QUODDY TIDES FOUNDATION

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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

1973

Legal Domicile

Principal Officer

MARKLEY BOYER

Phone

2078534047

Tax Period

2023-01-01 to 2023-12-31

QUODDY TIDES FOUNDATION, founded in 1973, is a small nonprofit that reported $475K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $406K left a modest 14% surplus.

Mission

BRIDGING BOUNDARIES, EXPLORING BORDERS FOUNDED IN 2002 IN EASTPORT MAINE, THE TIDES INSTITUTE & MUSEUM OF ART IS LOCATED ON LONG STANDING TRADITIONAL AND CONTINUING PASSAMAQUODDY HOMELANDS ALONG THE ATLANTIC COAST AT THE UNITED STATES/CANADA BORDER. THIS BOUNDARY LOCATION SHAPES ITS PERSPECTIVE ON THE REGION AND THE BROADER WORLD: THROUGH ITS INITIATIVES AND PROGRAMS TO FOSTER NEW INNOVATIVE AND CROSS-SECTOR WORKS; THROUGH ITS WIDE RANGING COLLECTIONS, EDUCATION AND PRESERVATION EFFORTS; AND THROUGH ITS PARTNERSHIPS AND ENDEAVORS TO STRENGTHEN THE REGION'S ECONOMIC PROSPERITY, VITALITY AND WIDER CONNECTIONS.

Program Service Accomplishments

Program 1

Expenses: $40,558

4A COLLECTIONS - THE ORGANIZATION ADDED TO ITS COLLECTION BY ACQUIRING TWO ORIGINAL 1911 PHOTOGRAPHIC PRINTS BY LEWIS HINE OF CHILD LABORERS IN THE SARDINE FACTORIES; A C.1840 SECRETARY DESK THAT HAD COME DOWN THROUGH FIVE GENERATIONS OF A LONG-TIME AREA FAMILY; A 200 YEAR-OLD LEATHER FIRE BUCKET DATING TO 1822; A SELECTION OF LOCAL HAND PAINTED CHINA BY MARTHA "MATTIE" WAIDE (1857-1929). A LARGE PAINTING, THE LITTLE COCKLE, BY ARTIST N.C. WYETH HAS BEEN PLACED ON LONG-TERM LOAN WITH THE ORGANIZATIONS. OVER 6,500 ITEMS FROM COLLECTIONS ARE ACCESSIBLE ON THE ORGANIZATION'S WEBSITE AND CAN BE SEARCHED BY KEY WORD, SUCH AS NAME, LOCATION AND OTHER CATEGORIES.

Program 2

Expenses: $113,997

4B PRESERVATION - IN 2023, MASONS FINISHED REBUILDING AND RESTORING THE UPPER FRONT FACADE OF THE MASONIC HALL BUILDING. AT THE GAR HALL BUILDING, FOUR UPPER WINDOWS WERE COMPLETELY RESTORED AND...

4B PRESERVATION - IN 2023, MASONS FINISHED REBUILDING AND RESTORING THE UPPER FRONT FACADE OF THE MASONIC HALL BUILDING. AT THE GAR HALL BUILDING, FOUR UPPER WINDOWS WERE COMPLETELY RESTORED AND REGLAZED BY A LOCAL CRAFTSPERSON. AT THE NORTH CHURCH PROJECT SPACE, THE ORGANIZATION HAD EXTERIOR ASBESTOS SHINGLES REMOVED AND PUT A NEW ROOF ON THE SANCTUARY SPACE. ALSO IN 2023, AT THE STUDIOWORKS BUILDING, THE ORGANIZATION FINISHED AND PAINTED INTERIOR WALL SURFACES AND PLACED NEW RAILINGS IN THE STAIRWELLS. AT KIYE COTTAGE IN ADDISON, MAINE, THE ORGANIZATION REMOVED PERSONAL BELONGINGS OF THE LATE DONOR AND PREPARED THE SPACE FOR ARTIST OCCUPANCY.

