Port Townsend School of Wood- working (EIN 270756635) - 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

2011

Legal Domicile

Principal Officer

Richard Berg

Phone

3603444455

Tax Period

2023-01-01 to 2023-12-31

Port Townsend School of Wood- working, founded in 2011, is a small nonprofit in the Education sector that reported $866K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

To inspire a lifelong passion for craftmanship through education in woodworking and traditional building trades.

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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 $187,021

Program Service Revenue $689,340

Investment Income $1,661

Other Revenue $-11,812

TOTAL REVENUE $866,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,887

Fundraising Expenses $23,888

Program Expenses $717,267

Other Expenses $387,562

TOTAL EXPENSES $921,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$866,210	$784,569	+0.1%
Expenses	$921,449	$790,192	+0.2%
Net Income	$-55,239	$-5,623	+8.8%

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

N/A

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
Kirsten Campbell	Secretary	0.50	Officer Director	$0	$0	$0
Raphael Berrios	Director	0.50	Director	$0	$0	$0
Judy Gelwicks	Treasurer	0.50	Officer Director	$0	$0	$0
Buster Ferris	Director	0.50	Director	$0	$0	$0
Paul Pearce	Vice President	0.50	Officer Director	$0	$0	$0
Richard Berg	Chairman	0.50	Director	$0	$0	$0
Holly Varah	Secretary	0.50	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	No data	No data	No data	No data
2023	$866,210	$921,449	$705,308	$-55,239
2022	$784,569	$790,192	$747,951	$-5,623
2021	$840,032	$730,070	$699,475	$109,962
2020	$590,057	$495,779	$522,459	$94,278
2019	$562,167	$586,477	$385,892	$-24,310
2018	$486,977	$484,990	$388,891	$1,987

Port Townsend School of Wood- working