PUGET SOUND RESTORATION FUND

EIN: 911773965 501(c)(3) Environment

BAINBRIDGE ISLAND, WA

Total Revenue
$3,466,875
Total Expenses
$2,104,361
Total Assets
$4,138,661
Net Assets
$4,028,526
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
WA
Tax Period
2023-01-01 to 2023-12-31

PUGET SOUND RESTORATION FUND, founded in 1997, is a community nonprofit in the Environment sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 39% operating margin.

Mission

TO RESTORE HABITAT, WATER QUALITY AND NATIVE SPECIES IN THE PUGET SOUND

Program Service Accomplishments

Program 1
Expenses: $710,938

BULL KELP RESTORATION - CONTINUED DEVELOPING AND ADVANCING A SUITE OF CAPABILITIES TO RESPOND TO DECLINES IN OUR REGIONS KELP FORESTS. WITH A BROAD SET OF PARTNERS, WE HAVE BEEN TESTING ENHANCEMENT...

Read more

BULL KELP RESTORATION - CONTINUED DEVELOPING AND ADVANCING A SUITE OF CAPABILITIES TO RESPOND TO DECLINES IN OUR REGIONS KELP FORESTS. WITH A BROAD SET OF PARTNERS, WE HAVE BEEN TESTING ENHANCEMENT TECHNIQUES, ESTABLISHING KELP LAB FACILITIES, CREATING A KELP SEED BANK AS A LONG-TERM ARCHIVE OF GENETIC MATERIAL FROM OVER 20 KELP FORESTS IN PUGET SOUND, ESTABLISHING UNDERWATER MONITORING SITES, AND BEGINNING A GENETICS ASSESSMENT. SINCE 2020, PSRF HAS SUCCESSFULLY GROWN CANOPY KELP EACH YEAR FROM SEAFLOOR TO SURFACE AT DOE-KAG-WATS/PT. JEFFERSON IN CENTRAL PUGET SOUND IN PARTNERSHIP WITH THE SUQUAMISH TRIBE, NOAA, WASHINGTON STATE, AND OTHER PARTNERS.

Program 2
Expenses: $457,354

CONSERVATION HATCHERY - OPERATED A CONSERVATION HATCHERY ESTABLISHED WITH NOAA UNDER THE AUSPICES OF THE WASHINGTON SHELLFISH INITIATIVE. ESTABLISHED IN 2013, THE KENNETH K CHEW CENTER FOR SHELLFISH...

Read more

CONSERVATION HATCHERY - OPERATED A CONSERVATION HATCHERY ESTABLISHED WITH NOAA UNDER THE AUSPICES OF THE WASHINGTON SHELLFISH INITIATIVE. ESTABLISHED IN 2013, THE KENNETH K CHEW CENTER FOR SHELLFISH RESEARCH AND RESTORATION SERVES AS A HUB FOR PROPAGATING AND RESTORING NATIVE SPECIES AND DEVELOPING STRATEGIES TO MITGATE THE IMPACTS TO MARINE RESOURCES DUE TO OCEAN ACIDIFICATION. THE HATCHERY IS OPERATED BY PUGET SOUND RESTORATION FUND AT THE NOAAS MANCHESTER RESEARCH STATION IN MANCHESTER, WA THROUGH A COOPERATIVE RESEARCH AND DEVELOPMENT AGREEMENT. HATCHERY AND NURSERY OPERATIONS INCLUDED MAINTAINING MICROALGAE CULTURE, PRODUCING AND REARING OLYMPIA OYSTERS AND PINTO ABALONE FOR RESTORATION OUTPLANTS, PROPAGATING KELP SEED TO HELP REGROW KELP FORESTS, ADAPTIVELY MANAGING CONSERVATION PROTOCOLS TO ENSURE GENETIC DIVERSITY, AND CONDUCTING RESEARCH ON OCEAN ACIDIFICATION AND OTHER STRESSORS AFFECTING SHELLFISH POPULATIONS.

