NEW HAMPSHIRE BOAT MUSEUM

EIN: 020464218 501(c)(3) Arts, Culture & Humanities

MOULTONBOROUGH, NH

Total Revenue
$611,589
Total Expenses
$734,369
Total Assets
$5,329,984
Net Assets
$5,226,092
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NH
Principal Officer
JAIME LAURENT
Phone
6035694554
Tax Period
2024-01-01 to 2024-12-31

NEW HAMPSHIRE BOAT MUSEUM, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $612K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $734K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO INSPIRE AN ENDURING CONNECTION, STEWARDSHIP, AND APPRECIATION OF NEW HAMPSHIRE'S FRESHWATER BOATING HERITAGE THROUGH COMPELLING EXHIBITS, EXPERIENCES, AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $279,085 Revenue: $38,512

MUSEUM: THE NEW HAMPSHIRE BOAT MUSEUM WAS FOUNDED IN 1992 BY A GROUP OF ANTIQUE AND CLASSIC BOATING ENTHUSIATES WHO WANTED TO SHARE THEIR LOVE OF NEW HAMPSHIRE'S FRESHWATER BOATING HERITAGE. THE NEW...

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MUSEUM: THE NEW HAMPSHIRE BOAT MUSEUM WAS FOUNDED IN 1992 BY A GROUP OF ANTIQUE AND CLASSIC BOATING ENTHUSIATES WHO WANTED TO SHARE THEIR LOVE OF NEW HAMPSHIRE'S FRESHWATER BOATING HERITAGE. THE NEW HAMPSHIRE BOAT MUSEUM HAS HOUSED ITS COLLECTION FOR THE PAST 20+ YEARS IN WOLFEBORO, NH IN A 5,000 SQUARE FOOT ROUND ROOF BUILDING BUILT IN 1954, OPEN ON A SEASONAL BASIS. IN 2022, FOLLOWING A MULTI-YEAR CAPITAL CAMPAIGN, THE NEW HAMPSHIRE BOAT MUSEUM PURCHASED A 24,000 SQUARE FOOT BUILDING IN MOULTONBOROUGH, NH TO EXPAND OPERATIONS. THE NEW HAMPSHIRE BOAT MUSEUM'S HEADQUARTERS WAS RELOCATED THERE IN 2024 FOLLOWING RENOVATIONS. THE NEW FACILITY IS FOCUSED ON THE NH BOAT MUSEUM AS A YEAR-ROUND PREMIER DESTINATION, REINFORCING NEW HAMPSHIRE'S TOURISM BRAND. THIS PHASE CATALYZES THE VITALITY AND ECONOMIC DEVELOPMENT OF THE LOCAL COMMUNITY, REGION, AND STATE. COMMUNITY EDUCATIONAL AND MEETING SPACE, FLEXIBLE EXHIBITION SPACES, OFFICES, AND CONFERENCE AREAS ARE AVAILABLE FOR VISITORS AND ORGANIZATIONS TO THE MUSEUM. THE RENOVATED SPACES HOST NUMEROUS VENUES, WORKSHOPS, GATHERINGS, AND PARTNERSHIPS, ALL STIMULATING LOCAL COMMERCE WHILE PROMOTING LOCAL HERITAGE AND CULTURAL PRIDE, WHILE SERVING AS A KEY DRIVER FOR LOCAL ECONOMIC GROWTH. THE WOLFEBORO CAMPUS WILL CONTINUE TO HOST MANY SEASONAL PROGRAMS DURING SPRING AND SUMMER.

Program 2
Expenses: $28,823 Revenue: $19,191

EDUCATIONAL PROGRAMS: THE NEW HAMPSHIRE BOAT MUSEUM OFFERS CORE EDUCATIONAL PROGRAMS THAT INCLUDE BOAT BUILDING CLASSES FOR ADULTS, FAMILIES, AND YOUTH; SAILING FOR YOUTH AND ADULTS IN PARTNERSHIP...

