PBY MEMORIAL FOUNDATION

EIN: 911959959 501(c)(3) Arts, Culture & Humanities

OAK HARBOR, WA

Total Revenue
$889,166
Total Expenses
$401,829
Total Assets
$6,991,444
Net Assets
$3,175,564
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
WA
Principal Officer
JOHN SOLIN
Phone
3602409500
Tax Period
2024-01-01 to 2024-12-31

PBY MEMORIAL FOUNDATION, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $889K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $487K, a strong 55% operating margin.

Mission

ORGANIZATIIONS MISSIONOUR MISSION IS TO COLLECT, PRESERVE ANDEXHIBIT ARTIFACTS THAT PROMOTE UNDERSTANDING OF THE HISTORY OF THE PBY AIRCRAFT AND ALL OTHER AIRCRAFT FLOWN FROM NAS WHIDBEY AS WELL AS THE UNIQUE NAVY-CIVILIAN COMMUNITY RELATIONSHIPS ON WHIDBEY ISLAND.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $805,283
Program Service Revenue $30,577
Investment Income $21,434
Other Revenue $31,872
TOTAL REVENUE $889,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $146,770
Fundraising Expenses $4,030
Program Expenses $352,983
Other Expenses $255,059
TOTAL EXPENSES $401,829

Year-over-Year Comparison

2024 2023 Change
Revenue $889,166 $1,338,334 -0.3%
Expenses $401,829 $329,165 +0.2%
Net Income $487,337 $1,009,169 -0.5%
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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Governance

Voting Members
13
Independent Members
13
Employees
4
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HUGHES SECRETARY 005.00
Officer Director
$0 $0 $0
JOHN J SOLIN TREASURER 005.00
Officer Director
$0 $0 $0
WAYNE CRIDER CHAIRMAN 005.00
Director
$0 $0 $0
HEIDE STEFANYSHYN-PIPER BOARD MEMBER 002.00
Director
$0 $0 $0
JUDY LEWIS PRESIDENT 005.00
Officer Director
$0 $0 $0
LARRY DUCKERT BOARD MEMBER 002.00
Director
$0 $0 $0
KEVIN DRESKER BOARD MEMBER 002.00
Director
$0 $0 $0
ROBERT E SMITH BOARD MEMBER 005.00
Director
$0 $0 $0
JOHN LOVE BOARD MEMBER 002.00
Director
$0 $0 $0
FAISAL JASWAL BOARD MEMBER 002.00
Director
$0 $0 $0
TOM WAYNE BOARD MEMBER 002.00
Director
$0 $0 $0
LELAND HUTCHINS BOARD MEMBER 002.00
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
2025 No data No data No data No data
2024 $889,166 $401,829 $6,991,444 $487,337
2023 $1,338,334 $329,165 $4,088,345 $1,009,169
2022 $765,589 $215,779 $1,993,299 $549,810
2021 $315,383 $177,743 $1,198,202 $137,640
2020 $220,457 $187,659 $1,057,588 $32,798
2019 $179,185 $172,089 $934,348 $7,096
2018 $198,632 $215,418 $880,097 $-16,786
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