Duwamish Waterway Association (EIN 237323933) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

Darin W Benofsky

Phone

2065953028

Tax Period

2023-01-01 to 2023-12-31

Duwamish Waterway Association, founded in 1973, is a small nonprofit that reported $390K in total revenue in fiscal year 2023. Expenses of $485K exceeded revenue, resulting in a 24% operating deficit.

Mission

The organization is a non-profit boat club. Dues and Assessments are used to pay operating expenses of a boat club marina leased from the Port of Seattle.

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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 (2023)

Revenue Breakdown

Contributions & Grants $369,671

Program Service Revenue $20,198

Investment Income $19

Other Revenue $0

TOTAL REVENUE $389,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $485,391

TOTAL EXPENSES $485,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$389,888	$389,421	+0.0%
Expenses	$485,391	$448,583	+0.1%
Net Income	$-95,503	$-59,162	+0.6%

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

100

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
Bob Josephson	Trustee	10.00	Director	$0	$0	$0
Nick Hoffman	Trustee	10.00	Director	$0	$0	$0
Jeff Freeman	Trustee	10.00	Director	$0	$0	$0
Darin Benofsky	Secretary and Treasurer	10.00	Officer Director	$0	$0	$0
Andy Carlson	Trustee	10.00	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	$389,888	$485,391	$141,351	$-95,503
2022	$389,421	$448,583	$706,413	$-59,162
2021	$438,924	$374,793	$839,547	$64,131
2021	$277,458	$374,793	$477,733	$-97,335

Duwamish Waterway Association