STATES ORGANIZATION FOR BOATING AC… - Form 990 Financial Data

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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

2006

Legal Domicile

Phone

8592259487

Tax Period

2023-01-01 to 2023-12-31

STATES ORGANIZATION FOR BOATING ACCESS INC, founded in 2006, is a small nonprofit in the Environment sector that reported $208K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $197K left a modest 5% surplus.

Mission

States Organization for Boating Access (SOBA) fosters collaboration and the sharing of best practices among members and is a recognized advocate for state agencies, marinas and equipment manufacturers that work with providing, maintaining and creating access points to public waterways in the states and US territories.

Program Service Accomplishments

Program 1

Expenses: $135,888 Revenue: $184,840

The Annual SOBA Education & Training Symposium was held from August 25 - 28, 2023, in Tacoma, Washington. All of the Education sessions and presentations from the Symposium can be viewed here...

The Annual SOBA Education & Training Symposium was held from August 25 - 28, 2023, in Tacoma, Washington. All of the Education sessions and presentations from the Symposium can be viewed here: https://sobaus.org/resources/publiclibrary The Symposium provides a platform for the sharing of best practices and trends in boating access construction, maintenance and preservation of native species and habitats.

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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 $103,425

Program Service Revenue $105,035

Investment Income $11

Other Revenue $0

TOTAL REVENUE $208,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,888

Other Expenses $197,426

TOTAL EXPENSES $197,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,471	$117,706	+0.8%
Expenses	$197,426	$163,700	+0.2%
Net Income	$11,045	$-45,994	-1.2%

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

N/A

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
Todd Mize	President and Director	1.00	Officer Director	$0	$0	$0
Nancy Stewart	Vice President and Board Member	1.00	Officer Director	$0	$0	$0
Chris French	Board Member At Large	1.00	Director	$0	$0	$0
Catherine Buchalski-Smith	Treasurer and Board Member	1.00	Officer Director	$0	$0	$0
Sharon Clark	Board Member At Large	1.00	Director	$0	$0	$0
Gary Gardner	Board Member At Large	1.00	Director	$0	$0	$0
Mike Wichrowski	Past President and Board Member	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
2023	$208,471	$197,426	$196,610	$11,045
2019	$153,172	$137,586	$246,527	$15,586
2018	$153,486	$139,400	$222,823	$14,086

STATES ORGANIZATION FOR BOATING ACCESS INC