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.
The 12-month Boatbuilding Associate of Occupational (AOS) Degree program offers a compact and comprehensive curriculum that takes time-tested traditional skills mixed with modern wood composite...
The 12-month Boatbuilding Associate of Occupational (AOS) Degree program offers a compact and comprehensive curriculum that takes time-tested traditional skills mixed with modern wood composite techniques to offer students the best program and get students into the workforce quickly. This hands-on training follows industry standards and techniques and provides effective and efficient boat building and woodworking techniques through a combination of hand and power tool use. Students learn while building a wide range of boat projects ranging from 8 to 36 feet, constructed through carvel, lapstrake, and composite construction techniques on power, sail, and row boats.
The 9-month Marine Systems Diploma program covers subjects integral to boat building and repair, such as electrical systems, electronics, corrosion, diesel engines, outboard motors, steering and...
The 9-month Marine Systems Diploma program covers subjects integral to boat building and repair, such as electrical systems, electronics, corrosion, diesel engines, outboard motors, steering and controls, propulsion, hydraulics, marine plumbing and marine HVAC. Modeled on competency-based training, students demonstrate the work as well as understand the theory behind it. The program is specifically designed with input from subject matter experts, focusing on skills that employees need in the workplace. The hands-on training follows CFR, ABYC, NFPA, ABS, and NMEA industry standards and relies heavily on safety and workmanship. In-field training happens on real boats of all construction types: wood, fiberglass, aluminum, and steel. The school also provides one-week Intensive courses in individual disciplines taught in the Marine Systems program.
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
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$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
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$0 | $0 | $0 |
| Lynn Schwarz | Board Member | 3.00 |
Director
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$0 | $0 | $0 |
| Linda Newland | Board Member | 1.00 |
Director
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$0 | $0 | $0 |
| Angela Hewitson | Board Member | 1.00 |
Director
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$0 | $0 | $0 |
| Betsy Davis | Executive Director | 40.00 |
Officer
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$65,884 | $11,956 | $77,840 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 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.