SEAPORT MUSEUM NEW YORK (EIN 132596500) - 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

1967

Legal Domicile

Principal Officer

DAVID SHEEHAN

Phone

2127488600

Tax Period

2023-01-01 to 2023-12-31

SEAPORT MUSEUM NEW YORK, founded in 1967, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.5M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 18% operating margin.

Mission

THE MUSEUM'S PRIMARY PURPOSE IS TO PRESERV/INTERPRET THE HISTORY OF NEW YORK AS A WORLD PORT

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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 $4,701,767

Program Service Revenue $309,230

Investment Income $61,303

Other Revenue $1,399,216

TOTAL REVENUE $6,471,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,282,230

Fundraising Expenses $442,629

Program Expenses $3,711,482

Other Expenses $2,023,468

TOTAL EXPENSES $5,305,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,471,516	$12,195,681	-0.5%
Expenses	$5,305,698	$5,135,521	+0.0%
Net Income	$1,165,818	$7,060,160	-0.8%

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

$273,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIANA HUUS	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID SHEEHAN	TREASURER	1.00	Officer Director	$0	$0	$0
BEVIN SAVAGE-YAMAZAKI	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG PAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE MCVAY HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
ERNEST TOLLERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CYRUS GENTRY	BOARD MEMBER	1.00	Director	$0	$0	$0
BJJONES	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN BOULWARE	PRESIDENT & CEO	40.00	Officer	$224,122	$49,574	$273,696
MEG FELLERATH	CHIEF OPERATING OFFICER	40.00	Highest	$117,221	$13,677	$130,898
ANNA FRENKEL	VICE PRESIDENT OF EXTERNAL	40.00	Highest	$108,797	$20,547	$129,344

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	$6,471,516	$5,305,698	$26,894,548	$1,165,818
2022	$12,195,681	$5,135,521	$26,722,225	$7,060,160
2021	$3,990,883	$3,860,623	$25,331,264	$130,260
2020	$4,667,951	$3,630,607	$17,379,264	$1,037,344
2019	$4,532,254	$4,636,823	$15,095,284	$-104,569
2018	$4,223,224	$5,356,985	$14,852,203	$-1,133,761

SEAPORT MUSEUM NEW YORK