BREMERTON HISTORICAL SHIPS ASSOCIATION

EIN: 943086257 501(c)(3)

Bremerton, WA

Total Revenue
$573,965
Total Expenses
$519,128
Total Assets
$1,262,638
Net Assets
$1,252,941
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
WA
Principal Officer
John Hanson
Phone
3607922457
Tax Period
2024-01-01 to 2024-12-31

BREMERTON HISTORICAL SHIPS ASSOCIATION, founded in 1988, is a small nonprofit that reported $574K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $519K left a modest 10% surplus.

Mission

The Bremerton Historic Ships Association's primary purpose is to achieve heritage awareness, educational enhancement, memorial recognition, revitalization & economic development, and naval & maritime services recognition and appreciation.

Program Service Accomplishments

Program 1
Expenses: $482,644 Revenue: $489,136

The Bremerton Historic Ships Association's primary purpose is to achieve heritage awareness, educational enhancement, memorial recognition, revitalization & economic development, and naval & maritime...

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The Bremerton Historic Ships Association's primary purpose is to achieve heritage awareness, educational enhancement, memorial recognition, revitalization & economic development, and naval & maritime services recognition and appreciation. The organization preserves the historic vessel USS Turner Joy, and offers tours to the general public. Displays of historical artifacts are collected and preserved for the public's benefit. The organization also conducts educational events such as public speaking forums, hosts veteran groups to share their stories and experiences with the public, operates a gift shop with related maritime and commemorative items, and organizes various outreach programs for the general public, including STEM types of programs for school-aged children.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $84,829
Program Service Revenue $429,363
Investment Income $2,924
Other Revenue $56,849
TOTAL REVENUE $573,965

Expense Breakdown

Grants Paid $0
Salaries & Benefits $230,656
Fundraising Expenses $0
Program Expenses $482,644
Other Expenses $288,472
TOTAL EXPENSES $519,128

Year-over-Year Comparison

2024 2023 Change
Revenue $573,965 $504,503 +0.1%
Expenses $519,128 $472,430 +0.1%
Net Income $54,837 $32,073 +0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
9
Volunteers
50

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bill Bauer Director 2
Director
$0 $0 $0
John Hanson President 10
Officer Director
$0 $0 $0
Alan Hunter Director 2
Director
$0 $0 $0
Jerry McDonald Director 2
Director
$0 $0 $0
Walt Shuford Director 2
Director
$0 $0 $0
Jennifer Zuver Secretary-Treasurer 5
Officer Director
$0 $0 $0
Allison Falk Director 2
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 $573,965 $519,128 $1,262,638 $54,837
2023 $504,503 $472,430 $1,207,071 $32,073
2022 $495,704 $462,406 $1,179,609 $33,298
2021 $551,471 $357,341 $1,190,539 $194,130
2020 $100,480 $226,919 $980,277 $-126,439
2019 $439,476 $488,258 $1,067,286 $-48,782
2018 $576,224 $493,213 $1,105,041 $83,011
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