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EDUCATIONAL PROGRAMS: THE NEW HAMPSHIRE BOAT MUSEUM OFFERS CORE EDUCATIONAL PROGRAMS THAT INCLUDE BOAT BUILDING CLASSES FOR ADULTS, FAMILIES, AND YOUTH; SAILING FOR YOUTH AND ADULTS IN PARTNERSHIP WITH WOLFEBORO PARKS AND RECREATION; MODEL YACHTING AND MODEL YACHT KIT BUILDING CLASSES; LAKE DISCOVERY DAYS FOR ELEMENTARY SCHOOL-AGED CHILDREN; ON-WATER BOATING SAFETY CLASSES AND MORE.

Program 3
Expenses: $106,432 Revenue: $96,119

VINTAGE BOAT RIDES: THE MUSEUM OFFERS VINTAGE BOAT RIDES WHICH TOUR LAKE WINNIPESAUKEE ON TWO 28-FOOT MAHOGANY HACKER-CRAFT. RIDERS EXPERIENCE THE GOLDEN AGE OF BOATING WHILE VIEWING SPECTACULAR...

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VINTAGE BOAT RIDES: THE MUSEUM OFFERS VINTAGE BOAT RIDES WHICH TOUR LAKE WINNIPESAUKEE ON TWO 28-FOOT MAHOGANY HACKER-CRAFT. RIDERS EXPERIENCE THE GOLDEN AGE OF BOATING WHILE VIEWING SPECTACULAR SCENERY AND MAGNIFICENT HOMES AND BOAT HOUSES, WITH FASCINATING NARRATION BY THEIR CAPTAIN ABOUT THE LAKE'S HISTORY, GEOGRAPHY, GEOLOGY, AND WILDLIFE.

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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 $406,557
Program Service Revenue $140,718
Investment Income $8,845
Other Revenue $55,469
TOTAL REVENUE $611,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $234,526
Fundraising Expenses $44,584
Program Expenses $414,340
Other Expenses $499,843
TOTAL EXPENSES $734,369

Year-over-Year Comparison

2024 2023 Change
Revenue $611,589 $891,103 -0.3%
Expenses $734,369 $600,526 +0.2%
Net Income $-122,780 $290,577 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
29
Volunteers
147

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
$69,495
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA CUMMINGS EXECUTIVE DIRECTOR 40.00
Officer
$60,100 $9,395 $69,495
JAIME LAURENT CO-CHAIRPERSON 2.00
Officer Director
$0 $0 $0
STEPHANIE INGLIS CO-CHAIRPERSON 2.00
Officer Director
$0 $0 $0
DON SMITH VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
MARY SIMPSON TREASURER 2.00
Officer Director
$0 $0 $0
KERRY LYNCH SECRETARY 2.00
Officer Director
$0 $0 $0
ALLISON HART TRUSTEE 2.00
Director
$0 $0 $0
MAX BARRETT TRUSTEE 2.00
Director
$0 $0 $0
NANCY BLACK TRUSTEE 2.00
Director
$0 $0 $0
CHERYL GOEBEL TRUSTEE 2.00
Director
$0 $0 $0
JOHN VAN LONKHUYZEN TRUSTEE 2.00
Director
$0 $0 $0
JEFF REILLY TRUSTEE 2.00
Director
$0 $0 $0
BOB STROUGH TRUSTEE 2.00
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
2025 No data No data No data No data
2024 $611,589 $734,369 $5,329,984 $-122,780
2023 $891,103 $600,526 $5,350,298 $290,577
2022 $1,379,436 $553,435 $5,086,851 $826,001
2021 $2,757,107 $551,976 $4,627,524 $2,205,131
2020 $473,383 $349,366 $2,467,817 $124,017
2019 $651,898 $398,216 $2,315,470 $253,682
2018 $522,727 $371,781 $2,072,951 $150,946
2017 $733,850 $414,878 $2,061,077 $318,972
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