Port Townsend, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Sound Experience, founded in 1989, is a small nonprofit in the Science & Technology sector that reported $891K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 26% operating deficit.
Sound Experience sails the historic schooner Adventuress to educate, inspire and empower an inclusive community that works to improve our marine environment and celebrates our maritime heritage.
Sound Experience delivered day and overnight programs to some 650 children and teens - totaling more than 3,000 on-the-water learning hours - who came aboard the schooner Adventuress for "education...
Sound Experience delivered day and overnight programs to some 650 children and teens - totaling more than 3,000 on-the-water learning hours - who came aboard the schooner Adventuress for "education under sail" on Salish Sea ecology, STEM concepts, maritime skills and career exploration. Students participate in hands-on learning guided by 12 professional crewmembers/educators where they learn navigation, sail theory, safety practices and shipboard drills, how to stand anchor watch, and current issues affecting Puget Sound waterways, the Salish Sea and the world's oceans.
Sound Experience delivered the first year of a 3-year Youth Maritime Career Launch Program (YMCLP) in partnership with organizations including Urban League of Metropolitan Seattle and Maritime Blue...
Sound Experience delivered the first year of a 3-year Youth Maritime Career Launch Program (YMCLP) in partnership with organizations including Urban League of Metropolitan Seattle and Maritime Blue, and supported by the Port of Seattle. The program provided paid internship opportunities, training and experiences that connect teens and young adults ages 18-24 to permanent employment opportunities in the maritime industry. The program included more than 80 hours of on-the-water training and job shadowing to participating young people.
Sound Experience continued to expertly maintain its National Historic Landmark, U.S. Coast Guard commercially-licensed sailing ship Adventuress with regular maintenance. During the winter season, the...
Sound Experience continued to expertly maintain its National Historic Landmark, U.S. Coast Guard commercially-licensed sailing ship Adventuress with regular maintenance. During the winter season, the organization completed the final elements of the ship's restoration fabricating and returning the topmasts to the schooner Adventuress and adding lead ballast to the keel. Crew and volunteers participated in more than a thousand hours of routine maintenance.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $891,057 | $749,741 | +0.2% |
| Expenses | $1,119,353 | $1,141,245 | 0.0% |
| Net Income | $-228,296 | $-391,504 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Rusty Lhamon | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Julie Masura | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Joshua Berger | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Jim Congdon | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Jason Karas | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| David Jackson | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Dave Schoeggl | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Capt Jonathan Ward | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Henry Veldman | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michele Wolski | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael Hoffman | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Ken Greff | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Alex Tellez | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kathryn Noonan | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Satish Iyer | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Maggie Mallon | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Catherine Collins | Executive Director | 40.00 |
Officer
|
$93,600 | $0 | $93,600 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $891,057 | $1,119,353 | $1,519,378 | $-228,296 |
| 2022 | $749,741 | $1,141,245 | $1,721,694 | $-391,504 |
| 2021 | $687,272 | $849,895 | $1,995,987 | $-162,623 |
| 2020 | $564,966 | $878,580 | $2,116,816 | $-313,614 |
| 2019 | $1,020,508 | $911,035 | $2,378,950 | $109,473 |
| 2018 | $1,290,942 | $818,616 | $2,331,383 | $472,326 |
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