THE MARITIME AQUARIUM AT NORWALK INC (EIN 061062912) - 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

1982

Legal Domicile

Principal Officer

JASON PATLIS

Phone

2038520700

Tax Period

2024-07-01 to 2025-06-30

THE MARITIME AQUARIUM AT NORWALK INC, founded in 1982, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $20.5M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 16% operating margin.

Mission

SEE PART III, LINE 1.

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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 $9,364,957

Program Service Revenue $10,153,126

Investment Income $454,677

Other Revenue $511,208

TOTAL REVENUE $20,483,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,294,680

Fundraising Expenses $399,039

Program Expenses $13,180,964

Other Expenses $7,878,757

TOTAL EXPENSES $17,173,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,483,968	$16,484,562	+0.2%
Expenses	$17,173,437	$16,070,620	+0.1%
Net Income	$3,310,531	$413,942	+7.0%

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

222

Volunteers

282

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

$321,811

Total Directors

Key Employees

$486,821

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAYTON FOWLER	CHAIR	3.00	Officer Director	$0	$0	$0
WILLIAM BURNHAM	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
NEIL BEUP	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD HOKIN	TREASURER	1.00	Officer Director	$0	$0	$0
NOVELETTE PETERKIN	SECRETARY	1.00	Officer Director	$0	$0	$0
EARL MIX	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
KATHRYN BOWLER MITCHELL	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN BIDOLLI	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
NORM BLOOM	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN CONROY	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT COUNIHAN	TRUSTEE	1.00	Director	$0	$0	$0
REV DR LINDSAY CURTIS	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL DE VONISH	TRUSTEE	1.00	Director	$0	$0	$0
SHARON GIESE	TRUSTEE	1.00	Director	$0	$0	$0
ANN GILMARTIN	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
JIM HALL	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA JOAN HART	TRUSTEE (UNTIL 12/2024)	1.00	Director	$0	$0	$0
NATALIE SIMPSON LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
BASIL MAVROLEON	TRUSTEE (FROM 12/2024)	1.00	Director	$0	$0	$0
DEBORAH MCLEAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL REILLY	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
THE HON HARRY RILLING	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
DIANE SCHLINKERT	TRUSTEE	1.00	Director	$0	$0	$0
HARLAN STONE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WEINSTOCK	TRUSTEE	1.00	Director	$0	$0	$0
JASON PATLIS	PRESIDENT & CEO	40.00	Officer	$277,769	$44,042	$321,811
DANIELLE TRANZILLO	CHIEF STRATEGY & GROWTH OFFICER	40.00	Key Emp	$202,981	$41,460	$244,441
DAVID J TRUEDSON	COO	40.00	Key Emp	$195,555	$46,825	$242,380
MEGAN LOOMER	VP OF FINANCE (UNTIL 12/2024)	40.00	Highest	$181,464	$10,556	$192,020
THOMAS A NAIMAN	VP OF EDUCATION	40.00	Highest	$156,604	$9,617	$166,221
TRICE JODI	DIRECTOR OF P&C	40.00	Highest	$115,846	$41,588	$157,434
CROSBY SARAH	DIRECTOR OF C&P	40.00	Highest	$106,148	$36,243	$142,391
BEAMONTE CARLOS	DIRECTOR OF FACILITIES	40.00	Highest	$107,187	$6,680	$113,867

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
2025	$20,483,968	$17,173,437	$32,038,448	$3,310,531
2024	$16,484,562	$16,070,620	$27,233,562	$413,942
2023	$16,120,847	$14,326,913	$25,126,786	$1,793,934
2022	$18,240,112	$13,247,564	$22,903,050	$4,992,548
2021	$11,308,442	$9,771,927	$19,089,489	$1,536,515
2020	$7,998,320	$10,537,490	$20,986,448	$-2,539,170
2019	$16,220,239	$12,549,173	$22,770,312	$3,671,066
2018	$11,441,286	$12,906,434	$22,871,999	$-1,465,148

THE MARITIME AQUARIUM AT NORWALK INC