The Landing School of Boatbuilding… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

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

The Landing School effectively prepares men and women for careers in the marine industry as practical designers, builders and systems technicians, who work professionally on today's vessels, adapt to the industry's evolving technology, appreciate the traditions of the past.

Program Service Accomplishments

Program 1

Expenses: $1,199,012 Revenue: $1,013,607

Wooden Boat Building - Students learn to use hand and power tools while working with modern materials and traditional woodworking methods to learn the process of building and/or repairing boats...

Wooden Boat Building - Students learn to use hand and power tools while working with modern materials and traditional woodworking methods to learn the process of building and/or repairing boats. Marine Systems - Students gain extensive knowledge and skills in the most technically demanding field and are prepared for a sucessful career as a marine systems technician. Yacht Design - Students learn to combine aesthetics, functionality, shapes, and materials to create boat designs that are efficient and visually pleasing.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$142,675

Total Directors

Key Employees

Highest Compensated

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

The Landing School of Boatbuilding & Design