Schooner Martha Foundation
Nonprofit profile at a glance
- EIN
- 911785967
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- Seattle, WA, USA
- Phone
- 3477468851
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $106,046
- Expenses
- $36,813
- Assets
- $307,570
- Liabilities
- $1,200
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- ROBERT D'ARCY (EXECUTIVE DIRECTOR)
- SONIA FROJEN (BOARD PRESIDENT)
People named in this filing
- ROBERT D'ARCY (EXECUTIVE DIRECTOR)
- SONIA FROJEN (BOARD PRESIDENT)
- CHRISTOPHER HANKE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Sail training, restoration and maintenance
What it reported doing in 2025
Restore, operate and maintain the historic yacht schooner martha. In '25/'26, an estimated 700 people interacted with the schooner martha at boat shows, regattas and yacht races.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 100
- Sustainability: 86
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 34.5%; rating input score 34
- Program expense ratio: 99.3%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 65.3%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 8.35; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -20.5% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 1.2% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 34.5% of revenue deployed · 99.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $37K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.