CENTER FOR WOODEN BOATS (EIN 911061721) - 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

1976

Legal Domicile

Principal Officer

JOSHUA C ANDERSON

Phone

2063822628

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR WOODEN BOATS, founded in 1976, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2023. Net assets of $7.7M represent 49 months of operating reserves.

Mission

PROMOTES NORTHWEST MARITIME HERITAGE THROUGH EDUCATION, INTERPRETATION AND HANDS-ON EXPERIENCE.

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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 $960,796

Program Service Revenue $916,265

Investment Income $-28,375

Other Revenue $46,545

TOTAL REVENUE $1,895,231

Expense Breakdown

Grants Paid $16,670

Salaries & Benefits $1,114,522

Fundraising Expenses $199,112

Program Expenses $1,312,362

Other Expenses $853,567

TOTAL EXPENSES $1,984,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,895,231	$1,818,982	+0.0%
Expenses	$1,984,759	$1,780,787	+0.1%
Net Income	$-89,528	$38,195	-3.3%

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

872

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

$235,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAY GUSTAVES	PRESIDENT	6.00	Officer Director	$0	$0	$0
RACHEL GIBBS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RIAN MERRILL	TREASURER	1.00	Officer Director	$0	$0	$0
MARTY JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ELSIE HULSIZER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHNNY OHTA	BOARD MEMBER	1.00	Director	$0	$0	$0
EMIL ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDOLPH URSTROM	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE LANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
WALTER PLIMPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB CORSER	BOARD MEMBER	1.00	Director	$0	$0	$0
NED JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN L BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE SUSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
KEEGAN O'BRIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL GARCIA	DIRECTOR OF BUSINESS MGMT	40.00	Officer	$86,500	$14,659	$101,159
JOSHUA C ANDERSON	EXECUTIVE DIRECTOR	40.00	Officer	$125,000	$8,917	$133,917

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	$1,895,231	$1,984,759	$8,518,561	$-89,528
2022	$1,818,982	$1,780,787	$8,460,046	$38,195
2021	$1,921,411	$1,626,514	$8,484,783	$294,897
2020	$1,387,719	$1,409,471	$7,921,660	$-21,752
2019	$1,564,955	$1,645,401	$7,784,576	$-80,446
2018	$1,362,301	$1,427,890	$8,794,104	$-65,589

CENTER FOR WOODEN BOATS