The Landing School of Boatbuilding & Design

EIN: 010355980 501(c)(3)

Arundel, ME

Total Revenue
$2,178,695
Total Expenses
$2,360,680
Total Assets
$2,873,734
Net Assets
$1,904,892
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
ME
Principal Officer
Kate Baldwin
Phone
2079857976
Tax Period
2024-07-01 to 2025-06-30

The Landing School of Boatbuilding & Design, founded in 1979, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

Provide diploma and associates educational programs in marine industry technology.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,017,906
Program Service Revenue $1,010,427
Investment Income $147,182
Other Revenue $3,180
TOTAL REVENUE $2,178,695

Expense Breakdown

Grants Paid $55,400
Salaries & Benefits $1,249,768
Fundraising Expenses $80,292
Program Expenses $1,199,012
Other Expenses $1,055,512
TOTAL EXPENSES $2,360,680

Year-over-Year Comparison

2024 2023 Change
Revenue $2,178,695 $2,392,782 -0.1%
Expenses $2,360,680 $2,413,024 0.0%
Net Income $-181,985 $-20,242 +8.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
19
Volunteers
18

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
6
$142,675
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Swanton Chair 7.00
Officer Director
$0 $0 $0
David Millet Treasurer 5.00
Officer Director
$0 $0 $0
Michael Wexler Secretary 3.00
Officer Director
$0 $0 $0
Peter Murray Clerk 2.00
Officer Director
$0 $0 $0
Caroline Bigelow Trustee 2.00
Director
$0 $0 $0
John Burgess Trustee 2.00
Director
$0 $0 $0
Carrie Burr Trustee 2.00
Director
$0 $0 $0
Aaron Crawford Trustee 2.00
Director
$0 $0 $0
Tara Dwyer Trustee 2.00
Director
$0 $0 $0
John Emmons Trustee 2.00
Director
$0 $0 $0
Alan Gilbert Trustee 2.00
Director
$0 $0 $0
Richard Jaffee Trustee 2.00
Director
$0 $0 $0
John Higgins Trustee 2.00
Director
$0 $0 $0
Steven Lacey Trustee 2.00
Director
$0 $0 $0
Pamela Lendzion Trustee 2.00
Director
$0 $0 $0
Peter O'Connell Trustee 5.00
Director
$0 $0 $0
Mary Thompson-Jones Trustee 2.00
Director
$0 $0 $0
Cricket Tupper Trustee 2.00
Director
$0 $0 $0
John Caron President 40.00
Officer
$142,675 $0 $142,675
Kate Baldwin VP Finance 40.00
Officer
$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
2025 $2,178,695 $2,360,680 $2,873,734 $-181,985
2024 No data No data No data No data
2023 $2,338,605 $2,232,078 $2,921,977 $106,527
2022 $2,417,184 $2,401,143 $2,702,812 $16,041
2021 $2,445,752 $2,531,266 $3,172,973 $-85,514
2020 $2,420,802 $2,481,412 $2,993,197 $-60,610
2019 $2,097,605 $2,437,940 $3,071,753 $-340,335
2018 $1,991,619 $2,274,165 $3,235,552 $-282,546
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