HULL LIFESAVING MUSEUM INC

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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

1981

Legal Domicile

Principal Officer

ROBERT MACINTYRE

Phone

7819255433

Tax Period

2023-07-01 to 2024-06-30

HULL LIFESAVING MUSEUM INC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $450K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $422K left a modest 6% surplus.

Mission

THE DRIVING PRINCIPLES OF THE 19TH CENTURY COASTAL LIFESAVERS - SKILLS, COURAGE, AND CARING - ARE FOUNDATIONS OF THE HULL LIFESAVING MUSEUM'S COMMITMENT TO IMPACT INDIVIDUAL LIVES FOR THE BETTER. WE FOSTER A COMMUNITY DEDICATED TO THE PRESERVATION OF BOSTON HARBOR'S RICH MARITIME HERITAGE AND LIFESAVING TRADITIONS THROUGH EXHIBITS, COLLECTIONS, OPEN-ROWING PROGRAMS AND STEWARDSHIP OF OUR HISTORIC SITES.

Program Service Accomplishments

Program 1

Expenses: $157,129 Revenue: $54,212

THE MUSEUM MEMORIALIZES AND CELEBRATES THE LIFESAVING CREWS OF HULL, BRINGING TO LIFE THEIR DEEDS OF SELFLESSNESS AND SEAMANSHIP THAT DURING THE FINAL DECADES OF THE AGE OF THE SAIL, SAVED OVER 1,000 SHIPWRECKED MARINERS ON THE SHORES OF HULL AND COHASSET. THE MUSEUM IS OPEN YEAR-ROUND, PRESENTING A PERMANENT EXHIBIT INCLUDING THE ORIGINAL 1889 LIFESAVING BOAT "NANTASKET", THREE VISITING EXHIBITS EACH YEAR, MONTHLY LECTURE SERIES, AN ANNUAL ART SHOW AND A SUMMER CHILDREN'S PROGRAM. DRAMATICALLY LOCATED AT THE MOUTH OF BOSTON HARBOR FACING BOSTON LIGHT, THE STATION IS THE SITE OF THE GREATEST NUMBER OF RESCUES FROM SHIPWRECK IN THE COUNTRY AND HOSTS 12,000 VISITORS PER YEAR.

Program 2

Expenses: $157,128 Revenue: $71,452

HOME WATERS PROGRAM: BOSTON AND SOUTH SHORE-BASED OPEN WATER ROWING AND EXPERIENTIAL LEARNING PROGRAMS BASED ON HLM'S FLEET OF TRADITIONAL COXED FOUR AND SIX OAR PILOT GIGS, IMMERSES HUNDREDS OF...

HOME WATERS PROGRAM: BOSTON AND SOUTH SHORE-BASED OPEN WATER ROWING AND EXPERIENTIAL LEARNING PROGRAMS BASED ON HLM'S FLEET OF TRADITIONAL COXED FOUR AND SIX OAR PILOT GIGS, IMMERSES HUNDREDS OF ADULTS AND CHILDREN YEAR IN THE VALUES AND SKILLS OF THE 19TH CENTURY LIFESAVERS. OPERATIONS INCLUDE FREE ROWING PROGRAMS FOR BOSTON PUBLIC SCHOOL STUDENTS AND ADULT MEMBERSHIP ROWING IN HULL AND BOSTON.

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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 $284,885

Program Service Revenue $125,664

Investment Income $4

Other Revenue $39,599

TOTAL REVENUE $450,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,391

Fundraising Expenses $56,475

Program Expenses $314,257

Other Expenses $150,736

TOTAL EXPENSES $422,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$450,152	$384,824	+0.2%
Expenses	$422,127	$441,588	0.0%
Net Income	$28,025	$-56,764	-1.5%

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
ROBERT MACINTYRE	PRESIDENT	6.00	Officer Director	$0	$0	$0
CHAD WOLFE	TREASURER	5.00	Officer Director	$0	$0	$0
DOLLY SNOW BICKNELL	CLERK	5.00	Officer Director	$0	$0	$0
NOWELL BLOOMENTHAL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVEN CLANCY	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN STANLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
HELEN GOULD	BOARD MEMBER	2.00	Director	$0	$0	$0
MARC MCDONELL	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN CLANCY	BOARD MEMBER	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	$450,152	$422,127	$1,141,290	$28,025
2023	$384,824	$441,588	$1,115,406	$-56,764
2022	$426,501	$338,280	$1,209,929	$88,221
2021	$226,305	$239,990	$699,527	$-13,685
2020	$291,911	$286,092	$730,019	$5,819
2019	$318,400	$340,777	$275,062	$-22,377
2018	$320,212	$390,492	$282,561	$-70,280
2017	$380,693	$438,092	$299,176	$-57,399