THE WHALING MUSEUM SOCIETY INC

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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

1936

Legal Domicile

Phone

6313673418

Tax Period

2023-01-01 to 2023-12-31

THE WHALING MUSEUM SOCIETY INC, founded in 1936, is a small nonprofit in the Arts, Culture & Humanities sector that reported $681K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $606K left a modest 11% surplus.

Mission

The Museum engages the community in exploring the diversity of our whaling heritage and its impacts to enrich and inform our lives.

Program Service Accomplishments

Program 1

Expenses: $454,976

THE SERVICES PROVIDED INCLUDE TOURS AND EDUCATIONAL PROGRAMS. VISITORS TO THE MUSEUM RECEIVE INSIGHT INTO THE WHALING INDUSTRY AS WELL AS THE LIFE CYCLES AND BIOLOGICAL ATTRIBUTES OF WHALES...

THE SERVICES PROVIDED INCLUDE TOURS AND EDUCATIONAL PROGRAMS. VISITORS TO THE MUSEUM RECEIVE INSIGHT INTO THE WHALING INDUSTRY AS WELL AS THE LIFE CYCLES AND BIOLOGICAL ATTRIBUTES OF WHALES, INCLUDING THE NEED TO PRESERVE THE WHALE POPULATION.

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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 $276,939

Program Service Revenue $251,447

Investment Income $101,199

Other Revenue $51,173

TOTAL REVENUE $680,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $413,098

Fundraising Expenses $37,933

Program Expenses $454,976

Other Expenses $192,480

TOTAL EXPENSES $605,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$680,758	$450,462	+0.5%
Expenses	$605,578	$576,562	+0.1%
Net Income	$75,180	$-126,100	-1.6%

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

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN PRITCHARD	Trustee	1.00	Director	$90,000	$0	$90,000
WILLIAM BIANGASSO	Treasurer	1.00	Director	$0	$0	$0
PAT AITKEN	Trustee	1.00	Director	$0	$0	$0
ANTHONY SARCHIAPONE	President	1.00	Officer Director	$0	$0	$0
JENNIFER ANDERSON PHD	Trustee	1.00	Director	$0	$0	$0
THOMAS R CANGEMI	Trustee	1.00	Director	$0	$0	$0
JUDY PALUMBO	Trustee	1.00	Director	$0	$0	$0
WILL GROVER	Trustee	1.00	Director	$0	$0	$0
STEPHEN STOLZE	Trustee	1.00	Director	$0	$0	$0
ROBERT P HOEY	Trustee	1.00		$0	$0	$0
JOHN T TANCREDI PHD	Trustee	1.00		$0	$0	$0
NOMI DAYAN	Executive Dir.	40.00	Officer	$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	$680,758	$605,578	$3,297,672	$75,180
2022	$450,462	$576,562	$2,972,664	$-126,100
2021	$629,201	$505,808	$3,712,307	$123,393
2020	$649,388	$492,522	$3,473,943	$156,866
2019	$497,360	$591,867	$3,134,807	$-94,507
2018	$575,689	$581,480	$2,878,784	$-5,791