WESTWARD FLEET COOPERATIVE

EIN: 912025781 Food, Agriculture & Nutrition

RENTON, WA

Total Revenue
$319,132
Total Expenses
$319,581
Total Assets
$260,443
Net Assets
$260,194
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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
WA
Principal Officer
MARCUS ALDEN
Phone
2063419996
Tax Period
2024-01-01 to 2024-12-31

WESTWARD FLEET COOPERATIVE, founded in 1999, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $319K in total revenue in fiscal year 2024.

Mission

THE MAIN PURPOSE OF THE COOPERATIVE IS SUCCESSFUL ALLOCATION OF FISHING RIGHTS TO ITS MEMBERS.

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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 $0
Program Service Revenue $319,132
Investment Income $0
Other Revenue $0
TOTAL REVENUE $319,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $319,581
TOTAL EXPENSES $319,581

Year-over-Year Comparison

2024 2023 Change
Revenue $319,132 N/A N/A
Expenses $319,581 N/A N/A
Net Income $-449 $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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCUS ALDEN PRESIDENT 6.50
Officer Director
$0 $0 $0
BOB DESAUTEL VICE PRESIDENT 6.50
Officer Director
$0 $0 $0
ELIZABETH REED TREASURER 2.50
Officer Director
$0 $0 $0
PHIL POWELL SECRETARY 6.50
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 $319,132 $319,581 $260,443 $-449
2022 $548,598 $312,952 $553,527 $235,646
2021 $292,373 $303,103 $313,809 $-10,730
2020 $201,359 $226,076 $366,894 $-24,717
2019 $329,556 $313,027 $440,786 $16,529
2018 $546,343 $267,860 $406,976 $278,483
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