THE MARINERS MUSEUM TR NO 1 XXXXX3… - Form 990 Financial Data

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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

1940

Legal Domicile

Principal Officer

JP MORGAN CHASE BANK N A

Phone

8004962583

Tax Period

2023-09-01 to 2024-08-31

THE MARINERS MUSEUM TR NO 1 XXXXX3005, founded in 1940, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $29.8M represent 185 months of operating reserves.

Mission

AS REQUIRED BY ITS INSTRUMENT, THIS TRUST SUPPORTS THE MARINERS' MUSEUM.

Program Service Accomplishments

Program 1

Expenses: $1,986,825

AS REQUIRED BY ITS INSTRUMENT, THIS TRUST SUPPORTS THE MARINERS' MUSEUM THROUGH THE DISTRIBUTION OF ITS INCOME TO THE MARINERS' MUSEUM.

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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 $0

Program Service Revenue $0

Investment Income $1,899,197

Other Revenue $30,534

TOTAL REVENUE $1,929,731

Expense Breakdown

Grants Paid $1,950,626

Salaries & Benefits $85,022

Fundraising Expenses $0

Program Expenses $1,986,825

Other Expenses $56,284

TOTAL EXPENSES $2,091,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,929,731	$2,721,362	-0.3%
Expenses	$2,091,932	$1,963,296	+0.1%
Net Income	$-162,201	$758,066	-1.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SKINNER	CO-TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0		$85,022	$0	$85,022

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	$1,929,731	$2,091,932	$29,798,436	$-162,201
2023	$2,721,362	$1,963,296	$29,963,656	$758,066
2022	$2,578,588	$2,036,548	$29,205,844	$542,040
2021	$2,644,762	$1,853,976	$28,659,817	$790,786
2020	$981,641	$1,881,465	$27,873,105	$-899,824
2019	$2,191,182	$1,848,758	$28,791,550	$342,424

THE MARINERS MUSEUM TR NO 1 XXXXX3005