Pacific Marine Foundation Inc (EIN 911753489) - 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

1996

Legal Domicile

Principal Officer

David Wallace

Phone

2062253360

Tax Period

2023-08-01 to 2024-07-31

Pacific Marine Foundation Inc, founded in 1996, is a small nonprofit in the Religion sector that reported $257K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $225K left a modest 12% surplus.

Mission

The organization raises funds to support educational and community based charitable organizations.

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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 $314,718

Program Service Revenue $0

Investment Income $0

Other Revenue $-57,500

TOTAL REVENUE $257,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,562

Fundraising Expenses $9,313

Program Expenses $202,117

Other Expenses $114,652

TOTAL EXPENSES $225,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,218	$392,407	-0.3%
Expenses	$225,214	$309,449	-0.3%
Net Income	$32,004	$82,958	-0.6%

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

N/A

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

$102,705

Total Directors

$102,705

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Wallace	President	40.00	Officer Director	$67,816	$0	$67,816
Richard Wallace	Officer	40.00	Officer Director	$34,889	$0	$34,889
Eric Wallace	Officer	20.00	Officer 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	$257,218	$225,214	$1,257,274	$32,004
2023	$392,407	$309,449	$1,093,026	$82,958
2022	$106,855	$318,941	$888,408	$-212,086
2021	$393,694	$220,493	$1,134,008	$173,201
2020	$482,830	$225,487	$990,569	$257,343
2019	$259,249	$244,471	$756,065	$14,778
2018	$-45,964	$264,459	$709,850	$-310,423

Pacific Marine Foundation Inc