THE WATERFRONT MUSEUM (EIN 113569896) - 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

2000

Legal Domicile

Principal Officer

DAVID SHARPS

Phone

7186244719

Tax Period

2024-01-01 to 2024-12-31

THE WATERFRONT MUSEUM, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $301K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $128K, a strong 43% operating margin.

Mission

TO PROVIDE ARTS AND EDUCATION PROGRAMS, WATERFRONT ACCESS AND PROMOTE HISTORIC PRESERVATION

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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 $234,072

Program Service Revenue $54,324

Investment Income $12,164

Other Revenue $236

TOTAL REVENUE $300,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,760

Fundraising Expenses $9,954

Program Expenses $118,347

Other Expenses $128,699

TOTAL EXPENSES $172,459

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,796	$176,745	+0.7%
Expenses	$172,459	$187,644	-0.1%
Net Income	$128,337	$-10,899	-12.8%

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

$89,524

Total Directors

$89,524

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SHARPS	PRESIDENT	40.00	Officer Director	$89,524	$0	$89,524
ANNIK LA FARGE	BOARD CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
NIEL ISBRANDTSEN	TREASURER	1.00	Officer Director	$0	$0	$0
JAYNE K SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA CHACE	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD WEBER ESQUIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES KENNA	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG O'CONNELL	BOARD MEMBER	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	$300,796	$172,459	$673,263	$128,337
2023	$176,745	$187,644	$633,755	$-10,899
2022	$211,333	$155,781	$670,523	$55,552
2021	$102,259	$145,856	$420,169	$-43,597
2020	$74,421	$143,943	$436,836	$-69,522
2019	$92,558	$191,969	$490,656	$-99,411
2018	$146,595	$152,080	$585,002	$-5,485

THE WATERFRONT MUSEUM