MOOSEHEAD MARINE MUSEUM (EIN 010356422) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

JOHN MORRELL

Phone

2076952716

Tax Period

2023-01-01 to 2023-12-31

MOOSEHEAD MARINE MUSEUM, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $599K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $556K left a modest 7% surplus.

Mission

THE MUSEUM SEEKS TO MAINTAIN AND PRESERVE THE HISTORY OF THE REGION AROUND MOOSEHEAD LAKE THROUGH CRUISES, TOURS, AND CHARTERS OF THE RESTORED, LAST WORKING LAKE STEAMER ON THE LAKE. THE MUSEUM IS OPEN TO THE PUBLIC JUNE THROUGH NOVEMBER.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $175,181

Program Service Revenue $357,214

Investment Income $1,470

Other Revenue $65,251

TOTAL REVENUE $599,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,479

Fundraising Expenses $83,392

Program Expenses $364,453

Other Expenses $342,634

TOTAL EXPENSES $556,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$599,116	$1,284,122	-0.5%
Expenses	$556,113	$520,528	+0.1%
Net Income	$43,003	$763,594	-0.9%

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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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

$51,378

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEYTH CARTER	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT HERSEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GOODRICH	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN MORRELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB FREDERICK	DIRECTOR	1.00	Director	$0	$0	$0
KAY JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
J ROGERS WOOLSTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WATT	DIRECTOR	1.00	Director	$0	$0	$0
PETE WHITIN	DIRECTOR	1.00	Director	$0	$0	$0
LIZ MCKEIL	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$51,378

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
2024	No data	No data	No data	No data
2023	$599,116	$556,113	$3,235,729	$43,003
2022	$1,284,122	$520,528	$3,224,727	$763,594
2021	$495,523	$411,782	$2,433,477	$83,741
2020	$441,775	$330,355	$2,366,194	$111,420
2019	$377,037	$379,003	$1,982,345	$-1,966

MOOSEHEAD MARINE MUSEUM