NEW HAMPSHIRE BOAT MUSEUM (EIN 020464218) - 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

1992

Legal Domicile

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

THE NEW HAMPSHIRE BOAT MUSEUM IS AN EDUCATIONAL ORGANIZATION FOCUSING ON THE BOATING HERITAGE AND LIFE ON THE LAKES AND RIVERS OF NEW HAMPSHIRE.

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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 $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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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

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

$69,495

Total Directors

Key Employees

Highest Compensated

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
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

NEW HAMPSHIRE BOAT MUSEUM