PROPELLER CLUB OF THE UNITED STATES - PORT OF TACOMA

EIN: 916055130

TACOMA, WA

Total Revenue
$253,015
Total Expenses
$207,109
Total Assets
$400,988
Net Assets
$400,988
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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
1936
Legal Domicile
WA
Principal Officer
ROCKNEY NIGRETTO
Phone
2536270671
Tax Period
2023-01-01 to 2023-12-31

PROPELLER CLUB OF THE UNITED STATES - PORT OF TACOMA, founded in 1936, is a small nonprofit that reported $253K in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 18% operating margin.

Mission

FURTHERANCE OF THE MERCHANT MARINES ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $207,109 Revenue: $13,464

THE PROPELLER CLUB IS A MEMBERSHIP ORGANIZATION THAT BRINGS TOGETHER ITS 219 MEMBERS TO SUPPORT THE MARITIME INDUSTRY. MEMBERS ARE PROVIDED WITH INFORMATION AND EDUCATION. THE INDUSTRY'S PUBLIC IMAGE...

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THE PROPELLER CLUB IS A MEMBERSHIP ORGANIZATION THAT BRINGS TOGETHER ITS 219 MEMBERS TO SUPPORT THE MARITIME INDUSTRY. MEMBERS ARE PROVIDED WITH INFORMATION AND EDUCATION. THE INDUSTRY'S PUBLIC IMAGE IS IMPROVED THROUGH EDUCATION CAMPAIGNS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $221,632
Program Service Revenue $0
Investment Income $17,919
Other Revenue $13,464
TOTAL REVENUE $253,015

Expense Breakdown

Grants Paid $17,868
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $207,109
Other Expenses $189,241
TOTAL EXPENSES $207,109

Year-over-Year Comparison

2023 2022 Change
Revenue $253,015 $115,968 +1.2%
Expenses $207,109 $134,054 +0.5%
Net Income $45,906 $-18,086 -3.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
190

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
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROCKNEY NIGRETTO TREASURER 15.00
Officer Director
$0 $0 $0
TOM ROGERS DIRECTOR 1.00
Director
$0 $0 $0
LAURIE BECK PRESIDENT 5.00
Officer Director
$0 $0 $0
MIKE WEINMAN DIRECTOR 1.00
Director
$0 $0 $0
ANISSA STELLA SECRETARY 5.00
Officer Director
$0 $0 $0
TODD VINCENT IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
KARINA MARTIJA-HARRIS DIRECTOR 1.00
Director
$0 $0 $0
SARAH SCHERER DIRECTOR 1.00
Director
$0 $0 $0
NICK NICKOLAS DIRECTOR 1.00
Director
$0 $0 $0
CANDY NIGRETTO EXECUTIVE DIRECTOR 20.00
Officer Director
$0 $0 $0
CHRIS SCHENK DIRECTOR 1.00
Director
$0 $0 $0
TERRY VELASCO DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $253,015 $207,109 $400,988 $45,906
2019 $84,936 $68,677 $379,628 $16,259
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