Lowell's Maritime Foundation Inc (EIN 061793898) - 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

2006

Legal Domicile

Principal Officer

Graham McKay

Phone

9788340050

Tax Period

2024-01-01 to 2024-12-31

Lowell's Maritime Foundation Inc, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $460K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

To preserve and perpetuate the art and craft of wooden boat building and promote the history of Lowells Boat Shop and its environs.

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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 $299,294

Program Service Revenue $78,314

Investment Income $20,550

Other Revenue $62,101

TOTAL REVENUE $460,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,272

Fundraising Expenses $41,375

Program Expenses $301,652

Other Expenses $152,653

TOTAL EXPENSES $449,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,259	$425,168	+0.1%
Expenses	$449,925	$426,475	+0.1%
Net Income	$10,334	$-1,307	-8.9%

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

Volunteers

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

$75,602

Total Directors

$32,954

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Barton	Chairman	1.00	Officer Director	$0	$0	$0
Frank Morse	Vice Chair	1.00	Officer Director	$0	$0	$0
Cathy Tymowski	Treasurer	1.00	Officer Director	$0	$0	$0
Bethany Dorau	Secretary	1.00	Officer Director	$0	$0	$0
Tom Valeo	Director	1.00	Director	$0	$0	$0
Rosamond Smith	Director	20.00	Director	$32,954	$0	$32,954
Pamela Bates	Director	1.00	Director	$0	$0	$0
Patty Hoyt	Director	1.00	Director	$0	$0	$0
Tyler Drolet	Director	1.00	Director	$0	$0	$0
Ward Caswell	Director	1.00	Director	$0	$0	$0
Tim Broadrick	Director	1.00	Director	$0	$0	$0
Allan Jarvis	Director	1.00	Director	$0	$0	$0
Graham McKay	Executive Director	40.00	Officer	$75,602	$0	$75,602

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	$460,259	$449,925	$906,991	$10,334
2023	$425,168	$426,475	$881,845	$-1,307
2022	$403,104	$386,081	$863,202	$17,023
2021	$436,677	$374,552	$903,068	$62,125
2020	$493,152	$344,112	$830,671	$149,040
2019	$434,990	$342,361	$656,980	$92,629
2018	$354,455	$273,314	$553,197	$81,141

Lowell's Maritime Foundation Inc