PENOBSCOT MARINE MUSEUM (EIN 016015647) - 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

1936

Legal Domicile

Principal Officer

JON JOHANSEN

Phone

2075482529

Tax Period

2024-04-01 to 2025-03-31

PENOBSCOT MARINE MUSEUM, founded in 1936, is a small nonprofit in the Arts, Culture & Humanities sector that reported $917K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 23% operating deficit.

Mission

PENOBSCOT MARINE MUSEUM INSPIRES CURIOSITY AND FOSTERS UNDERSTANDING ABOUT LIFE AND WORK ON THE MAINE COAST TO ENCOURAGE STEWARDSHIP OF OUR COMMUNITIES AND THE SEA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $505,918

Program Service Revenue $47,176

Investment Income $376,444

Other Revenue $-12,281

TOTAL REVENUE $917,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $670,106

Fundraising Expenses $141,459

Program Expenses $743,760

Other Expenses $453,869

TOTAL EXPENSES $1,123,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$917,257	$902,400	+0.0%
Expenses	$1,123,975	$1,157,884	0.0%
Net Income	$-206,718	$-255,484	-0.2%

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

$108,420

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON JOHANSEN	PRESIDENT/TR	2.00	Officer Director	$0	$0	$0
DEIRDRE H HENDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
GREGORY CURTIS	FORMER TREAS	1.00	Officer Director	$0	$0	$0
DANIEL NICHOLS	BUILD/GROUND	1.00	Director	$0	$0	$0
ALONZO ALLEY	TRUSTEE	1.00	Director	$0	$0	$0
MARY BRANN	TRUSTEE	1.00	Director	$0	$0	$0
TOM BROWN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES H DUFF	TRUSTEE	1.00	Director	$0	$0	$0
LIZ FITZSIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
ALISON GILCHRIST	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE HAMILTON	TRUSTEE	1.00	Director	$0	$0	$0
CAPTAIN DOUGLAS LEE	TRUSTEE	1.00	Director	$0	$0	$0
CAPTAIN DANIEL PARROTT	TRUSTEE	1.00	Director	$0	$0	$0
BRONSON PLATNER	TRUSTEE	1.00	Director	$0	$0	$0
WENDY ROWLAND	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM WELTE	TRUSTEE	1.00	Director	$0	$0	$0
KAREN SMITH	EXECUTIVE DI	40.00	Officer	$91,010	$17,410	$108,420

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	$917,257	$1,123,975	$7,211,812	$-206,718
2024	$902,400	$1,157,883	$7,629,807	$-255,483
2023	$775,940	$1,124,960	$7,423,631	$-349,020
2022	$1,504,211	$1,073,406	$8,277,134	$430,805
2021	$843,430	$998,281	$8,012,407	$-154,851
2020	$861,887	$952,327	$7,147,990	$-90,440
2019	$1,002,621	$938,047	$7,626,092	$64,574
2018	$948,682	$864,801	$7,528,447	$83,881

PENOBSCOT MARINE MUSEUM