THE GLOUCESTER ADVENTUREINC (EIN 043020719) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

JOHN MORRIS

Phone

9782818079

Tax Period

2024-01-01 to 2024-12-31

THE GLOUCESTER ADVENTUREINC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $785K in total revenue in fiscal year 2024. Net assets of $1.7M represent 27 months of operating reserves.

Mission

PRESERVATION OF NATIONAL HISTORIC LANDMARK FISHING SCHOONER AND HISTORY EDUCATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $536,276

Program Service Revenue $113,427

Investment Income $1,665

Other Revenue $133,437

TOTAL REVENUE $784,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,389

Fundraising Expenses $0

Program Expenses $601,980

Other Expenses $421,098

TOTAL EXPENSES $824,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$784,805	$745,862	+0.1%
Expenses	$824,487	$784,380	+0.1%
Net Income	$-39,682	$-38,518	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
GREG BOVER	PRESIDENT	20.00	Officer Director	$0	$0	$0
WILLIAM BARTON	DIRECTOR	8.00	Director	$0	$0	$0
TOM DEXTER	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSANNAH WINDER	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM WHITNEY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID RHINELANDER	DIRECTOR	2.00	Director	$0	$0	$0
MARGOT HINTLIAN	TREASURER	3.00	Officer Director	$0	$0	$0
ELIZABETH RHINELANDER	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH RIAF	DIRECTOR	2.00	Director	$0	$0	$0
JIM TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN JACQUES	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA BYNUM	DIRECTOR	10.00	Director	$0	$0	$0
DAN GULIANO	DIRECTOR	2.00	Director	$0	$0	$0
JOHN THOMPSON	DIRECTOR	5.00	Officer Director	$0	$0	$0
JONATHEN IANNACONE	DIRECTOR	2.00	Director	$0	$0	$0
ERIC LUSTING	DIRECTOR	2.00	Director	$0	$0	$0
PETER SOUZA	VICE PRESIDENT-OPERATIONS	10.00	Officer	$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	$784,805	$824,487	$2,143,470	$-39,682
2023	$745,862	$784,380	$2,256,111	$-38,518
2022	$643,885	$817,056	$2,237,353	$-173,171
2021	$638,810	$734,123	$2,411,119	$-95,313
2021	$638,810	$695,321	$2,449,921	$-56,511
2020	$374,673	$535,214	$2,530,929	$-160,541
2019	$618,443	$696,957	$2,591,241	$-78,514
2018	$515,054	$736,690	$2,740,581	$-221,636

THE GLOUCESTER ADVENTUREINC