SALEM VILLAGE (EIN 911685447) - 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

1995

Legal Domicile

Principal Officer

CRAIG PHILLIPS

Phone

3605401438

Tax Period

2024-01-01 to 2024-12-31

SALEM VILLAGE, founded in 1995, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE AFFORDABLE, SAFE HOUSING FOR SENIORS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $134,400

Program Service Revenue $1,101,067

Investment Income $12,920

Other Revenue $0

TOTAL REVENUE $1,248,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $345,583

Fundraising Expenses $0

Program Expenses $1,732,821

Other Expenses $1,387,238

TOTAL EXPENSES $1,732,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,248,387	$1,772,372	-0.3%
Expenses	$1,732,821	$1,709,361	+0.0%
Net Income	$-484,434	$63,011	-8.7%

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

$78,498

Total Directors

$78,498

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL DUNLAP	PRESIDENT	4.00	Officer Director	$0	$0	$0
LORI LACEY	TREASURER	4.00	Officer Director	$0	$0	$0
GENE VAN SELUS	EXECUTIVE DIRECTOR	38.00	Officer Director	$78,498	$0	$78,498

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	$1,248,387	$1,732,821	$11,525,356	$-484,434
2023	$1,772,372	$1,709,361	$11,892,106	$63,011
2022	$857,748	$1,000,830	$11,255,875	$-143,082
2021	$893,077	$989,322	$11,203,453	$-96,245
2020	$757,990	$966,622	$10,778,561	$-208,632
2019	$796,005	$892,005	$11,220,079	$-96,000
2018	$858,239	$946,256	$11,338,608	$-88,017

SALEM VILLAGE