TACOMA COMMUNITY BOAT BUILDERS INC

EIN: 461724422 501(c)(3) Philanthropy & Grantmaking

Tacoma, WA

Total Revenue
$1,759,490
Total Expenses
$1,758,044
Total Assets
$421,085
Net Assets
$308,980
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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
2013
Legal Domicile
WA
Principal Officer
Shannon A Shea
Phone
2537208703
Tax Period
2024-07-01 to 2025-06-30

TACOMA COMMUNITY BOAT BUILDERS INC, founded in 2013, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

Tacoma Boat Builders TBB creates transformational opportunities for youth through positive mentorship woodworking and boat building. We pair youth with experienced craftspeople and together they create objects of functional beauty. By providing youth with a safe space to learn and grow including a mentor to learn from youth are given opportunities to build skills find creative outlets and most importantly increase their sense of safety and belonging.

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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 $1,706,230
Program Service Revenue $48,421
Investment Income $0
Other Revenue $4,839
TOTAL REVENUE $1,759,490

Expense Breakdown

Grants Paid $239,561
Salaries & Benefits $1,121,537
Fundraising Expenses $71,073
Program Expenses $1,507,476
Other Expenses $374,846
TOTAL EXPENSES $1,758,044

Year-over-Year Comparison

2024 2023 Change
Revenue $1,759,490 $1,919,040 -0.1%
Expenses $1,758,044 $1,856,208 -0.1%
Net Income $1,446 $62,832 -1.0%
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

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Governance

Voting Members
5
Independent Members
5
Employees
54
Volunteers
10

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
2
$0
Key Employees
1
$103,608
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Melissa Malott JD President 4.00
Officer
$0 $0 $0
Sara Zier Secretary 4.00
Officer
$0 $0 $0
Jason Reddock Treasurer 4.00
Officer
$0 $0 $0
Paul Birkey Founding Member 10.00
Director
$0 $0 $0
Shannon A Shea Executive Director 40.00
Key Emp
$92,030 $11,578 $103,608
Earl Borgert Member 4.00
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
2025 $1,759,490 $1,758,044 $421,085 $1,446
2024 $1,919,040 $1,856,208 $449,824 $62,832
2023 $1,553,756 $1,609,193 $375,176 $-55,437
2022 $605,218 $561,797 $334,551 $43,421
2021 $502,476 $526,538 $356,289 $-24,062
2020 $595,021 $467,881 $349,031 $127,140
2018 $296,328 $251,901 $195,859 $44,427
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