J โ€” EmploymentEIN: 911247291ยท Ruling Year: 1985

Skillsource Inc

Wenatchee, Washington

A-Health Score
80A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$6.6M
Total Revenue
๐Ÿ“Š
$6.1M
Total Expenses
๐Ÿฆ
$3.2M
Net Assets
๐Ÿ“‹
$2.6M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+4.0%
Year-over-year change (2023 โ†’ 2024)
Net Margin
+7.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.52
Net assets divided by total expenses
Liabilities-to-Assets
45.4%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2024$6,565,975โ†‘4%$6,087,309โ†‘2%$5,829,393โ†‘9%
2023$6,313,178โ†‘18%$5,946,846โ†‘12%$5,334,081โ†‘6%
2022$5,341,150โ†‘1%$5,322,155โ†‘2%$5,048,047โ†“2%
2021$5,270,630โ†‘4%$5,221,370โ†‘3%$5,141,172โ†‘2%
2020$5,059,616โ†“5%$5,052,410$5,050,316โ†“5%
2019$5,301,590โ†‘22%$5,055,038โ†‘20%$5,342,726โ†‘5%
2018$4,342,158โ†‘4%$4,197,042โ†‘5%$5,068,956โ†‘2%
2017$4,176,980โ†‘1%$3,998,626$4,957,255โ†‘2%
2016$4,138,715โ†‘14%$3,980,838โ†‘11%$4,877,672โ†‘4%
2015$3,642,892โ†‘7%$3,588,845โ†‘6%$4,700,907
2014$3,406,466โ†“5%$3,400,816โ†“5%$4,678,395โ†“3%
2013$3,579,742โ†“4%$3,587,423โ†“4%$4,820,975โ†“2%
2012$3,717,521โ†“16%$3,727,863โ†“16%$4,913,920โ†“5%
2011$4,445,733$4,451,932$5,187,895

Frequently Asked Questions

What does Skillsource Inc do?โ–ผ

Skillsource Inc is a employment nonprofit organization based in Washington. It is classified under NTEE code J220 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Skillsource Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Skillsource Inc has a score of 80/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Skillsource Inc generate?โ–ผ

Skillsource Inc reports $9.1M in annual revenue and holds $7.0M in total assets, based on IRS filings.

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Skillsource Inc โ€” Wenatchee, WA | GiveScope