THE STEAMER VIRGINIA V FOUNDATION

EIN: 910989160 501(c)(3) Arts, Culture & Humanities

Seattle, WA

Total Revenue
$633,001
Total Expenses
$558,426
Total Assets
$2,388,784
Net Assets
$2,201,547
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
WA
Principal Officer
Alicia Barnes
Phone
2066249119
Tax Period
2024-01-01 to 2024-12-31

THE STEAMER VIRGINIA V FOUNDATION, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $633K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $558K left a modest 12% surplus.

Mission

Restoration, preservation, operation, and interpretation of the National Historic Landmark vessel Steamer VIRGINIA V, the largest operational wooden passenger steamship in the United States. The vessel is used for public events, education programs, and private charters.

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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 (2024)

Revenue Breakdown

Contributions & Grants $379,003
Program Service Revenue $240,181
Investment Income $12,201
Other Revenue $1,616
TOTAL REVENUE $633,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,726
Fundraising Expenses $53,602
Program Expenses $450,899
Other Expenses $371,700
TOTAL EXPENSES $558,426

Year-over-Year Comparison

2024 2023 Change
Revenue $633,001 $459,979 +0.4%
Expenses $558,426 $537,389 +0.0%
Net Income $74,575 $-77,410 -2.0%
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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Governance

Voting Members
6
Independent Members
6
Employees
10
Volunteers
65

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
5
$96,634
Total Directors
8
$18,001
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alicia Barnes Executive Director (hired March 2023) 40
Officer
$78,633 $0 $78,633
Jeffrey Deren Vice President; Sec'y 12/14 into 2025 0.7
Officer Director
$18,001 $0 $18,001
Sterling MacKinnon Director 0.6
Director
$0 $0 $0
Grant Johnson Director thru 12/12/24 0.2
Director
$0 $0 $0
Peter Proctor Director 0.5
Director
$0 $0 $0
Brian Johnson Director 0.8
Director
$0 $0 $0
Garret Holt President thru 12/12/24 1.1
Officer Director
$0 $0 $0
Kyle Holt Secretary; Pres. eff 12/12/24 1.8
Officer Director
$0 $0 $0
David Allais Treasurer 0.8
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 $633,001 $558,426 $2,388,784 $74,575
2023 $459,979 $537,389 $2,380,749 $-77,410
2022 $1,138,537 $622,212 $2,513,331 $516,325
2021 $1,163,610 $701,237 $2,142,526 $462,373
2020 $374,528 $471,757 $1,396,838 $-97,229
2018 $489,539 $570,420 $1,708,799 $-80,881
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