PACIFIC MARINE RESEARCH

EIN: 911271685 501(c)(3)

Seattle, WA

Total Revenue
$43,195
Total Expenses
$95,284
Total Assets
$127,449
Net Assets
$107,802
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
WA
Principal Officer
Patrick Maxwell
Phone
2063611919
Tax Period
2020-01-01 to 2020-12-31

PACIFIC MARINE RESEARCH, founded in 1984, is a micro nonprofit that reported $43K in total revenue in fiscal year 2020. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 121% operating deficit.

Mission

The organization's mission is to promote respect and appreciation for Puget Sound by teaching principles of environmental stewardship and inspire observation of and involvement with Puget Sound. Through its Marine Science Afloat program, it is dedicated to furthering people's understanding of and connection to Puget Sound and its watershed.

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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 (2020)

Revenue Breakdown

Contributions & Grants $43,195
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $43,195

Expense Breakdown

Grants Paid $0
Salaries & Benefits $70,615
Fundraising Expenses $0
Program Expenses $40,152
Other Expenses $24,669
TOTAL EXPENSES $95,284

Year-over-Year Comparison

2020 2019 Change
Revenue $43,195 $205,681 -0.8%
Expenses $95,284 $198,644 -0.5%
Net Income $-52,089 $7,037 -8.4%
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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Governance

Voting Members
6
Independent Members
5
Employees
5
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
1
$27,500
Total Directors
6
$27,500
Key Employees
1
$27,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patrick Maxwell President/Executive Director 10.00
Officer Director Key Emp Highest
$27,500 $0 $27,500
Sarah Mathisen Secretary/Treasurer 6
Director
$0 $0 $0
Shelly Hall Vice President 4
Director
$0 $0 $0
Kathryn Pizzo Director 3
Director
$0 $0 $0
David Todd Director 2
Director
$0 $0 $0
Rose Donner Director 1
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
2020 $43,195 $95,284 $127,449 $-52,089
2019 $205,681 $198,644 $161,020 $7,037
2018 $212,936 $153,543 $156,008 $59,393
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