE SKAGIT VALLEY TULIP FESTIVAL IS TO COORDINATE AND PROMOTE A COUNTYWIDE SPRING CELEBRATION OF THE TULIP BLOOM, IN COMMEMORATION OF THE VALLEY'S ANNUAL TULIP HARVEST, AND TO BE AN ADVOCATE FOR SKAGIT VALLEY AGRICULTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $162,990

Program Service Revenue $102,757

Investment Income $619

Other Revenue $1,500

TOTAL REVENUE $267,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,217

Fundraising Expenses $17,598

Program Expenses $276,027

Other Expenses $153,805

TOTAL EXPENSES $320,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,866	$344,632	-0.2%
Expenses	$320,022	$323,887	0.0%
Net Income	$-52,156	$20,745	-3.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL WOODS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROB ASHBY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ALICIA JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BRANDON CARTER	TREASURER	1.00	Officer Director	$0	$0	$0
TERRY GIFFORD	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
JEFF HAMMER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN NANNERY	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA SMALL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DURGIN	DIRECTOR	1.00	Director	$0	$0	$0
SARA RESS	DIRECTOR	1.00	Director	$0	$0	$0
LEO RO0ZEN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN KELTZ	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HARTMAN	ADVISORY BOD	1.00	Director	$0	$0	$0
PATTI HART	ADVISORY BOD	1.00	Director	$0	$0	$0
ANDREW SCHUH	ADVISORY BOD	1.00	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	$267,866	$320,022	$14,832	$-52,156
2023	$344,632	$323,887	$62,288	$20,745
2022	$256,979	$265,560	$38,571	$-8,581
2021	$245,466	$239,840	$69,852	$5,626
2020	$196,701	$230,527	$65,289	$-33,826
2019	$266,631	$258,235	$74,783	$8,396
2018	$253,021	$252,517	$66,892	$504

SKAGIT VALLEY TULIP FESTIVAL C/O NICOLE ROOZEN