GIG HARBOR WATERFRONT ALLIANCE

EIN: 421754237 501(c)(3) Arts, Culture & Humanities

GIG HARBOR, WA

Total Revenue
$413,983
Total Expenses
$321,846
Total Assets
$501,277
Net Assets
$495,163
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
WA
Principal Officer
JILL GUERNSEY
Phone
2535140071
Tax Period
2024-01-01 to 2024-12-31

GIG HARBOR WATERFRONT ALLIANCE, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $414K in total revenue in fiscal year 2024. The organization ran a surplus of $92K, a strong 22% operating margin.

Mission

THE GIG HARBOR WATERFRONT ALLIANCE PROMOTES ECONOMIC VITALITY BY MAINTAINING A HISTORIC WATERFRONT COMMUNITY THAT ATTRACTS DIVERSE BUSINESSES AND PEOPLE THROUGH COLLABORATION, OUTREACH AND ACTIVITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $282,140
Program Service Revenue $120,389
Investment Income $11,454
Other Revenue $0
TOTAL REVENUE $413,983

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,102
Fundraising Expenses $0
Program Expenses $85,374
Other Expenses $153,744
TOTAL EXPENSES $321,846

Year-over-Year Comparison

2024 2023 Change
Revenue $413,983 $399,335 +0.0%
Expenses $321,846 $351,408 -0.1%
Net Income $92,137 $47,927 +0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
3
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
3
$0
Total Directors
11
$73,944
Key Employees
1
$63,496
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARRIANNE EKBERG EXECUTIVE DIRECTOR 40.00
Director
$73,944 $0 $73,944
JILL GUERNSEY PRESIDENT 1.00
Officer Director
$0 $0 $0
KARRIE POLINSKY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHARD PIFER TREASURER 1.00
Officer Director
$0 $0 $0
TAMMI BARBER BOARD MEMBER 1.00
Director
$0 $0 $0
RAY CORPUZ BOARD MEMBER 1.00
Director
$0 $0 $0
TRISH HUFF BOARD MEMBER 1.00
Director
$0 $0 $0
KATRINA KNUTSON BOARD MEMBER 1.00
Director
$0 $0 $0
BELLA MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
PAT SCHMIDT BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER STEIFEL BOARD MEMBER 1.00
Director
$0 $0 $0
SHANNON RUNION SPECIAL PROJECTS & OUTREAC 40.00
Key Emp
$63,496 $0 $63,496
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 $413,983 $321,846 $501,277 $92,137
2023 $399,335 $351,408 $407,221 $47,927
2022 $339,996 $311,265 $357,669 $28,731
2021 $279,127 $223,354 $326,894 $55,773
2020 $190,471 $219,222 $258,411 $-28,751
2019 $349,166 $339,763 $276,119 $9,403
2018 $334,944 $350,382 $268,232 $-15,438
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