VASHON-MAURY ISLAND HERITAGE ASSOC… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

BRUCE HAULMAN

Phone

3609752331

Tax Period

2024-01-01 to 2024-12-31

VASHON-MAURY ISLAND HERITAGE ASSOCIATION, founded in 1976, is a small nonprofit that reported $407K in total revenue in fiscal year 2024. The organization ran a surplus of $71K, a strong 17% operating margin.

Mission

MUSEUM OF VASHON ISLAND HISTORY

Program Service Accomplishments

Program 1

Expenses: $140,637

COLLECT, PRESERVE, EXHIBIT AND INTERPRET THE HISTORY OF VASHON AND MAURY ISLANDS. PROGRAMS SEEK TO ENGAGE, EDUCATE, AND INSPIRE THE ISLAND COMMUNITY. IN 2024 THE MUSEUM HAD APPROXIMATELY 3,000...

COLLECT, PRESERVE, EXHIBIT AND INTERPRET THE HISTORY OF VASHON AND MAURY ISLANDS. PROGRAMS SEEK TO ENGAGE, EDUCATE, AND INSPIRE THE ISLAND COMMUNITY. IN 2024 THE MUSEUM HAD APPROXIMATELY 3,000 VISITORS.

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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 $437,298

Program Service Revenue $0

Investment Income $-131

Other Revenue $-30,044

TOTAL REVENUE $407,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,939

Fundraising Expenses $0

Program Expenses $140,637

Other Expenses $171,638

TOTAL EXPENSES $336,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,123	$388,849	+0.0%
Expenses	$336,577	$326,861	+0.0%
Net Income	$70,546	$61,988	+0.1%

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

$77,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETTA STIMSON	EXECUTIVE DI	40.00	Officer	$45,500	$0	$45,500
ELSA CROONQUIST	FORMER EXEC.	40.00	Officer	$32,083	$0	$32,083
JIM ROY	TRUSTEE	4.00	Director	$0	$0	$0
GLENN GRAY	TRUSTEE	4.00	Director	$0	$0	$0
LAURIE TUCKER	TRUSTEE	16.00	Director	$0	$0	$0
TOM LANGLAND	TRUSTEE	4.00	Director	$0	$0	$0
SHARON BRISKMAN	TRUSTEE	4.00	Director	$0	$0	$0
BOB KATICA	TRUSTEE	4.00	Director	$0	$0	$0
KIM KAMBAK	TRUSTEE	4.00	Director	$0	$0	$0
CHRIS AUSTIN	TRUSTEE	4.00	Director	$0	$0	$0
JENNY MCMURDO	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL SUDDUTH	TRUSTEE	4.00	Director	$0	$0	$0
BRUCE HAULMAN	PRESIDENT	30.00	Officer Director	$0	$0	$0
SUE HARDY	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
MARC COTE	TREASURER	N/A	Officer Director	$0	$0	$0
ALEXANDRA SEAMAN	SECRETARY	4.00	Officer 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
2024	$407,123	$336,577	$1,083,537	$70,546
2023	$388,849	$326,861	$1,013,004	$61,988
2022	$220,745	$232,453	$947,148	$-11,708
2022	$200,654	$232,453	$927,057	$-31,799
2021	$181,026	$204,876	$957,640	$-23,850
2020	$177,100	$145,359	$982,018	$31,741
2019	$162,984	$212,850	$954,517	$-49,866
2018	$135,027	$115,196	$1,008,565	$19,831

VASHON-MAURY ISLAND HERITAGE ASSOCIATION