DUXBURY BAY MARITIME SCHOOL 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

1997

Legal Domicile

Principal Officer

CHARLES LEONARD

Phone

7819347555

Tax Period

2023-11-01 to 2024-10-31

DUXBURY BAY MARITIME SCHOOL INC, founded in 1997, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Expenses of $3.1M left a modest 4% surplus.

Mission

TO CONNECT PEOPLE OF ALL AGES, ABILITIES AND MEANS TO DUXBURY BAY THROUGH EDUCATIONAL AND RECREATIONAL PROGRAMS THAT STIMULATE INDIVIDUAL GROWTH AND AN ENDURING LOVE AND APPRECIATION OF THE SEA.

Program Service Accomplishments

Program 1

Expenses: $1,096,597 Revenue: $517,950

MARITIME EDUCATION SERVICES INCLUDE A WIDE VARIETY OF BOTH WATER AND LAND BASED EDUCATIONAL AND RECREATIONAL ACTIVITIES, INCLUDING MARINE SCIENCE, POWER BOATING, KAYAKING AND SUP CLASSES...

MARITIME EDUCATION SERVICES INCLUDE A WIDE VARIETY OF BOTH WATER AND LAND BASED EDUCATIONAL AND RECREATIONAL ACTIVITIES, INCLUDING MARINE SCIENCE, POWER BOATING, KAYAKING AND SUP CLASSES (APPROXIMATELY 1,000 PARTICIPANTS).

Program 2

Expenses: $938,763 Revenue: $664,444

ROWING PROGRAMS ARE OFFERED FOR ALL AGES ON BOTH A COMPETITIVE AND RECEREATIONAL LEVEL, FROM BEGINNER TO ADVANCED. THE PROGRAM INCLUDES APPROXIMATELY 440 PARTICIPANTS.

Program 3

Expenses: $820,524 Revenue: $508,028

SAILING PROGRAMS ARE OFFERED FOR ALL AGES WHICH FOLLOW A PROGRESSION FROM BASIC INSTRUCTION TO REFINED SAILING AND RACING SKILLS TO BUILD SKILLS AND CONFIDENCE NECESSARY TO FEEL AT HOME ON THE WATER...

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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 $874,513

Program Service Revenue $1,690,422

Investment Income $159,833

Other Revenue $540,814

TOTAL REVENUE $3,265,582

Expense Breakdown

Grants Paid $112,295

Salaries & Benefits $1,763,907

Fundraising Expenses $115,483

Program Expenses $2,855,884

Other Expenses $1,261,991

TOTAL EXPENSES $3,138,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,265,582	$3,026,457	+0.1%
Expenses	$3,138,193	$2,753,485	+0.1%
Net Income	$127,389	$272,972	-0.5%

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

141

Volunteers

200

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

$94,043

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALASTAIR ELLIOTT	FINANCE & SYSTEMS DIRECTOR	40.00	Highest	$134,328	$4,046	$138,374
NICOLE WALTERS	SR DIRECTOR OF OPERATIONS	40.00	Highest	$107,120	$3,214	$110,334
ALEXANDRA SPOLSINO	EXECUTIVE DIRECTOR	29.00	Officer	$85,203	$8,840	$94,043
ANN MULLINS	CHAIR THRU 03/2024	1.00	Officer Director	$0	$0	$0
CHARLES LEONARD	BOARD CHAIR AS OF 03/2024	1.00	Officer Director	$0	$0	$0
JOSIE MARSTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PETER HOOVER	TREASURER	1.00	Officer Director	$0	$0	$0
VERONICA MCCARTHY	CLERK	1.00	Officer Director	$0	$0	$0
KEVIN DAHLEN	DIRECTOR	1.00	Director	$0	$0	$0
SUE BRADFORD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WELDON	DIRECTOR	1.00	Director	$0	$0	$0
GARY POWELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MUNCEY	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
PETER LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
HAUKE KITE-POWELL	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HEWITT III	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE BOYNTON	DIRECTOR AS OF 03/2024	1.00	Director	$0	$0	$0
TYLER DEVNEW	DIRECTOR	1.00	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	$3,265,582	$3,138,193	$15,185,576	$127,389
2023	$3,026,457	$2,753,485	$14,566,451	$272,972
2022	$2,773,881	$2,562,591	$14,242,060	$211,290
2021	$3,461,197	$2,217,405	$14,304,736	$1,243,792
2020	$1,871,685	$1,817,281	$15,017,500	$54,404
2019	$4,246,090	$1,738,206	$14,066,602	$2,507,884
2018	$2,871,853	$1,545,730	$10,373,397	$1,326,123