WESTERN PACIFIC MARITIME ACADEMY (EIN 660983412) - 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

2021

Legal Domicile

Principal Officer

MICHAEL W BACHER

Phone

6703236609

Tax Period

2024-01-01 to 2024-12-31

WESTERN PACIFIC MARITIME ACADEMY, founded in 2021, is a small nonprofit in the Education sector that reported $290K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $320K exceeded revenue, resulting in a 10% operating deficit.

Mission

To provide pathways to maritime opportunities through USCGapproved training and job placement

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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 $5,290

Program Service Revenue $284,513

Investment Income $0

Other Revenue $0

TOTAL REVENUE $289,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,118

Fundraising Expenses $0

Program Expenses $229,960

Other Expenses $303,572

TOTAL EXPENSES $319,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,803	$180,032	+0.6%
Expenses	$319,690	$134,624	+1.4%
Net Income	$-29,887	$45,408	-1.7%

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

$15,725

Total Directors

$15,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JOHANSEN	PRESIDENT	2.00	Officer Director	$15,725	$0	$15,725
CECILIO RAIUKIULIPIY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TEHANI KIRBY	SECRETARY	2.00	Officer Director	$0	$0	$0
KODY SKVARIL	TREASURER	2.00	Officer Director	$0	$0	$0
DIEGO BENAVENTE	MEMBER	1.00	Director	$0	$0	$0
RAMON TEBUTEB	MEMBER	1.00	Director	$0	$0	$0
ROBERT BRAKEN	MEMBER	1.00	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
2024	$289,803	$319,690	$114,590	$-29,887
2023	$180,032	$134,624	$132,537	$45,408
2022	$111,458	$38,332	$88,632	$73,126

WESTERN PACIFIC MARITIME ACADEMY