PORT ANGELES MARATHON ASSOCIATION

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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

2003

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

PORT ANGELES MARATHON ASSOCIATION, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $394K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $374K left a modest 5% surplus.

Mission

TO ORGANIZE AND PRODUCE A HIGH QUALITY MARATHONSHOWCASING THE PORT ANGELES/SEQUIM AREA ALONG THEOLYMPIC DISCOVERTY TRAIL

Program Service Accomplishments

Program 1

Expenses: $240,326

THE PORT ANGELES MARATHON ASSOCIATION GIVES BACK TO THE COMMUNITIES OF SEQUIM AND PORT ANGELES IN MANY WAYS INCLUDING OFFERING THE KIDS MARATHON PROGRAM TO ALL CLALLAM COUNTY ELEMENTRAY SCHOOLS AND WORKING WITH CIVIC GROUPS, SERVICE CLUBS ANS SCHOOL TEAMS AND PROGRAMS BY OFFERING CASH DONATIONS IN RETURN FOR VOLUNTEER TIME. OVER THE PAST 8 YEARS PAMA DONATED MORE THAN $100,000 TO LOCAL ORGANIZATION. MANY RUNNERS ALIGN WITH CHARITY ORGANIZATION AND GATHER PLEDGES. RUNNING FOR CHARITY NOT ONLY HELPS RAISE FUNDS FOR A GOOD CAUSE, IT ALSO HELP MOTIVATE AND INSPIRE RUNNERS BECAUSE THE FEEL ACCOUNTABLE TO THEIR SPONSORS AND ORGAIZATION.

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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 $93,355

Program Service Revenue $296,036

Investment Income $28

Other Revenue $4,682

TOTAL REVENUE $394,101

Expense Breakdown

Grants Paid $26,480

Salaries & Benefits $108,266

Fundraising Expenses $0

Program Expenses $240,326

Other Expenses $239,386

TOTAL EXPENSES $374,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,101	$315,407	+0.2%
Expenses	$374,132	$321,424	+0.2%
Net Income	$19,969	$-6,017	-4.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAITLIN ALDERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CARMEN GEYER	BOARD MEMBER	2.00	Director	$0	$0	$0
TAYLYN SIMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY LITTLE	BOARD MEMBER	2.00	Director	$0	$0	$0
KATRIN JUNGHANNS-ROYACK	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSHUA JONES	PRESIDENT	2.00	Officer Director	$0	$0	$0
NICHOLAS SIMPSON	VICE PRESIDENT	2.00	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	$394,101	$374,132	$119,165	$19,969
2023	$315,407	$321,424	$108,603	$-6,017
2022	$363,433	$340,791	$147,941	$22,642
2021	$428,648	$416,609	$135,235	$12,039
2020	$461,052	$431,349	$130,753	$29,703
2019	$353,667	$320,777	$71,951	$32,890
2018	$224,381	$264,531	No data	$-40,150