PORT TOWNSEND MEDITATION CENTER

EIN: 821613359 501(c)(3) Education

Port Townsend, WA

Total Revenue
$779,265
Total Expenses
$265,090
Total Assets
$825,608
Net Assets
$825,608
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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
2017
Legal Domicile
WA
Principal Officer
WALTER PARSONS
Phone
2063908092
Tax Period
2022-07-01 to 2023-06-30

PORT TOWNSEND MEDITATION CENTER, founded in 2017, is a small nonprofit in the Education sector that reported $779K in total revenue in fiscal year 2022. Revenue surged 2788% from the prior year, signaling strong growth momentum. The organization ran a surplus of $514K, a strong 66% operating margin.

Mission

A CENTER FOR NON-DENOMINATIONAL COMMUNITY MEDITATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $771,157
Program Service Revenue $0
Investment Income $8,108
Other Revenue $0
TOTAL REVENUE $779,265

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $261,530
Other Expenses $265,090
TOTAL EXPENSES $265,090

Year-over-Year Comparison

2022 2021 Change
Revenue $779,265 $26,985 +27.9%
Expenses $265,090 $15,153 +16.5%
Net Income $514,175 $11,832 +42.5%
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
6
Independent Members
6
Employees
N/A
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Isaac Gardiner Secretary 10.00
Director
$0 $0 $0
William Porter President 10.00
Director
$0 $0 $0
Walter Parsons Treasurer 20.00
Director
$0 $0 $0
Pamela Sampel Director 10.00
Director
$0 $0 $0
Carolyn Law Director 10.00
Director
$0 $0 $0
Tree Swenson Director 10.00
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
2023 $779,265 $265,090 $825,608 $514,175
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