Vessel Works (EIN 824647823) - 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

2018

Legal Domicile

Principal Officer

Dagny Tucker

Tax Period

2023-01-01 to 2023-12-31

Vessel Works, founded in 2018, is a small nonprofit in the Health Care sector that reported $390K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $721K exceeded revenue, resulting in a 85% operating deficit.

Mission

To educate on the significant environmental and social impacts of everyday consumption choices in order to enable a necessary transition to sustainable lifestyles, and to support industry and and civic society in the collaboration, design, and implementation of reuse systems.

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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 $354,673

Program Service Revenue $30,500

Investment Income $5,009

Other Revenue $0

TOTAL REVENUE $390,182

Expense Breakdown

Grants Paid $412,706

Salaries & Benefits $192,939

Fundraising Expenses $0

Program Expenses $697,124

Other Expenses $115,121

TOTAL EXPENSES $720,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$390,182	$1,095,094	-0.6%
Expenses	$720,766	$158,397	+3.6%
Net Income	$-330,584	$936,697	-1.4%

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	Role	Reportable Comp	Other Comp	Total
Trinity Wells	Treasurer	Officer	$0	$0	$0
Shannon Hunter	Board Secretary	Officer	$0	$0	$0
Dagny Tucker	Board President	Officer Highest	$0	$0	$0
Rob Mossman	Chairman of the Board	Officer	$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	$390,182	$720,766	$624,981	$-330,584
2022	$1,095,094	$158,397	$946,366	$936,697

Vessel Works