PORT TOWNSEND MEDITATION CENTER

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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

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

To provide a welcoming experiences in mindful awareness to individuals, and community health, education, and meditation groups through daily sessions and longer retreats and instruction.

Program Service Accomplishments

Program 1

Expenses: $261,530

Design and raise funds to build community meditation hall

Program 2

Conduct weekly mediation sessions open free of charge to the community. Meditation takes place outdoors on the site of the future meditation hall.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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