WASHINGTON MARITIME BLUE (EIN 831638344) - 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

JOSHUA BERGER

Phone

2067470563

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON MARITIME BLUE, founded in 2018, is a community nonprofit in the Environment sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $862K, a strong 18% operating margin.

Mission

A STRATEGIC ALLIANCE PROPELLING THE PNW TOWARD GLOBAL LEADERSHIP IN OCEAN-BASED INNOVATION.

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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 $3,038,520

Program Service Revenue $1,654,968

Investment Income $2,160

Other Revenue $80,571

TOTAL REVENUE $4,776,219

Expense Breakdown

Grants Paid $171,952

Salaries & Benefits $1,989,354

Fundraising Expenses $130,098

Program Expenses $3,089,366

Other Expenses $1,691,711

TOTAL EXPENSES $3,914,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,776,219	$2,304,902	+1.1%
Expenses	$3,914,017	$2,601,248	+0.5%
Net Income	$862,202	$-296,346	-3.9%

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

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

$295,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICO DE GOLIA	CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE JONES STEBBINS	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAITLIN HARDY	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAT BEARD	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE COMPLITA	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN AVARY	MEMBER	0.50	Director	$0	$0	$0
BRIAN SURRATT	MEMBER	0.50	Director	$0	$0	$0
CHRIS MACK JR	MEMBER	0.50	Director	$0	$0	$0
COSMO KING	MEMBER	0.50	Director	$0	$0	$0
ELEANOR KIRTLEY	MEMBER	0.50	Director	$0	$0	$0
JASON JORDAN	MEMBER	0.50	Director	$0	$0	$0
JULIE HAMPDEN	MEMBER	0.50	Director	$0	$0	$0
KRISTY CLEMENT	MEMBER FROM 01/25	0.50	Director	$0	$0	$0
PATTY RUBSTELLO	MEMBER	0.50	Director	$0	$0	$0
SAM CHO	MEMBER	0.50	Director	$0	$0	$0
SENATOR LIZ LOVELETT	MEMBER	0.50	Director	$0	$0	$0
SIMON GEERLOFS	MEMBER	0.50	Director	$0	$0	$0
VESA KOIVUMAA	MEMBER	0.50	Director	$0	$0	$0
W JOE ALLEN	MEMBER THRU 10/24	0.50	Director	$0	$0	$0
JOSHUA BERGER	CEO	40.00	Officer	$185,509	$27,934	$213,443
DANIEL PULSE	CFO	40.00	Officer	$82,457	$0	$82,457
DEVON THORSELL	COO	40.00	Highest	$131,045	$11,104	$142,149
CASSIDY FISHER	PROGRAM DIRECTOR	40.00	Highest	$116,742	$17,260	$134,002
RACHEL ARONSON	PROGRAM DIRECTOR	40.00	Highest	$119,647	$11,282	$130,929
VEASNA HOY	PROGRAM DIRECTOR	40.00	Highest	$117,113	$25,964	$143,077

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
2025	$4,776,219	$3,914,017	$1,632,473	$862,202
2024	No data	No data	No data	No data
2023	$2,899,277	$2,478,442	$741,004	$420,835
2022	$2,195,226	$2,175,486	$523,019	$19,740
2021	$848,463	$809,356	$227,719	$39,107

WASHINGTON MARITIME BLUE