Civic Intelligence

Waverly Marina Association

990 • Fiscal year 2020 • EIN 93-1176482

Apr 01, 2019 to Mar 31, 2020 • Filed on Dec 10, 2020

Organization ProfileWWW.WAVERLYMARINA.ORG
PO Box 82008Portland, OR 97282

(503) 231-3985

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.00x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Net Margin

83rd percentile

25%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Asset Growth

77th percentile

11%

Faster asset growth than 77% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

-1.8%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$981,438

Up $97,452 (+11%) from 2019

Net Assets

Up

$980,471

Up $97,085 (+11%) from 2019

Liabilities

Up

$967

Up $367 (+61%) from 2019

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin83rd percentile

Revenue

Down

$396,184

Down $7,141 (-1.8%) from 2019

Expenses

Up

$299,099

Up $31,592 (+12%) from 2019

Net Income

Down

$97,085

Down $38,733 (-29%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $401,918Liabilities 2011: $165Net Assets 2011: $401,7532011Assets 2012: $454,073Liabilities 2012: $20,549Net Assets 2012: $433,5242012Assets 2013: $473,720Liabilities 2013: $0Net Assets 2013: $473,7202013Assets 2014: $535,486Liabilities 2014: $910Net Assets 2014: $534,5762014Assets 2015: $507,779Liabilities 2015: -$47Net Assets 2015: $507,8262015Assets 2016: $688,858Liabilities 2016: $0Net Assets 2016: $688,8452016Assets 2017: $739,356Liabilities 2017: $707Net Assets 2017: $738,6492017Assets 2018: $791,132Liabilities 2018: $18,636Net Assets 2018: $772,4962018Assets 2019: $883,986Liabilities 2019: $600Net Assets 2019: $883,3862019Assets 2020: $981,438Liabilities 2020: $967Net Assets 2020: $980,4712020Assets 2021: $881,262Liabilities 2021: $191,184Net Assets 2021: $690,0782021Assets 2022: $1,375,218Liabilities 2022: $11,259Net Assets 2022: $1,363,9592022Assets 2023: $1,949,694Liabilities 2023: $285Net Assets 2023: $1,949,4092023Assets 2024: $1,942,853Liabilities 2024: $357Net Assets 2024: $1,942,4962024Assets 2025: $2,018,171Liabilities 2025: $461Net Assets 2025: $2,017,7102025

Highlighted filing

2020

Assets$981,438
Liabilities$967
Net Assets$980,471
Open 2020 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $244,8142011Expenses 2012: $184,5942012Revenue 2013: $262,268Expenses 2013: $222,072Net Income 2013: $40,1962013Revenue 2014: $250,039Expenses 2014: $189,193Net Income 2014: $60,8462014Revenue 2015: $244,522Expenses 2015: $271,272Net Income 2015: -$26,7502015Revenue 2016: $606,926Expenses 2016: $429,811Net Income 2016: $177,1152016Revenue 2017: $257,649Expenses 2017: $207,406Net Income 2017: $50,2432017Revenue 2018: $246,384Expenses 2018: $230,926Net Income 2018: $15,4582018Revenue 2019: $403,325Expenses 2019: $267,507Net Income 2019: $135,8182019Revenue 2020: $396,184Expenses 2020: $299,099Net Income 2020: $97,0852020Revenue 2021: $10,688Expenses 2021: $301,141Net Income 2021: -$290,4532021Revenue 2022: $1,037,815Expenses 2022: $359,803Net Income 2022: $678,0122022Revenue 2023: $890,130Expenses 2023: $305,833Net Income 2023: $584,2972023Revenue 2024: $444,153Expenses 2024: $451,066Net Income 2024: -$6,9132024Revenue 2025: $443,633Expenses 2025: $326,276Net Income 2025: $117,3572025

Highlighted filing

2020

Revenue$396,184
Expenses$299,099
Net Income$97,085
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2019 to Mar 31, 2020
Signed
Dec 10, 2020
Return Version
2019v5.0
Gross Receipts
$522,183
Mission and Program Overview

Mission

Recreational social yacht club.

