Northwest Maritime Advisory Services dba Marine Exchange of Puget Sound (EIN 911125021) - 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

1980

Legal Domicile

Principal Officer

Patrick J Gallagher

Phone

2064487557

Tax Period

2024-01-01 to 2024-12-31

Northwest Maritime Advisory Services dba Marine Exchange of Puget Sound, founded in 1980, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

MONITORING, COORDINATING, COMMUNICATING, ASSISTING AND REPORTING DATA FOR VESSELS ASSOCIATIONS IN THE MARITIME INDUSTRY

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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 $0

Program Service Revenue $1,563,638

Investment Income $14,531

Other Revenue $-7,846

TOTAL REVENUE $1,570,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,193,086

Fundraising Expenses $0

Other Expenses $459,335

TOTAL EXPENSES $1,652,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,570,323	$1,394,752	+0.1%
Expenses	$1,652,421	$1,498,396	+0.1%
Net Income	$-82,098	$-103,644	-0.2%

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

N/A

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

$130,971

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick J Gallagher	Executive Dir.	40.00	Officer	$130,971	$0	$130,971
Cynthia E Reed	Acting Secretary/Treasurer	40.00		$127,809	$0	$127,809
Joseph Tabisola	Director	2.00	Director	$0	$0	$0
John Fife	Director	2.00	Director	$0	$0	$0
Jim Peschel	Director	2.00	Director	$0	$0	$0
John Lockwood	Director	2.00	Director	$0	$0	$0
Randy Click	President	10.00	Officer Director	$0	$0	$0
Berit Erickson	Director	2.00	Director	$0	$0	$0
Jack Harmon	Vice President	2.00	Officer Director	$0	$0	$0
Kevin King	Director	2.00	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	$1,570,323	$1,652,421	$686,238	$-82,098
2023	$1,394,781	$1,498,396	$768,673	$-103,615
2022	$1,345,245	$1,232,528	$869,496	$112,717
2021	$1,229,720	$1,163,799	$748,144	$65,921
2020	$1,152,843	$1,261,172	$541,014	$-108,329

Northwest Maritime Advisory Services dba Marine Exchange of Puget Sound