Port Hadlock, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Northwest School of Wooden Boatbuilding, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $840K, a strong 30% operating margin.
The Northwest School of Wooden Boatbuilding (NWSWB) is a post-secondary trade school that teaches craftmanship through boatbuilding at its 7-acre campus in Port-Hadlock, Washington. Incorporated as a non-profit corporation 40 years ago, the school has taught over 1,700 graduates the skills required to build and maintain both traditional and contemporary wooden boats, and in 2018 launched its new program to teach marine systems for marine technicians. The school fulfills three overarching goals as defined in its strategic plan: (1) providing quality education and job readiness (2) preserving and teaching craftsmanship (3) bringing vitality to our local community. NWSWB works closely with the boatbuilding industry to ensure that skills taught are relevant to current needs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,842,414 | $2,306,100 | +0.2% |
| Expenses | $2,002,377 | $2,058,736 | 0.0% |
| Net Income | $840,037 | $247,364 | +2.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Sonja Mathews | President | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kathleen Brtooker | Vice President | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Bob Hartman | Secretary | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Richard Schwarz | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jane Guiltinan | Board Member | 3.00 |
Director
|
$0 | $0 | $0 |
| Stephen Gale | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Lynn Schwarz | Board Member | 3.00 |
Director
|
$0 | $0 | $0 |
| Linda Newland | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Angela Hewitson | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Betsy Davis | Executive Director | 40.00 |
Officer
|
$65,884 | $11,956 | $77,840 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,842,414 | $2,002,377 | $7,796,764 | $840,037 |
| 2023 | $2,306,100 | $2,058,736 | $7,071,287 | $247,364 |
| 2022 | $2,088,236 | $1,914,243 | $5,425,312 | $173,993 |
| 2021 | $1,959,600 | $1,533,075 | $5,019,309 | $426,525 |
| 2020 | $2,242,521 | $1,311,232 | $4,779,144 | $931,289 |
| 2019 | $1,877,487 | $1,520,600 | $3,528,258 | $356,887 |
| 2018 | $1,538,144 | $1,536,019 | $2,944,598 | $2,125 |
Compare Northwest School of Wooden Boatbuilding with other nonprofits in Washington and across the country.