Whittier Marina Condominium Assoc (EIN 562487799) - 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

2003

Legal Domicile

Phone

9075224341

Tax Period

2024-01-01 to 2024-12-31

Whittier Marina Condominium Assoc, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $754K in total revenue in fiscal year 2024. Expenses of $666K left a modest 12% surplus.

Mission

The Organization operates a marina in Whittier Alaska for the benefit of its members/owners.

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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 $525,382

Program Service Revenue $0

Investment Income $59,788

Other Revenue $168,436

TOTAL REVENUE $753,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,191

Fundraising Expenses $0

Program Expenses $628,907

Other Expenses $457,664

TOTAL EXPENSES $665,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$753,606	$718,311	+0.0%
Expenses	$665,876	$587,204	+0.1%
Net Income	$87,730	$131,107	-0.3%

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

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
Bruce Palmer	Director	2.00	Director	$0	$0	$0
Stephen Kulin	Director	2.00	Director	$0	$0	$0
Marvin Kuentzel	Director	2.00	Director	$0	$0	$0
Mike Murphy	Director	2.00	Director	$0	$0	$0
Richard Weldin	Director	2.00	Director	$0	$0	$0
Stephen Adams	Director	2.00	Director	$0	$0	$0
Cody Hanna	Director	2.00	Director	$0	$0	$0
Bob Neumann	Treasurer	2.00	Officer Director	$0	$0	$0
John Hall	Vice President	2.00	Officer Director	$0	$0	$0
Greg Kisling	Secretary	2.00	Officer Director	$0	$0	$0
Darren Donald	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	$753,606	$665,876	$1,460,243	$87,730
2023	$718,311	$587,204	$1,372,448	$131,107
2022	$519,761	$615,350	$1,241,309	$-95,589
2021	$592,121	$715,535	$1,336,898	$-123,414
2020	$614,216	$696,682	$1,460,312	$-82,466
2019	$659,866	$480,551	$1,542,778	$179,315
2018	$584,409	$501,636	$1,363,453	$82,773

Whittier Marina Condominium Assoc