NORTHWEST MARITIME CENTER (EIN 911931643) - 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

1999

Legal Domicile

Principal Officer

STEPHEN OLIVER

Phone

3603853628

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST MARITIME CENTER, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $17.9M represent 33 months of operating reserves.

Mission

OUR MISSION: THE MISSION OF THE NORTHWEST MARITIME CENTER IS TO ENGAGE AND EDUCATE PEOPLE OF ALL GENERATIONS IN TRADITIONAL AND CONTEMPORARY MARITIME LIFE, IN A SPIRIT OF ADVENTURE AND DISCOVERY.WHO WE ARE: AT OUR CORE WE USE POWERFUL MARITIME EXPERIENCES TO EDUCATE, INSPIRE PEOPLE TO ADVENTURE, AND CELEBRATE OUR MARITIME CULTURE. WE DO IT FOR OUR OWN LOVE OF BOATS, IN SERVICE TO OUR COMMUNITY AND MARITIME INDUSTRY, BUT MOSTLY BECAUSE REGARDLESS OF THE SUBJECT, THE SEA IS THE MOST POWERFUL TEACHER WE KNOW.

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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 $3,849,765

Program Service Revenue $1,426,192

Investment Income $46,422

Other Revenue $1,218,577

TOTAL REVENUE $6,540,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,369,419

Fundraising Expenses $520,408

Program Expenses $5,562,743

Other Expenses $2,821,599

TOTAL EXPENSES $7,191,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,540,956	$6,024,513	+0.1%
Expenses	$7,191,018	$6,658,707	+0.1%
Net Income	$-650,062	$-634,194	+0.0%

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

126

Volunteers

619

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

$312,467

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
SALLY GOETZ SHULER	DIRECTOR	1.00	Director	$0	$0	$0
PETER GEERLOFS	DIRECTOR	1.00	Director	$0	$0	$0
LEEANNE SCHIRATO	SECRETARY	2.00	Officer Director	$0	$0	$0
ALEX ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MARK BUNZEL	DIRECTOR	1.00	Director	$0	$0	$0
HARIUM MARTIN-MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA MOIR	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN SANDAAS	TREASURER	2.00	Officer Director	$0	$0	$0
KRIS MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT VOKEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNN TERWOERDS	PRESIDENT	7.00	Officer Director	$0	$0	$0
JEANNE GOUSSEV	DIRECTOR	1.00	Director	$0	$0	$0
RON MOLLER	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE JONES	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN OLMSTED	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SCHERER	DIRECTOR	1.00	Director	$0	$0	$0
STUART MORK	DIRECTOR	1.00	Director	$0	$0	$0
LUKE STRONG-SVETICH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN JOHNSTON	FINANCE DIRECTOR	40.00	Officer	$110,469	$14,306	$124,775
JAKE BEATTIE	EXECUTIVE DIRECTOR	40.00	Officer	$177,175	$10,517	$187,692

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	$6,540,956	$7,191,018	$20,425,993	$-650,062
2022	$6,024,513	$6,658,707	$21,709,044	$-634,194
2021	$9,184,031	$4,315,694	$21,051,564	$4,868,337
2020	$2,349,271	$2,949,498	$15,135,573	$-600,227
2019	$4,437,976	$3,959,260	$15,826,602	$478,716
2018	$1,466,360	$2,804,653	$15,000,905	$-1,338,293

NORTHWEST MARITIME CENTER