NANTUCKET LIGHTSHIP BASKET MUSEUM INC (EIN 043392961) - 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

1997

Legal Domicile

Principal Officer

SARAH ALGER

Phone

5082281894

Tax Period

2023-01-01 to 2023-12-31

NANTUCKET LIGHTSHIP BASKET MUSEUM INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $162K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $82K, a strong 51% operating margin.

Mission

PROMOTE THE AWARENESS AND APPRECIATION OF LIGHTSHIP BASKETS AND THEIR MAKERS, BY EDUCATING AND ENGAGING THE PUBLIC ABOUT THE COMPLEXITY OF THIS ART FORM UNIQUE TO NANTUCKET. EXHIBITING HISTORIC AND CONTEMPORARY BASKETS.

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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 $111,032

Program Service Revenue $0

Investment Income $55,921

Other Revenue $-5,143

TOTAL REVENUE $161,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $80,036

TOTAL EXPENSES $80,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,810	$1,326,577	-0.9%
Expenses	$80,036	$86,813	-0.1%
Net Income	$81,774	$1,239,764	-0.9%

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

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
ANNABELLE FOWLKES	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN BLOUNT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH ALGER	CLERK	1.00	Officer Director	$0	$0	$0
ROBERT GREENSPON	TREASURER	1.00	Officer Director	$0	$0	$0
NILES PARKER	EXECUTIVE DIRECTOR	0.50	Officer 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	No data	No data	No data	No data
2023	$161,810	$80,036	$2,547,234	$81,774
2022	$1,264,886	$114,337	$2,224,042	$1,150,549
2021	$112,743	$163,332	$1,001,680	$-50,589
2020	$150,029	$238,734	$1,035,727	$-88,705
2019	$428,367	$351,966	$1,265,371	$76,401
2018	$349,176	$261,258	$1,195,835	$87,918

NANTUCKET LIGHTSHIP BASKET MUSEUM INC