NORTH OLYMPIC REGIONAL VETERANS HO… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

LORRI GILCHRIST

Phone

3603745252

Tax Period

2023-01-01 to 2023-12-31

NORTH OLYMPIC REGIONAL VETERANS HOUSING NETWORK, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $518K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Net assets of $2.4M represent 56 months of operating reserves.

Mission

NORTH OLYMPIC REGIONAL VETERANS HOUSING NETWORK OPERATES SARGE'S PLACE SHELTER, AS WELL AS THREE PERMANENT SUPPORTIVE HOUSING PROGRAMS: CAMP SOL DUC, HOBUCKET HOUSE, AND THE OUTPOST, ALL EXCLUSIVELY FOR VETERANS.

Program Service Accomplishments

Program 1

Expenses: $431,941 Revenue: $106,937

THESE FUNDS WERE UTILIZED TO MAINTAIN "SARGE'S PLACE", A TWO STORY APARTMENT BUILDING IN FORKS, A TRANSTIONAL HOUSING PROJECT FOR UP TO 12 HOMELESS VETERANS. THESE FUNDS WERE ALSO USED TO MAINTAIN...

THESE FUNDS WERE UTILIZED TO MAINTAIN "SARGE'S PLACE", A TWO STORY APARTMENT BUILDING IN FORKS, A TRANSTIONAL HOUSING PROJECT FOR UP TO 12 HOMELESS VETERANS. THESE FUNDS WERE ALSO USED TO MAINTAIN "THE OUTPOST", AN APARTMENT COMPLEX WITH FOUR 2 BEDROOM APARTMENTS ALSO FOR VETERANS AND CAMP SOL DUC. CAMP SOL DUC AND THE OUTPOST ARE PERMANENT SUPPORTIVE HOUSING PROJECTS. ALSO INCLUDED NEW FOR 2022 IS THE HOBUCKET HOUSE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $313,683

Program Service Revenue $106,937

Investment Income $0

Other Revenue $97,397

TOTAL REVENUE $518,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,306

Fundraising Expenses $0

Program Expenses $431,941

Other Expenses $295,386

TOTAL EXPENSES $562,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$518,017	$1,626,708	-0.7%
Expenses	$562,692	$555,632	+0.0%
Net Income	$-44,675	$1,071,076	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRI GILCHRIST	PRESIDENT	10.00	Officer Director	$0	$0	$0
KELLY COOK	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN HARKINS	TREASURER	5.00	Officer Director	$0	$0	$0
KIM CONLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
VIOLA WARE	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON WRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
NATE TYLER	BOARD MEMBER	N/A	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	$518,017	$562,692	$2,957,392	$-44,675
2022	$1,626,708	$555,632	$2,969,482	$1,071,076
2021	$1,292,167	$505,937	$2,012,724	$786,230
2020	$455,541	$454,479	$1,269,686	$1,062
2019	$418,323	$434,265	$1,248,321	$-15,942
2018	$452,911	$403,371	$1,287,234	$49,540

NORTH OLYMPIC REGIONAL VETERANS HOUSING NETWORK