SKAGIT COUNTY FARM BUREAU INC

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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

1960

Legal Domicile

Principal Officer

William Schmidt

Phone

3608263437

Tax Period

2024-10-01 to 2025-09-30

SKAGIT COUNTY FARM BUREAU INC, founded in 1960, is a micro nonprofit that reported $41K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $12K, a strong 29% operating margin.

Mission

REPRESENT THE INTERESTS OF FARM AND RANCH FAMILIES AT THE LOCAL LEVEL AS VOLUNTARY GRASS ROOTS ORGANIZATION.

Program Service Accomplishments

Program 1

PROVIDED NEWS AND EDUCATION, HELD MEETINGS, AND MONITORED LEGISLATION REGARDING ISSUES PERTINENT TO LOCAL FARMERS.

Program 2

PROVIDED SUPPORT TO SIMILAR ORGANIZATIONS IN EDUCATING THE PUBLIC ON ISSUES AFFECTING LOCAL AGRICLUTRE.

Program 3

PROVIDED SUPPORT FOR YOUNG FARMER LIVESTOCK SHOWINGS.

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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 $4,602

Program Service Revenue $0

Investment Income $36,552

Other Revenue $0

TOTAL REVENUE $41,154

Expense Breakdown

Grants Paid $10,032

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $19,016

TOTAL EXPENSES $29,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,154	$44,310	-0.1%
Expenses	$29,048	$18,146	+0.6%
Net Income	$12,106	$26,164	-0.5%

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

N/A

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
RICK ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
FRANCISCO SANTELICES	DIRECTOR	2	Director	$0	$0	$0
Lance HANSEN	DIRECTOR	2	Director	$0	$0	$0
KEN CHRISTIANSON	DIRECTOR	2	Director	$0	$0	$0
TOM SHIELDS	DIRECTOR	2	Director	$0	$0	$0
LARRY JENSEN	DIRECTOR	2	Director	$0	$0	$0
JANICE SCHMIDT	TREASURER	10	Officer Director	$0	$0	$0
Emily Johnson	VICE-PRESIDENT	5	Officer Director	$0	$0	$0
Andrew Dykstra	DIRECTOR	2	Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	5	Director	$0	$0	$0
WILLIAM SCHMIDT	PRESIDENT	10	Officer	$0	$0	$0
Sue Christianson	SECRETARY	5	Officer	$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
2025	$41,154	$29,048	$711,964	$12,106
2024	$44,310	$18,146	$699,819	$26,164
2023	$44,052	$23,080	$655,354	$20,972
2022	$48,000	$20,274	$633,217	$27,726
2021	$53,811	$25,423	$694,306	$28,388
2019	$45,900	$22,306	$658,138	$23,594