SNO-ISLE LIBRARIES FOUNDATION

EIN: 912010318 501(c)(3) Education

MARYSVILLE, WA

Total Revenue
$2,618,278
Total Expenses
$364,357
Total Assets
$4,634,585
Net Assets
$4,634,585
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
WA
Principal Officer
LUKE DISTELHORST
Phone
3606517000
Tax Period
2023-01-01 to 2023-12-31

SNO-ISLE LIBRARIES FOUNDATION, founded in 2000, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 698% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 86% operating margin.

Mission

TO CREATE SUPPORT FOR VIBRANT LIBRARY PROGRAMS AND SERVICES IN SNOHOMISH AND ISLAND COUNTIES.

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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 $2,534,848
Program Service Revenue $5,876
Investment Income $85,532
Other Revenue $-7,978
TOTAL REVENUE $2,618,278

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $276,443
Other Expenses $364,357
TOTAL EXPENSES $364,357

Year-over-Year Comparison

2023 2022 Change
Revenue $2,618,278 $328,024 +7.0%
Expenses $364,357 $255,487 +0.4%
Net Income $2,253,921 $72,537 +30.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUKE DISTELHORST PRESIDENT 2.00
Officer Director
$0 $0 $0
JEANNE THORSEN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SAMI POSTMA SECRETARY 2.00
Officer Director
$0 $0 $0
SUSAN KOSTICK BOARD OF TRUSTEES LIAISON 2.00
Director
$0 $0 $0
RIM BENOUD-SCHMITZ DIRECTOR 2.00
Director
$0 $0 $0
HEATHER CROTEAU DIRECTOR 2.00
Director
$0 $0 $0
CURTIS DECLUE DIRECTOR 2.00
Director
$0 $0 $0
NICK HAMDEN DIRECTOR 2.00
Director
$0 $0 $0
NICOLAS KADIR JENSEN DIRECTOR 2.00
Director
$0 $0 $0
ELEANOR HOWELL-SHRYOCK DIRECTOR 2.00
Director
$0 $0 $0
NAOMI JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
FRANK KWAN DIRECTOR 2.00
Director
$0 $0 $0
BRIANNE NEVILL DIRECTOR 2.00
Director
$0 $0 $0
JOYCE ZHOU DIRECTOR 2.00
Director
$0 $0 $0
SONIA SIEGEL VEXLER DIRECTOR 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 $2,618,278 $364,357 $4,634,585 $2,253,921
2022 $328,024 $255,487 $2,267,762 $72,537
2021 $1,057,295 $217,489 $2,307,983 $839,806
2020 $501,572 $293,153 $1,353,315 $208,419
2019 $146,809 $167,663 $1,047,239 $-20,854
2018 $116,672 $199,435 $941,864 $-82,763
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