SOUTH SOUND MARITIME HERITAGE ASSOCIATION

EIN: 910984986 501(c)(3)

OLYMPIA, WA

Total Revenue
$270,025
Total Expenses
$241,677
Total Assets
$125,397
Net Assets
$125,397
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
WA
Principal Officer
David Peeler
Phone
3609701063
Tax Period
2023-01-01 to 2023-12-31

SOUTH SOUND MARITIME HERITAGE ASSOCIATION, founded in 1989, is a small nonprofit that reported $270K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $242K left a modest 10% surplus.

Mission

Preserving maritime history of Olympia and Puget Sound in support of events, experiences, and historical displays in appreciation of vintage tugboats and maritime culture.

Program Service Accomplishments

Program 1
Expenses: $122,719 Revenue: $132,543

Olympia Harbor Days festival. South Sound Maritime Heritage Association received grants that reimbursed some expenses. South Sound Maritime Heritage Association did not make grants to others.

Program 2
Expenses: $33,632 Revenue: $11,843

Restoration and future exhibit of historical tugboat Parthia.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $393
Program Service Revenue $269,568
Investment Income $64
Other Revenue $0
TOTAL REVENUE $270,025

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $22,000
Program Expenses $156,351
Other Expenses $219,677
TOTAL EXPENSES $241,677

Year-over-Year Comparison

2023 2022 Change
Revenue $270,025 $226,380 +0.2%
Expenses $241,677 $177,321 +0.4%
Net Income $28,348 $49,059 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dave Peeler President 8
Officer Director
$0 $0 $0
Scott Schoch Vice President 2
Officer Director
$0 $0 $0
Loyd Long Treasurer 5
Officer Director
$0 $0 $0
Bob Peck Director 0.5
Director
$0 $0 $0
Karen Fraser Director 0.50
Director
$0 $0 $0
Chuck Fowler Director 2.0
Director
$0 $0 $0
Pat Eldridge Director 0.5
Director
$0 $0 $0
Rob Wohleb Director 0.5
Director
$0 $0 $0
Bill McGregor Director 1
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 No data No data No data No data
2023 $270,025 $241,677 $125,397 $28,348
2022 $226,380 $177,321 $97,049 $49,059
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