NEW LONDON MARITIME SOCIETY INC

EIN: 061086688 501(c)(3)

NEW LONDON, CT

Total Revenue
$298,657
Total Expenses
$238,013
Total Assets
$574,573
Net Assets
$570,921
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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
1983
Legal Domicile
CT
Principal Officer
JOHN DESJARDINS
Phone
8604472501
Tax Period
2023-01-01 to 2023-12-31

NEW LONDON MARITIME SOCIETY INC, founded in 1983, is a small nonprofit that reported $299K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $61K, a strong 20% operating margin.

Mission

THE ORGANIZATION OPERATES A MARITIME MUSEUM TO PRESERVE AND PROMOTE THE MARITIME HISTORY OF THE PEOPLE, PORT, AND THE CITY OF NEW LONDON, CONNECTICUT. THE ORGANIZATION SPONSORS PROGRAMS AND EXHIBITS WHICH EDUCATE THE PUBLIC ABOUT MARITIME HISTORY AND EVENTS RELATED TO THE SEA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $275,984
Program Service Revenue $13,308
Investment Income $2,905
Other Revenue $6,460
TOTAL REVENUE $298,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $88,996
Fundraising Expenses $0
Program Expenses $232,899
Other Expenses $149,017
TOTAL EXPENSES $238,013

Year-over-Year Comparison

2023 2022 Change
Revenue $298,657 $365,125 -0.2%
Expenses $238,013 $259,459 -0.1%
Net Income $60,644 $105,666 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
20

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
4
$72,544
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN DESJARDINS PRESIDENT 4.00
Officer Director
$0 $0 $0
ALAN LYON TREASURER 4.00
Officer Director
$0 $0 $0
REGAN MORSE SECRETARY 4.00
Officer Director
$0 $0 $0
ADRIANNA BATES DIRECTOR 1.00
Director
$0 $0 $0
LLOYD BEACHY DIRECTOR 1.00
Director
$0 $0 $0
STEVE HAMBEY DIRECTOR 1.00
Director
$0 $0 $0
MARK LENDER DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH MACO DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW MALE DIRECTOR 1.00
Director
$0 $0 $0
ED UDITIS DIRECTOR 1.00
Director
$0 $0 $0
TED WEBB DIRECTOR 1.00
Director
$0 $0 $0
SUSAN TAMULEVICH EXECUTIVE DI 40.00
Officer
$72,544 $0 $72,544
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 No data No data No data No data
2024 No data No data No data No data
2023 $298,657 $238,013 $574,573 $60,644
2022 $365,125 $259,459 $532,429 $105,666
2021 $181,894 $161,708 $453,543 $20,186
2020 $164,745 $188,999 $475,293 $-24,254
2019 $127,612 $178,074 $504,078 $-50,462
2018 $220,446 $202,890 $566,062 $17,556
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