SOUTH SOUND MARITIME HERITAGE ASSOCIATION (EIN 910984986) - 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

1989

Legal Domicile

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.

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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 $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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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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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

SOUTH SOUND MARITIME HERITAGE ASSOCIATION