SALISH SEA EXPENDITIONS (EIN 911688662) - 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

1994

Legal Domicile

Principal Officer

LYNN TERWOERDS

Phone

3603853628

Tax Period

2023-01-01 to 2023-12-31

SALISH SEA EXPENDITIONS, founded in 1994, is a small nonprofit that reported $151K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring.

Mission

MULTI-DAY SCIENCE RESEARCH TRIPS ABOARD A 160' SAILING VESSEL AND A 40' MOTORIZED RESEARCH VESSEL, AND EXTENDED ONSHORE WATERSHED RESEARCH PROJECTS FOR MIDDLE AND HIGH SCHOOL STUDENTS IN THE PUGET SOUND REGION. ALSO PROGRAMS FOR TEACHERS TO INTRODUCE THE INQUIRY-BASED MODEL OF SCIENCE EDUCATION.

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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 $0

Program Service Revenue $150,576

Investment Income $0

Other Revenue $0

TOTAL REVENUE $150,576

Expense Breakdown

Grants Paid $11,623

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,576

Other Expenses $138,953

TOTAL EXPENSES $150,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,576	$408,238	-0.6%
Expenses	$150,576	$408,238	-0.6%
Net Income	$0	$0	N/A

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

N/A

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
PETER GEERLOFS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK BUNZEL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE JONES JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
CAITLIN OLMSTED	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY GOETZ SHULER	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART MORK	BOARD MEMBER	1.00	Director	$0	$0	$0
HARIUM MARTIN-MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LEEANNE SCHIRATO	SECRETARY	2.00	Officer Director	$0	$0	$0
KIRSTIN SANDAAS	TREASURER	2.00	Officer Director	$0	$0	$0
ALYSSA MOIR	BOARD MEMBER	1.00	Director	$0	$0	$0
RON MOLLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT VOKEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KRIS MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE OLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN TERWOERDS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEANNE GOUSSEV	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH SCHERER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL HAWKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN SIMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LUKE STRONG-SVETICH	BOARD MEMBER	1.00	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
2023	$150,576	$150,576	No data	No data
2022	$408,238	$408,238	No data	No data
2021	$133,315	$133,315	No data	No data
2020	$172,177	$172,177	No data	No data
2019	$317,138	$503,880	No data	$-186,742
2018	$364,780	$621,422	$660,481	$-256,642

SALISH SEA EXPENDITIONS