Program 3
Expenses: $237,534

ABALONE RECOVERY - CONTINUED MANAGING A PINTO ABALONE CONSERVATION BREEDING PROGRAM BY PRODUCING AND REARING GENETICALLY DIVERSE ABALONE IN THE HATCHERY AND THEN OUTPLANTING JUVENILE ABALONE AT...

Read more

ABALONE RECOVERY - CONTINUED MANAGING A PINTO ABALONE CONSERVATION BREEDING PROGRAM BY PRODUCING AND REARING GENETICALLY DIVERSE ABALONE IN THE HATCHERY AND THEN OUTPLANTING JUVENILE ABALONE AT RESTORATION SITES TO HELP RECOVER SEVERLY DEPRESSED ABALONE POPULATIONS IN WASHINGTON STATE. PINTO ABALONE HELP MAINTAIN HEALTHY SUBTIDAL ROCKY REEF HABITAT AND KELP FOREST ECOSYSTEMS BY GRAZING AND CLEARING ROCK SURFACES FOR SETTLEMENT BY OTHER ORGANISMS. THROUGH DECEMBER 2023, NEARLY 50,000 JUVENILE ABALONE HAVE BEEN INTRODUCED AT RESTORATION SITES IN THE SAN JUAN ARCHIPELAGO (SJA) THROUGH A LONG-TERM PARTNERSHIP WITH WASHINGTON DEPARTMENT OF FISH & WILDLIFE, NOAA, TRIBES, AND UNIVERSITIES. THE GOAL IS TO USE HEALTHY, GENETICALLY DIVERSE HATCHERY REARED JUVENILE ABALONE TO CREATE AGGREGATIONS IN THE WILD THAT DEVELOP INTO SUSTAINABLY REPRODUCING POPULATIONS. OUTPLANT DATA ANALYZED IN 2018 DOCUMENTED A 97% DECLINE IN THE POPULATION AT INDEX STATIONS 1994-2017.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,366,549
Program Service Revenue $0
Investment Income $14,378
Other Revenue $85,948
TOTAL REVENUE $3,466,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,373,314
Fundraising Expenses $26,242
Program Expenses $1,878,441
Other Expenses $731,047
TOTAL EXPENSES $2,104,361

Year-over-Year Comparison

2023 2022 Change
Revenue $3,466,875 $1,782,910 +0.9%
Expenses $2,104,361 $2,548,869 -0.2%
Net Income $1,362,514 $-765,959 -2.8%
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

Sign In

Governance

Voting Members
13
Independent Members
11
Employees
25
Volunteers
25

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
6
$308,189
Total Directors
13
$308,189
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH K PEABODY EXECUTIVE DIRECTOR 40.00
Officer Director
$182,344 $0 $182,344
JODIE TOFT DEPUTY DIRECTOR 40.00
Officer Director
$125,845 $0 $125,845
BRITTANY TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
WALT MCGRAW DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW CHOW DIRECTOR 1.00
Director
$0 $0 $0
DAVID HERRERA DIRECTOR 1.00
Director
$0 $0 $0
VICTOR STEINBRUECK DIRECTOR 1.00
Director
$0 $0 $0
MORGAN ROHRBACH DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH PETERS DIRECTOR 1.00
Director
$0 $0 $0
STEVE ANDERSON TREASURER 4.00
Officer Director
$0 $0 $0
MOLLY ADOLFSON VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
JAY MANNING PRESIDENT 4.00
Officer Director
$0 $0 $0
BILLY PLAUCHE SECRETARY 4.00
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 No data No data No data No data
2023 $3,466,875 $2,104,361 $4,138,661 $1,362,514
2022 $1,782,910 $2,548,869 $2,690,413 $-765,959
2021 $3,622,476 $1,652,747 $3,513,128 $1,969,729
2020 $1,725,248 $1,637,061 $1,521,412 $88,187
2019 $1,672,177 $1,698,086 $1,488,533 $-25,909
2019 $1,672,177 $1,698,086 $1,488,533 $-25,909
2018 $1,536,627 $1,263,203 $1,418,941 $273,424
Explore More Nonprofits
Top 100 Nonprofits in Washington Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PUGET SOUND RESTORATION FUND with other nonprofits in Washington and across the country.