Waverly marina association provides moorage, fuel dock, recreational services, and social activities to its members. The organization collects common area fees from the moorage members to maintain and operate the moorage solely for the benefit of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$883,386$980,471▲ $97,085
Land, Buildings, and Equipment, Net$425,877$691,589▲ $265,712
Savings and Temporary Cash Investments$260,162$213,782▼ $46,380
Cash and Non-Interest-Bearing Accounts$188,527$69,633▼ $118,894
Inventories for Sale or Use$9,420$6,434▼ $2,986
Total Assets$883,986$981,438▲ $97,452
Liabilities
Other Liabilities$600$967▲ $367
Total Liabilities$600$967▲ $367
Net Assets / Fund Balance
Total Net Assets Fund Balance$883,386$980,471▲ $97,085
Total Liabilities and Net Assets / Fund Balance$883,986$981,438▲ $97,452

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$691,468$133,395$824,863
Equipment$121$3,564$3,685
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Randy TomicPresident
Jeanne SchoelSecretary
Jeff DennyTreasurer
David SootsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$335,059
Program Service Revenue
$40,376
Investment Income
$420
Other Revenue
$20,329
Change in Net Assets
$97,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$220,869
Salaries, Compensation, and Employee Benefits$78,230
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,733$6,748-$67,481
Occupancy$51,230$9,040-$60,270
Insurance$40,241$2,118-$42,359
Depreciation Depletion$39,869--$39,869
Fees for Services Accounting-$12,260-$12,260
Payroll Taxes$9,674$1,075-$10,749
Fees for Services Other$4,750$1,496-$6,246
Office Expenses$1,623$1,626-$3,249
Other Expenses$23,112$1,470-$1,470
Total Functional Expenses$260,698$38,401$0$299,099
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$967
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“All owners of slips in the waverly marina are members of the waverly marina association.”

Form 990, Page 6, Part VI, Line 7A

“Members elect the officers and directors of the governing board of directors. Eah member is granted one vote per slip and, provided the memeber is in good standing and current on all dues and assessmemts, is allowed to vote at annual and special meetings of the membership.”

Form 990, Page 6, Part VI, Line 7B

“Members must approve dues, fees, fines, and/or special assessments proposed by the board of directors. The board of directors, except in emergency situations, also requires the approval of members prior to making capital improvements or significant modifications to the physical structure of the marina facilities. Members must also approve amendments or changes to the organization's bylaws.”

Form 990, Page 6, Part VI, Line 11B

“Prior to filing, copies of forms 990 and oop-t are provided to the organization's president and/or treasurer who report to the board.”

Form 990, Page 6, Part VI, Line 15A

“The organization's bylaws provide that all officers and board members are to serve without compensation.”

Form 990, Page 6, Part VI, Line 19

“No documents are available to the general public except by specific request, which is evaluated by the board of directors on a case-by-case basis.”

Filing and Contact Details

Filer

Filer Name
Waverly Marina Association
EIN
93-1176482
Phone
5032313985
Address
PO BOX 82008, PORTLAND, OR 97282

