BREMERTON SERVICES ASSOCIATION

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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

1983

Legal Domicile

Principal Officer

DEBORAH P HORN

Phone

3603778511

Tax Period

2023-01-01 to 2023-12-31

BREMERTON SERVICES ASSOCIATION, founded in 1983, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 4% surplus.

Mission

TO PROVIDE MEALS AND OTHER NUTRITION AND SOCIAL SERVICES TO OLDER PERSONS TO MAINTAIN AND IMPROVE THEIR HEALTH AND SUPPORT THEIR INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $336,098

THE SERVICE OF NUTRITIOUS MEALS AT VARIOUS MEAL SITES THROUGHOUT KITSAP COUNTY.

Program 2

Expenses: $546,773

HOME DELIVERED NUTRITIOUS MEALS TO HOMEBOUND PERSONS DUE TO ILLNESS OR DISABILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,048,803

Program Service Revenue $0

Investment Income $13,127

Other Revenue $19,083

TOTAL REVENUE $1,081,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,752

Fundraising Expenses $31,050

Program Expenses $882,871

Other Expenses $745,698

TOTAL EXPENSES $1,042,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,081,013	$944,723	+0.1%
Expenses	$1,042,450	$969,900	+0.1%
Net Income	$38,563	$-25,177	-2.5%

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

130

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
JOHN BOWER	PRESIDENT	3.00	Officer Director	$0	$0	$0
RUSS SHIPLET	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
AMY WEISSMAN	SECRETARY	3.00	Officer Director	$0	$0	$0
BERT RINDERLE	TREASURER	3.00	Officer Director	$0	$0	$0
MARILU AGANON	DIRECTOR	2.00	Director	$0	$0	$0
NANCY DOYLE	DIRECTOR	2.00	Director	$0	$0	$0
SUE VAN WINKLE-KATHAN	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	No data	No data	No data	No data
2023	$1,081,013	$1,042,450	$1,178,281	$38,563
2022	$944,723	$969,900	$1,180,652	$-25,177
2021	$1,005,982	$822,849	$1,153,475	$183,133
2020	$1,281,995	$808,112	$1,021,680	$473,883
2019	$766,437	$700,394	$541,069	$66,043
2018	$731,550	$676,648	$415,477	$54,902