NORTHWEST MARINE TRADE ASSOCIATION

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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

1943

Legal Domicile

Principal Officer

GEORGE HARRIS

Phone

2066340911

Tax Period

2024-07-01 to 2025-06-30

NORTHWEST MARINE TRADE ASSOCIATION, founded in 1943, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024.

Mission

THE PURPOSE OF THE NORTHWEST MARINE TRADE ASSOCIATION IS TO PROMOTE THE GROWTH OF RECREATIONAL BOATING AND THE BUSINESSES OF OUR MEMBERS; MAINLY THROUGH PRODUCING ANNUAL BOAT SHOWS THROUGHOUT THE NORTHWEST.

Program Service Accomplishments

Program 1

TO PRODUCE THE SEATTLE BOAT SHOW AND THE ANACORTES BOAT AND YACHT SHOW PARTNERED WITH TRAWLERFEST WITH A COMBINED ANNUAL ATTENDANCE OF +35,000.

Program 2

TO ORGANIZE MEETINGS AND CONFERENCES TO HELP EDUCATE MEMBERS (ANNUAL MEETING, SEMINARS AND MARINA CONFERENCE) AS WELL AS REPRESENT MEMBERS IN WASHINGTON STATE LEGISLATURE.

Program 3

TO RUN WEBSITES THAT PROVIDE INFORMATION AND SERVICES TO OUR MEMBERS AND PROMOTE THE MARINE INDUSTRY TO THE GENERAL PUBLIC (NMTA.NET, SEATTLEBOATSHOW.COM, AND CLEANMARINAWASHINGTON.ORG).

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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 $0

Program Service Revenue $3,874,695

Investment Income $17,039

Other Revenue $367,327

TOTAL REVENUE $4,259,061

Expense Breakdown

Grants Paid $17,494

Salaries & Benefits $1,234,047

Fundraising Expenses $0

Other Expenses $2,919,001

TOTAL EXPENSES $4,170,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,259,061	$4,223,470	+0.0%
Expenses	$4,170,542	$4,042,539	+0.0%
Net Income	$88,519	$180,931	-0.5%

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

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

$227,371

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE HARRIS	PRESIDENT & CEO	40.00	Officer	$185,809	$41,562	$227,371
JAMES JENNINGS	VP, DIRECTOR OF GOV'T AFFAIRS	40.00	Highest	$145,599	$27,562	$173,161
KATHERINE MCPHAIL COLTRAIN	VP, BOAT SHOW DIRECTOR	40.00	Highest	$140,852	$30,802	$171,654
KARSTEN MCINTOSH	DIRECTOR OF COMMUNICATION	40.00	Highest	$130,654	$14,119	$144,773
JENNIFER HIGGINS	DIRECTOR OF FINANCE	40.00	Highest	$101,861	$18,918	$120,779
PAUL SORENSEN	CHAIR	2.00	Officer Director	$0	$0	$0
MIKE KIRSHENBAUM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TONY BULPIN	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
ALEX SUTTER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
NICK GRAF	TRUSTEE	1.00	Director	$0	$0	$0
KELLY HAWLEY	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH BOHLING	TRUSTEE	1.00	Director	$0	$0	$0
JOHN DUMAS	TRUSTEE	1.00	Director	$0	$0	$0
JEFF MESSMER	TRUSTEE	1.00	Director	$0	$0	$0
TORI PARROTT	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG PERRY	TRUSTEE	1.00	Director	$0	$0	$0
PAUL ZIMMER	TRUSTEE	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
2025	$4,259,061	$4,170,542	$2,351,108	$88,519
2024	$4,223,470	$4,042,539	$2,250,539	$180,931
2023	$4,397,021	$3,736,655	$2,005,801	$660,366
2022	$3,223,633	$3,163,308	$1,113,483	$60,325
2021	$1,347,773	$1,904,948	$1,568,456	$-557,175
2020	$3,226,645	$3,441,491	$1,898,683	$-214,846
2019	$3,462,851	$3,547,794	$1,987,627	$-84,943
2018	$3,443,719	$3,434,920	$1,956,984	$8,799