Signing Officer

Name
Randy Tomic
Title
President
Phone
5032313985
Signed
2020-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Tomic
Formed
1997
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Henick & Ylvisaker Cpas
Address
4475 SW SCHOLLS FERRY RD STE 170, PORTLAND, OR 97225-1980
Preparer
Donn J Ylvisaker
Phone
5032924299
Raw XML Appendix312 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL OWNERS OF SLIPS IN THE WAVERLY MARINA ARE MEMBERS OF THE WAVERLY MARINA ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE OFFICERS AND DIRECTORS OF THE GOVERNING BOARD OF DIRECTORS. EAH MEMBER IS GRANTED ONE VOTE PER SLIP AND, PROVIDED THE MEMEBER IS IN GOOD STANDING AND CURRENT ON ALL DUES AND ASSESSMEMTS, IS ALLOWED TO VOTE AT ANNUAL AND SPECIAL MEETINGS OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS MUST APPROVE DUES, FEES, FINES, AND/OR SPECIAL ASSESSMENTS PROPOSED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS, EXCEPT IN EMERGENCY SITUATIONS, ALSO REQUIRES THE APPROVAL OF MEMBERS PRIOR TO MAKING CAPITAL IMPROVEMENTS OR SIGNIFICANT MODIFICATIONS TO THE PHYSICAL STRUCTURE OF THE MARINA FACILITIES. MEMBERS MUST ALSO APPROVE AMENDMENTS OR CHANGES TO THE ORGANIZATION'S BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR TO FILING, COPIES OF FORMS 990 AND OOP-T ARE PROVIDED TO THE ORGANIZATION'S PRESIDENT AND/OR TREASURER WHO REPORT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S BYLAWS PROVIDE THAT ALL OFFICERS AND BOARD MEMBERS ARE TO SERVE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC EXCEPT BY SPECIFIC REQUEST, WHICH IS EVALUATED BY THE BOARD OF DIRECTORS ON A CASE-BY-CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038401
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260698
IRS990/TotalFunctionalExpensesGrp/TotalAmt0299099
IRS990/TotalGrossUBIAmt020329
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ReasonableCauseExplanation/ExplanationTxt0WE ARE REQUESTING AN ABATEMENT OF THE LATE FILING PENALTY ON THE FOLLOWING GROUNDS: 1) WE CHANGED TAX PREPARERS FOR THE SECOND TIME IN THREE YEARS, AND PART OF OUR ACCOUNTING RECORDS WERE MAINTAINED BY THE TAX PREPARERS. WE WERE UNABLE TO OBTAIN THOSE ACCOUNTING RECORDS UNTIL AFTER THE ORIGINAL FILING DEADLINE FOR OUR RETURN. 2) THE CURRENT TAX PREPARER HAS ONGOING HEALTH ISSUES RELATED TO HEART FAILURE. BECAUSE OF THESE ISSUES, THE FILING OF AN EXTENSION WAS OVERLOOKED. WE DO NOT HAVE THE CAPABILITY TO FILE RETURNS OR EXTENSIONS ELECTRONICALLY, WE RELY ON OUR TAX PREPARER TO MAKE SUCH TIMELY FILINGS FOR US. OUR TAX PREPARER IS A CPA, AND THUS A QUALIFIED TAX PROFESSIONAL. OUR RELIANCE ON A QUALIFIED TAX PROFESSIONAL TO DISCHARGE DUTIES RELATED TO THE FILING OF OUR RETURNS, AND THE FAILURE OF THE QUALIFIED TAX PROFESSIONAL TO DISCHARGE THOSE DUTIES, IS A VALID REASON FOR OUR LATE FILING AND FOR THE ABATEMENT OF THE PENALTIES INVOLVED. BECAUSE OF THE AFOREMENTIONED REASONS, WE ASK THAT
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY TOMIC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05032313985
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAVERLY MARINA ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0WAVE
ReturnHeader/Filer/EIN0931176482
ReturnHeader/Filer/PhoneNum05032313985
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 82008
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0931164639
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HENICK & YLVISAKER CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04475 SW SCHOLLS FERRY RD STE 170
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0972251980
ReturnHeader/PreparerPersonGrp/PhoneNum05032924299
ReturnHeader/PreparerPersonGrp/PreparationDt02020-12-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DONN J YLVISAKER
ReturnHeader/ReturnTs02020-12-28T16:51:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-04-01
ReturnHeader/TaxPeriodEndDt02020-03-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$981,438
Liabilities
$967
Net assets
$980,471
Revenue
$396,184
Expenses
$299,099
Net income
$97,085
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.44$0.33$0.12
2024Detailed filing. Detailed filing data is available for this year.$1.94$0.00$1.94$0.44$0.45$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$0.89$0.31$0.58
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.01$1.36$1.04$0.36$0.68
2021Detailed filing. Detailed filing data is available for this year.$0.88$0.19$0.69$0.01$0.30$0.29
2020Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.40$0.30$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.40$0.27$0.14
2018Summary only. Only limited summary data is available for this year.$0.79$0.02$0.77$0.25$0.23$0.02
2017Summary only. Only limited summary data is available for this year.$0.74$0.00$0.74$0.26$0.21$0.05
2016Summary only. Only limited summary data is available for this year.$0.69$0.00$0.69$0.61$0.43$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.24$0.27$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.53$0.25$0.19$0.06
2013Summary only. Only limited summary data is available for this year.$0.47$0.00$0.47$0.26$0.22$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.02$0.43$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.24