GRAYS HARBOR HISTORICAL SEAPORT AUTHORITY (EIN 911357638) - 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

1987

Legal Domicile

Principal Officer

BRANDI BEDNARIK

Phone

3605328611

Tax Period

2023-01-01 to 2023-12-31

GRAYS HARBOR HISTORICAL SEAPORT AUTHORITY, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $951K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 26% operating deficit.

Mission

The organization owns one tall ship named the Lady Washington. The ship offers sails in Washington, Oregon, and California, providing people the opportunity to experience sailing on an 18th century ship.

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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 $526,985

Program Service Revenue $282,322

Investment Income $157

Other Revenue $141,297

TOTAL REVENUE $950,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,158

Fundraising Expenses $312,288

Program Expenses $755,767

Other Expenses $718,682

TOTAL EXPENSES $1,201,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$950,761	$1,453,813	-0.3%
Expenses	$1,201,840	$960,874	+0.3%
Net Income	$-251,079	$492,939	-1.5%

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

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

$88,643

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN HENDERSON	Director	1.00	Director	$79,477	$9,166	$88,643
DENVER ROBBINS	Director	1.00	Director	$0	$0	$0
DAVID DOUGLASS	President	1.00	Officer Director	$0	$0	$0
JAMIE NICHOLS	Director	1.00	Director	$0	$0	$0
SCOTT REYNVAAN	Director	1.00	Director	$0	$0	$0
TIM HOWDEN	Treasurer	1.00	Officer Director	$0	$0	$0
SARAH LITTLE	Vice President	1.00	Officer Director	$0	$0	$0
REGINA HANEY	Director	1.00	Director	$0	$0	$0
TIESA MESKIS	Secretary	1.00	Director	$0	$0	$0
JULIE MESKIS	Director	1.00	Director	$0	$0	$0
BAILEY CAVENDER	Director	1.00	Director	$0	$0	$0
LIZ ELLIS	Secretary	1.00	Officer Director	$0	$0	$0
BRANDI BEDNARIK	Executive Dir.	40.00	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	No data	No data	No data	No data
2023	$950,761	$1,201,840	$5,306,706	$-251,079
2022	$1,453,813	$960,874	$5,396,994	$492,939
2021	$1,195,810	$831,496	$4,901,572	$364,314
2020	$1,208,761	$1,090,371	$4,992,387	$118,390
2019	$1,498,948	$1,611,836	$4,912,195	$-112,888
2018	$1,737,136	$1,942,225	$4,753,105	$-205,089

GRAYS HARBOR HISTORICAL SEAPORT AUTHORITY