WOODEN BOAT FOUNDATION (EIN 911031359) - 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

1978

Legal Domicile

Principal Officer

LYNN TERWOERDS

Phone

3603853628

Tax Period

2024-01-01 to 2024-12-31

WOODEN BOAT FOUNDATION, founded in 1978, is a small nonprofit in the Recreation & Sports sector that reported $598K in total revenue in fiscal year 2024.

Mission

THE WOODEN BOAT FOUNDATION CELEBRATES AND PRESERVES TRADITIONAL MARITIME SKILLS, HERITAGE, AND CULTURE THROUGH (A) PRESENTATION OF EDUCATIONAL EVENTS, REGATTAS, WORKSHOPS AND SEMINARS ABOUT WOODEN BOATS, (B) PRODUCTION OF THE ANNUAL WOODEN BOATS FESTIVAL (C) SUPPORTING THE PHYSICAL RESTORATION OR WOODEN BOATS, INCLUDING THE DOCUMENTATION AND LEARNING OPPORTUNITIES INVOLVED WITH THE RESTORATION PROJECTS.

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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 $127,933

Program Service Revenue $436,142

Investment Income $0

Other Revenue $34,405

TOTAL REVENUE $598,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $598,480

Other Expenses $598,480

TOTAL EXPENSES $598,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$598,480	$556,635	+0.1%
Expenses	$598,480	$556,635	+0.1%
Net Income	$0	$0	N/A

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

N/A

Volunteers

546

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
STEPHEN OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
KRIS MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
PETER GEERLOFS	DIRECTOR	1.00	Director	$0	$0	$0
ALEX ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
SALLY GOETZ SHULER	DIRECTOR	1.00	Director	$0	$0	$0
MARK BUNZEL	DIRECTOR	1.00	Director	$0	$0	$0
STUART MORK	DIRECTOR	1.00	Director	$0	$0	$0
HARIUM MARTIN-MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE JONES	DIRECTOR	1.00	Director	$0	$0	$0
KIRSTIN SANDAAS	TREASURER	2.00	Officer Director	$0	$0	$0
ALYSSA MOIR	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT VOKEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNN TERWOERDS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LEEANNE SCHIRATO	SECRETARY	2.00	Officer Director	$0	$0	$0
CAITLIN OLMSTED	DIRECTOR	1.00	Director	$0	$0	$0
RON MOLLER	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE GOUSSEV	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SCHERER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
LUKE STRONG-SVETICH	DIRECTOR	1.00	Director	$0	$0	$0
DAVE MEDD	DIRECTOR	1.00	Director	$0	$0	$0
ALETIA ALVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
MARK GRANTOR	DIRECTOR	1.00	Director	$0	$0	$0
PETER RONEY	DIRECTOR	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
2024	$598,480	$598,480	No data	No data
2023	$556,635	$556,635	No data	No data
2022	$447,810	$447,810	No data	No data
2021	$252,443	$252,443	No data	No data
2020	$294,130	$294,130	No data	No data
2019	$457,000	$457,000	No data	No data
2018	$400,279	$400,279	No data	No data

WOODEN BOAT FOUNDATION