Children's Museum of Skagit County

Nonprofit profile at a glance

EIN
912081180
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Burlington, WA, USA
Phone
3607578888
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Children's Museums

Reported finances

Revenue
$1,029,498
Expenses
$1,110,314
Assets
$1,754,799
Liabilities
$315,608

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • TRACEY LEVINE (FOUNDER,PAST PRESIDENT)
  • ANNA HOLM (PRESIDENT)
  • VICKI ASLETT (VICE PRESIDENT)

Highest reported compensation

  • CATHERINE L ANDERSON (EXEC DIRECTOR): $77,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See Schedule O

What it reported doing in 2024

In october of 2020 we launched the help me grow skagit family resource center (hmgs frc), initially with cares act funding through skagit county. The hmg-s family resource center provides basic needs for families, along with books and educational activities for infants and children. In addition to the distribution of items, the hmgs frc connects families to the supports that they need, including other programs and resources. Basic needs items include diapers, wipes, safe sleep items for infants, car seats, cleaning, and laundry supplies. In fy 2024-2025 the frc did a total of nearly 3,500 distributions, which translates to over 14,000 individuals, representing a nearly 20% increase over the prior year for the second year in a row.the ability to connect with providers, organizations, and community networks continually improves the number of services clients can be linked to, and strengthens the ties between the community and the hmgs frc. We also took on the role of family navigation, with two trained team members. Our multilingual team members are able to assist clients in six languages, and with strategic partnerships, we have access to outside interpreters, as well.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85%; rating input score 85
  • Program expense ratio: 78.2%; rating input score 78
  • Fundraising efficiency: $7.98 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -7.9%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 1.58; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 6.9%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 12.6% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: 7.2% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 85% of revenue deployed · 78.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $868K in reported program spending
  • Leadership: top reported pay $77K · 13 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Sustainability: Operating margin scored 20/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.