PORT TOWNSEND MARINE SCIENCE CENTER

EIN: 911193699 501(c)(3) Science & Technology

PORT TOWNSEND, WA

Total Revenue
$1,062,757
Total Expenses
$1,085,570
Total Assets
$3,639,588
Net Assets
$1,887,951
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
WA
Principal Officer
DIANE QUINN
Phone
3603855582
Tax Period
2023-01-01 to 2023-12-31

PORT TOWNSEND MARINE SCIENCE CENTER, founded in 1982, is a community nonprofit in the Science & Technology sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE PORT TOWNSEND MARINE SCIENCE CENTER INSPIRES CONSERVATION OF THE SALISH SEA.

Program Service Accomplishments

Program 1
Expenses: $753,660 Revenue: $201,975

THE PORT TOWNSEND MARINE SCIENCE CENTER (PTMSC) ACHIEVES ITS MISSION BY ENGAGING WITH THE PUBLIC THROUGH THE AQUARIUM, MUSEUM, GALLERY, AND TRAVELING EXHIBITS IT CURATES, PARTICIPATING IN...

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THE PORT TOWNSEND MARINE SCIENCE CENTER (PTMSC) ACHIEVES ITS MISSION BY ENGAGING WITH THE PUBLIC THROUGH THE AQUARIUM, MUSEUM, GALLERY, AND TRAVELING EXHIBITS IT CURATES, PARTICIPATING IN COLLABORATIVE CITIZEN SCIENCE AND RESTORATION PROJECTS, COORDINATING COMMUNITY SUSTAINABILITY INITIATIVES, PROVIDING A SUITE OF K-12 EDUCATION EXPERIENCES AND RESOURCES, AND HOSTING AN ANNUAL CALENDAR OF PUBLIC PROGRAMS FOR THE COMMUNITY AND ONLINE. OVERALL, PTMSC SERVED MORE THAN 38,000 PEOPLE IN 2023, A GROWTH OF OVER 60% FROM 2022.IN AUGUST, 2023, PTMSC LED AN AMBITIOUS COMMUNITY COLLABORATION TO INSTALL AN EXHIBIT FEATURING A 42' BEAUTIFULLY ARTICULATED GRAY WHALE SKELETON ON UNION WHARF IN DOWNTOWN PORT TOWNSEND. SUMMER VOLUNTEERS MET WITH OVER 2,000 VISITORS TO INTERPRET THE SPECTACULAR EXHIBIT AND RAISE AWARENESS ABOUT THE GRAY WHALE POPULATION AND THE HEALTH OF THE SALISH SEA. AQUARIUM AND MUSEUM EXHIBITS IN FORT WORDEN STATE PARK WELCOMED 12,386 VISITORS IN 2023. OVER 12,000 PEOPLE VISITED THE DOWNTOWN LOCATION AT FLAGSHIP LANDING WHERE, THROUGHOUT THE YEAR, THE GALLERY HOSTED SEVERAL ORIGINAL EXHIBITS INCLUDING THE WALK-THROUGH BULL KELP EXHIBIT, ORCA: SHARED WATERS, SHARED HOME, AND THE WORKSPACE/EXHIBIT FOSSIL LAB. ADDITIONALLY, VISITORS PARTICIPATED IN UNIQUE PROGRAMMING SUCH AS MICROSCOPE FRIDAYS, AND AN ELEPHANT SEAL ARTICULATION EXPERIENCE, AND FOUND MARINE-THEMED BOOKS, CRAFTS, AND ARTWORK BY LOCAL ARTISTS IN THE STORE. SCHOOL PROGRAMS FOR PREK TO COLLEGE STUDENTS GREW IN 2023. A TOTAL OF 1,509 STUDENTS PARTICIPATED IN INDOOR LABS AND CLASSES, AND OUTDOOR FIELD EXPERIENCES. STAFF AND EDUCATION PROGRAM VOLUNTEERS ALSO BROUGHT LIVE PROGRAMMING AND COLLECTIONS RESOURCES TO AREA SCHOOLS WHO WERE UNABLE TO ARRANGE FIELD TRIPS. CRITICAL CITIZEN SCIENCE PROGRAMS SUCH AS THE MARINE MAMMAL STRANDING NETWORK, SOUND TOXINS, AND INTERTIDAL MONITORING ATTRACTED VOLUNTEERS AND SUPPORTERS. ADDITIONALLY, PTMSC WAS CONTRACTED TO TRAIN JEFFERSON AND CLALLAM COUNTY COMMUNITY MEMBERS TO IDENTIFY AND REPORT INVASIVE GREEN CRABS ALONG LOCAL SHORELINES. VOLUNTEERS ALSO PARTICIPATED IN SUCCESSFULLY RELOCATING SEALIFE FOR THE POINT HUDSON MARINA JETTY IMPROVEMENT PROJECT. SUSTAINABILITY INITIATIVES SUCH AS REPAIR EVENTS AND BEACH CLEAN UPS, AS WELL AS WILDLIFE CRUISES, LOW TIDE WALKS AND SUMMER CAMPS FILLED TO CAPACITY. THE FUTURE OF OCEANS LECTURE SERIES HOSTED 8 IN-PERSON PRESENTATIONS. THERE WERE OVER 7,000 PARTICIPANTS IN THESE AND OTHER PUBLIC PROGRAMS. WHEN NOT OPEN TO THE PUBLIC, THE AQUARIUM FACILITIES ALSO SUPPORT ONGOING CONSERVATION AND RESTORATION EFFORTS SUCH AS THE LARVAL DUNGENESS CRAB RESEARCH PROJECT AND THE PINTO ABALONE RESTORATION PROJECT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $880,866
Program Service Revenue $150,584
Investment Income $11,511
Other Revenue $19,796
TOTAL REVENUE $1,062,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $724,338
Fundraising Expenses $93,401
Program Expenses $753,660
Other Expenses $361,232
TOTAL EXPENSES $1,085,570

Year-over-Year Comparison

2023 2022 Change
Revenue $1,062,757 $937,489 +0.1%
Expenses $1,085,570 $1,042,493 +0.0%
Net Income $-22,813 $-105,004 -0.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
20
Volunteers
125

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
5
$84,251
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASSEN BOWMAN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JOHN MACKEY TREASURER 4.00
Officer Director
$0 $0 $0
DOUG ROGERS SECRETARY 1.00
Officer Director
$0 $0 $0
DIANE BAXTER PRESIDENT 8.00
Officer Director
$0 $0 $0
LINDA DACON BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE HENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
ROB WAMSTAD BOARD MEMBER 1.00
Director
$0 $0 $0
DIANE QUINN EXECUTIVE DIRECTOR 40.00
Officer
$74,930 $9,321 $84,251
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 $1,062,757 $1,085,570 $3,639,588 $-22,813
2022 $937,489 $1,042,493 $3,682,455 $-105,004
2021 $1,530,681 $768,310 $3,837,707 $762,371
2020 $690,694 $712,094 $1,314,110 $-21,400
2019 $927,126 $820,288 $1,462,108 $106,838
2018 $793,228 $753,098 $1,334,740 $40,130
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