Westward Fleet Cooperative EIN 91-2025781

Westward Fleet Cooperative

EIN  91-2025781 Mutual-benefit / member-serving Renton, WA
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Size
$100K–1M
What they do
Allocates fishing rights to members for successful management.
Leadership
Marcus Alden · President
Money in and out
$319K revenue, $320K expenses
Bottom line
0% surplus margin

Allocates fishing rights to members for successful management. For fiscal year 2024 it reported $319K in revenue, $320K in expenses, and $260K in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$319K
Pt VIII · Ln 12
Total expenses
$320K
Pt IX · Ln 25
Net assets
$260K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$449
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$319K
FY2024
Expenses
$320K
FY2024▲ +2%
Total assets
$260K
FY2024▼ -53%
Total liabilities
$249
FY2024▼ -94%
Total revenue
$319K
Pt VIII · Ln 12
Total expenses
$320K
Pt IX · Ln 25
Net assets
$260K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$449
Total assetsPt X · Ln 16$260K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Successfully allocated fishing rights to members' vessels during the current year a-b seasons and kept fish landings within allocation limits.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWestward Fleet Cooperative
EINHdr · item D91-2025781
Principal addressHdr · item CRenton, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(5) · active
NTEE classificationIRS BMFFood & Agriculture (K26)
Ruling yearIRS BMFSep 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$319K
Total revenueLn 12$319K

Balance Sheet

Part X · end of year
CashLn 1$140K
Total assetsLn 16$260K
Total liabilitiesLn 26$249
Total net assetsLn 32$260K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $140K · Operating expenses/yr $320K
5.3 months
Where the money goes
Program services
Program services — · Total expenses $320K
Management & General
Management & general — · Total expenses $320K
Fundraising
Fundraising — · Total expenses $320K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $319K
0%
Government reliance
Government grants — · Total revenue $319K
Earned-income share
Program service revenue $319K · Total revenue $319K
100%
Investment reliance
Investment income $0 · Total revenue $319K
0%
Program self-sufficiency
Program service revenue $319K · Total expenses $320K
100%
Growth & trend
Revenue growth (YoY)
This year $319K · Prior year $0
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $201K · FY2024 $319K
+12%
Net-asset trend (YoY)
End of year $260K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $319K · Expenses $320K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $260K
Net-asset ratio
Net assets $260K · Total assets $260K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $260K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marcus Alden · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $320K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $320K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Legal fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$319K revenue · viewing · ⤓ 990 PDF
FY2023$0 revenue · ⤓ 990 PDF
FY2022$549K revenue · ⤓ 990 PDF
FY2021$292K revenue · ⤓ 990 PDF
FY2020$201K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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