VISIT KITSAP PENINSULA (EIN 911146544) - 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

1981

Principal Officer

PETE ORBEA

Phone

8003370580

Tax Period

2024-01-01 to 2024-12-31

VISIT KITSAP PENINSULA, founded in 1981, is a small nonprofit that reported $503K in total revenue in fiscal year 2024.

Mission

TO CREATE POSITIVE ECONOMIC GROWTH AND DEVELOPMENT ON THE KITSAP PENINSULA BY EFFECTIVELY MARKETING THE AREA AS A WORLD CLASS VISITOR DESTINATION. THROUGH EFFECTIVELY PROMOTING AND SUPPORTING TOURISM, THE ORGANIZATION HELPS SMALL BUSINESSES AND PROMOTES A BETTER QUALITY OF LIFE.

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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 $503,467

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $503,467

Expense Breakdown

Grants Paid $600

Salaries & Benefits $184,823

Fundraising Expenses $0

Other Expenses $313,990

TOTAL EXPENSES $499,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$503,467	$502,882	+0.0%
Expenses	$499,413	$491,551	+0.0%
Net Income	$4,054	$11,331	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE COCHRAN	TREASURER	N/A	Officer	$0	$0	$0
MONICA DOWNEN	VICE PRESIDE	N/A	Officer	$0	$0	$0
PETE ORBEA	PRESIDENT	N/A	Officer	$0	$0	$0
ALJOLYNN SPERBER	EXCUTIVE DIR	N/A	Officer	$0	$0	$0
MELISSA WHEELER	SECRETARY	N/A	Officer	$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	$503,467	$499,413	$113,915	$4,054
2023	$502,882	$491,551	$108,899	$11,331
2022	$531,571	$523,617	$115,299	$7,954
2021	$349,238	$396,356	$91,190	$-47,118
2020	$523,550	$475,424	$108,778	$48,126
2019	$496,918	$507,081	$57,100	$-10,163
2018	$437,745	$443,231	$74,082	$-5,486

VISIT KITSAP PENINSULA