GIG HARBOR PENINSULA HISTORICAL SOC

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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

1964

Legal Domicile

Principal Officer

STEPHANIE LILE

Phone

2538586722

Tax Period

2024-01-01 to 2024-12-31

GIG HARBOR PENINSULA HISTORICAL SOC, founded in 1964, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 29% operating margin.

Mission

THE HARBOR HISTORY MUSEUM INSPIRES CURIOSITY ABOUT LOCAL HISTORY AND CULTURAL TRADITIONS AS THEY CONNECT TO THE WORLD AROUND US.

Program Service Accomplishments

Program 1

Expenses: $537,585 Revenue: $704,677

RESTORATION AND PRESERVATION OF THE: A) 1925 COMMERCIAL FISHING VESSEL SHENANDOAH,; FUNDING BY A WASHINGTON STATE HERITAGE GRANT, PIERCE COUNTY HISTORIC PRESERVATION COMMISSION, HUMANITITES...

RESTORATION AND PRESERVATION OF THE: A) 1925 COMMERCIAL FISHING VESSEL SHENANDOAH,; FUNDING BY A WASHINGTON STATE HERITAGE GRANT, PIERCE COUNTY HISTORIC PRESERVATION COMMISSION, HUMANITITES WASHINGTON, AND LOCAL DONORS; VOLUNTEER-BASED UNDER THE GUIDANCE OF A SHIPWRIGHT; INCLUDES PUBLIC OUTREACH TO SHOWCASE THE RESTORATION TECHNIQUES, PROCESS AND TOOLS; B)1893 MIDWAY ONE-ROOM SCHOOLHOUSE; PROVIDES IMMERSION EXPERIENCE FOR STUDENTS INTO THE HISTORY OF SCHOOLHOUSE EDUCATION; FUNDING BY GIG HARBOR GARDEN TOUR ASSOCIATION; AND C) RESTORATION,PRESERVATION, AND INTERPRETATION OF THE 1958 THUNDERBIRD HULL NUMBER 1 SAILBOAT, BUILT AT THE EDDON BOAT COMPANY IN GIG HARBOR.

Program 2

Expenses: $15,350 Revenue: $20,121

EDUCATIONAL AND COMMUNITY OUTREACH: WORKSHOPS, LECTURES, TOURS, AND SPECIAL EVENTS RELATING TO CURRENT EXHIBITS (SOMETIMES PARTNERING WITH AREA NON-PROFITS AND ART GROUPS), THE PIONEER SCHOOL...

EDUCATIONAL AND COMMUNITY OUTREACH: WORKSHOPS, LECTURES, TOURS, AND SPECIAL EVENTS RELATING TO CURRENT EXHIBITS (SOMETIMES PARTNERING WITH AREA NON-PROFITS AND ART GROUPS), THE PIONEER SCHOOL EXPERIENCE WHICH PROVIDES CURRICULUM-BASED HISTORY LESSONS TO MORE THAN 1,500 PENINSULA AREA STUDENTS ANNUALLY IN THE 1893 ONE-ROOM SCHOOLHOUSE.

Program 3

Expenses: $845 Revenue: $1,108

MUSEUM EXHIBITS AND RESEARCH LIBRARY: 2 CUSTOM HISTORY EXHIBITS CREATED EACH YEAR IN-HOUSE, 2-3 CUSTOM ART EXHIBITS HIGHLIGHTING PACIFIC NORTHWEST ADULT AND YOUTH ARTISTS; OFFERS A TRAVELING EXHIBIT PROGRAM. THE RESEARCH LIBRARY PROVIDES HISTORY, PHOTOGRAPH, BIOGRAPHY, AND GENEALOGY RESEARCH ONSITE, BY PHONE AND EMAIL REQUEST.

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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 $287,183

Program Service Revenue $725,907

Investment Income $15,516

Other Revenue $5,279

TOTAL REVENUE $1,033,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,889

Fundraising Expenses $72,047

Program Expenses $553,780

Other Expenses $398,520

TOTAL EXPENSES $732,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,033,885	$845,452	+0.2%
Expenses	$732,409	$736,677	0.0%
Net Income	$301,476	$108,775	+1.8%

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

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

$97,205

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE LILE	EXECUTIVE DIRECTOR	40.00	Officer	$97,205	$0	$97,205
JON KVINSLAND	PAST TRUSTEE	1.00	Director	$0	$0	$0
ADISON RICHARDS	TRUSTEE	1.00	Director	$0	$0	$0
LORI JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS PAGE	TRUSTEE	1.00	Director	$0	$0	$0
MARY SUDAR	TRUSTEE	1.00	Director	$0	$0	$0
LEE DEIDE	PAST TRUSTEE	1.00	Director	$0	$0	$0
KEN MALICH	TRUSTREE	1.00	Director	$0	$0	$0
DENNIS HARDMAN	TRUSTEE	1.00	Director	$0	$0	$0
MARK HOPPEN	TRUSTEE	1.00	Director	$0	$0	$0
MARK TIBBETTS	TRUSTEE	1.00	Director	$0	$0	$0
MARK ALLEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
P STEPHEN AITA	SECRETARY	1.00	Officer Director	$0	$0	$0
ERICA WILLIAMS	PRESIDENT	1.00	Officer 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	$1,033,885	$732,409	$8,061,669	$301,476
2023	$845,452	$736,677	$7,882,623	$108,775
2023	$845,739	$741,293	$7,578,723	$104,446
2022	$839,936	$648,832	$7,467,429	$191,104
2021	$815,599	$620,665	$7,091,099	$194,934
2020	$572,527	$576,767	$6,841,105	$-4,240
2018	$512,446	$648,674	$6,806,562	$-136,228
2018	$512,137	$648,357	$6,808,820	$-136,220
2017	$383,219	$646,362	$6,957,931	$-263,143