Washington State Maritime Cooperative (EIN 911688608) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

Cynthia E Reed

Phone

2064433830

Tax Period

2024-01-01 to 2024-12-31

Washington State Maritime Cooperative, founded in 1995, is a small nonprofit that reported $711K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $681K left a modest 4% surplus.

Mission

To Provide Oil Spill Contingency Planning in accordance with applicable law to vessels entering Washington State waters and to establish an oil spill emergency response system for Member's vessels transiting Washington State waters.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $701,088

Investment Income $9,450

Other Revenue $0

TOTAL REVENUE $710,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,349

Fundraising Expenses $0

Program Expenses $677,927

Other Expenses $472,943

TOTAL EXPENSES $681,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$710,538	$1,024,368	-0.3%
Expenses	$681,292	$1,029,234	-0.3%
Net Income	$29,246	$-4,866	-7.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Joe Bowles	Director	2.00	Director	$0	$0	$0
Richard Byran	Director	2.00	Director	$0	$0	$0
Mark Curtis	President	10.00	Officer Director	$0	$0	$0
Bryan Douglas	Director	2.00	Director	$0	$0	$0
Karen Hayes	Director	2.00	Director	$0	$0	$0
Erin Pierson	Director	2.00	Director	$0	$0	$0
Brett Lowe	Director	2.00	Director	$0	$0	$0
Peter Schrappen	Director	2.00	Director	$0	$0	$0
Ian Mantha	Director	2.00	Director	$0	$0	$0
Doug Owusu	Treasurer	2.00	Officer Director	$0	$0	$0
Cynthia E Reed	Executive/Sec.	10.00	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	$710,538	$681,292	$874,622	$29,246
2023	$1,024,368	$1,029,234	$849,369	$-4,866
2022	$787,614	$696,040	$859,587	$91,574
2021	$758,168	$683,747	$764,570	$74,421
2020	$598,322	$566,602	$683,934	$31,720

Washington State Maritime Cooperative