Program 3

Expenses: $161,773 Revenue: $5,855

4C -EDUCATION THE ORGANIZATION PRESENTED THREE EXHIBITIONS IN 2023. THE ORGANIZATION PRESENTED AN EXHIBITION OF HISTORIC PHOTOGRAPHS IN LUBEC, AND TWO MAJOR EXHIBITIONS AT THE MUSEUM BUILDING WHICH SET ATTENDANCE RECORDS. "PETER POWNING: A RETROSPECTIVE" WAS BORROWED FROM THE BEAVERBROOK ART GALLERY IN FREDERICTON, NEW BRUNSWICK, CANADA, AND FEATURED 23 CAREER- DEFINING SCULPTURES. "WABANAKI PRESENCE" FEATURED A SELECTION OF WABANAKI WORKS FROM OUR COLLECTIONS, PLUS TWO ITEMS FROM THE PASSAMAQUODDY CULTURAL HERITAGE MUSEUM. FOSTER NEW WORK IN 2023, THE ORGANIZATION'S STUDIOWORKS ARTIST-IN-RESIDENCE PROGRAM HOSTED 13 ARTISTS, INCLUDING THE FIRST ALUMNI OF THE PROGRAM TO RETURN FOR A SECOND RESIDENCY. THE ARTISTS CAME FROM NEW ZEALAND, ENGLAND, AND STATES INCLUDING CALIFORNIA, NEW YORK, AND MICHIGAN. THEIR PROJECTS THAT ENGAGED COMMUNITY MEMBERS INCLUDED SCULPTURE, NIGHT PHOTOGRAPHY, PRINTMAKING, DRAWING, ENVIRONMENTAL AWARENESS THROUGH ART. THEIR PROJECTS INCLUDING HOSTING SCHOOL GROUP VISITS AND WITH VOLUNTEERING WITH COMMUNITY GROUPS, SUCH AS A LOCAL BIRDING ORGANIZATION. PARTNERSHIPS IN 2023, THE ORGANIZATION CONTINUED PARTNERSHIPS WITH AREA ORGANIZATIONS, INCLUDING THE DOWNEAST RAINBOW ALLIANCE, EASTPORT ARTWALK, EASTPORT SENIOR CENTER, AREA SCHOOLS AND REGIONAL ORGANIZATIONS.IN COLLABORATION WITH THE PASSAMAQUODDY CULTURAL HERITAGE MUSEUM, THE SIPAYIK MUSEUM AND THE PASSAMAQUODDY TRIBAL HISTORIC PRESERVATION OFFICE WE SPONSORED A CONCERT AND WORKSHOP BY ACCLAIMED WOLASTOQUIYIK NATION/MALISEET SINGER, JEREMY DUTCHER, WINNER OF THE 2018 POLARIS MUSIC PRIZE, CANADA'S TOP MUSIC AWARD. THE CONCERT WAS HELD AT OUR NORTH CHURCH BUILDING TO A CAPACITY CROWD AND THE WORKSHOP WAS HELD AT THE TRIBAL OFFICE BUILDING IN SIPAYIK. WE ALSO HOSTED A LECTURE AT OUR SEAMAN'S CHURCH BUILDING BY MAINE STATE HISTORIAN, EARLE SHETTLEWORTH, JR., ON AREA ARCHITECTURE. THE LECTURE SPURRED SHETTLEWORTH'S INTEREST TO SUBSEQUENTLY WRITE AN ESSAY ON ARCHITECT, DANIEL LOW, WHO DESIGNED SEVERAL PUBLIC BUILDINGS AND RESIDENCES IN EASTPORT IN THE EARLY 19TH CENTURY.

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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 $454,095

Program Service Revenue $5,855

Investment Income $3,047

Other Revenue $11,555

TOTAL REVENUE $474,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,264

Fundraising Expenses $30,305

Program Expenses $316,328

Other Expenses $314,742

TOTAL EXPENSES $406,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$474,552	$742,558	-0.4%
Expenses	$406,006	$382,787	+0.1%
Net Income	$68,546	$359,771	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARKLEY BOYER	PRESIDENT/VP	N/A	Officer Director	$0	$0	$0
HUGH FRENCH	EXECUTIVE DI	20.00	Director	$0	$0	$0
KRISTIN MCKINLAY	ASST DIR OF	20.00	Director	$0	$0	$0
JOHN LEROUX	TRUSTEE	N/A	Director	$0	$0	$0
APRIL MULLINS	TRUSTEE	N/A	Director	$0	$0	$0
MARTHA LEWIS	TREASURER	N/A	Director	$0	$0	$0
CHRISTOPHER NEWELL	TRUSTEE	N/A	Director	$0	$0	$0
SUMNER LEMON	TRUSTEE	N/A	Director	$0	$0	$0
LAURA STANZYCK	TRUSTEE	N/A	Director	$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
2024	No data	No data	No data	No data
2023	$474,552	$406,006	$3,429,589	$68,546
2022	$742,558	$382,787	$3,371,992	$359,771
2021	$639,507	$291,883	$2,983,137	$347,624
2020	$419,054	$265,413	$2,735,575	$153,641
2019	$659,652	$309,977	$2,710,998	$349,675
2018	$354,081	$315,572	$2,211,162	$38,509