Skagit Habitat for Humanity
Nonprofit profile at a glance
- EIN
- 911628529
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Mount Vernon, WA, USA
- Phone
- 3604289402
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,716,085
- Expenses
- $1,841,772
- Assets
- $8,032,687
- Liabilities
- $4,553,108
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Allen Workman (President)
- Tom Rose (Vice President)
- Tina Tate (Chief Executive Officer)
Highest reported compensation
- Tina Tate (Chief Executive Officer): $148,875 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization partners with hard working people in need of affordable housing, by building and renovating houses in an effort to develop permanent, affordable homes for low income families within Skagit County. We also provide volunteer and learning opportunities for individuals.
What it reported doing in 2024
With the support of many volunteers serving in various capacities, Skagit Habitat for Humanity operates a thrift store selling used building material and household items. The Store has provided a resource for the public, including builders, to donate and purchase usable materials. The Store raises funds to help sustain our programs as well as provides opportunities for individuals. We partner with agencies and individuals in and around Skagit County to provide work training to underserved individuals, providing learning opportunities for job training, evaluation, and valuable employable skill sets. The job training/evaluations allow individuals to gain experience in a retail and warehouse environment, with the expectation of leveraging this experience into future employment. We have expanded our paid staff through individuals from these programs.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 99% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.8%; rating input score 69
- Program expense ratio: 72.2%; rating input score 72
- Fundraising efficiency: $7.82 raised per $1 spent on fundraising; rating input score 30; 30th 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: 100%; rating input score 100; 76th percentile among comparable filings
- 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.3%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 4.36; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 8.1%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 11.9% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 6.5% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 14.8% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 68.8% of revenue deployed · 72.2% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $149K · 11 people listed
- Highest-paid contractors: 1 contractor listed · $211K reported
- Consistency: 38 of 38 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 30/100.
- High — Sustainability: Operating margin scored 20/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.