THE ANTIQUE AND CLASSIC BOAT SOCIE… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

LORA NADOLSKI HANSON

Phone

3156862628

Tax Period

2024-12-01 to 2025-11-30

THE ANTIQUE AND CLASSIC BOAT SOCIETY INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $480K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $539K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE AN ORGANIZATION FOR INDIVIDUALS WITH A COMMON INTEREST IN THE PRESERVATION OF HISTORIC, ANTIQUE, AND CLASSIC BOATS.

Program Service Accomplishments

Program 1

Expenses: $377,280 Revenue: $309,540

THE ORGANIZATION PROMOTES THE LOVE AND ENJOYMENT OF ALL ASPECTS OF CLASSIC BOATING. IN FURTHERANCE OF THAT GOAL, ACBS ALSO PROVIDES SCHOLARSHIPS TO WORTHY STUDENTS SEEKING CAREERS IN THE FIELD OF...

THE ORGANIZATION PROMOTES THE LOVE AND ENJOYMENT OF ALL ASPECTS OF CLASSIC BOATING. IN FURTHERANCE OF THAT GOAL, ACBS ALSO PROVIDES SCHOLARSHIPS TO WORTHY STUDENTS SEEKING CAREERS IN THE FIELD OF ANTIQUE MARINE RESTORATION AND PRESERVATION. ACBS ALSO ACTS AS A CENTRAL GOVERNING BODY FOR THE CLASSIC BOATING HOBBY AND OUR CHAPTERS.MEMBERSHIP IN ACBS ALSO PROVIDES ACCESS TO A RANGE OF INFORMATION RANGING FROM OUR AWARD WINNING MAGAZINE, THE RUDDER, TO RESTORATION VIDEOS AND NUMEROUS MEMBER DISCOUNTS, INCLUDING DISCOUNTS ON BOAT INSURANCE. OUR REGULAR ACTIVITIES INCLUDE BOAT SHOWS, RESTORATION SYMPOSIUMS, AND QUARTERLY MEETINGS IN SOME OF THE MOST BEAUTIFUL BOATING AREAS IN NORTH AMERICA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,755

Program Service Revenue $309,400

Investment Income $41,568

Other Revenue $102,434

TOTAL REVENUE $480,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,300

Fundraising Expenses $0

Program Expenses $377,280

Other Expenses $350,609

TOTAL EXPENSES $538,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$480,157	$507,153	-0.1%
Expenses	$538,909	$543,299	0.0%
Net Income	$-58,752	$-36,146	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$113,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BJORN BAKKEN	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE BORTNER	MEMBER	1.00	Director	$0	$0	$0
ED ANDREWS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN RUSKOWSKI	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
JIM BARRICK	MEMBER	1.00	Director	$0	$0	$0
JIM FOELLER	MEMBER	1.00	Director	$0	$0	$0
JOHN HEIDERICH	MEMBER	1.00	Director	$0	$0	$0
KATHLEEN CROSS STOUT	MEMBER	1.00	Director	$0	$0	$0
KATHY RHODES	MEMBER	1.00	Director	$0	$0	$0
LINDY ROBINSON	MEMBER	1.00	Director	$0	$0	$0
DON LEUTZ	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
ROB CASSELL	SECRETARY	1.00	Officer Director	$0	$0	$0
ROB LYONS	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE RYAN	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
ALICIA BOARDMAN	MEMBER	1.00	Director	$0	$0	$0
TIM BUSH	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
NEIL SATTERLY	MEMBER	1.00	Director	$0	$0	$0
LORA NADOLSKI HANSON	EXECUTIVE DIRECTOR	40.00	Officer	$98,868	$14,944	$113,812

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	$480,157	$538,909	$1,478,150	$-58,752
2024	$507,153	$543,299	$1,545,715	$-36,146
2023	$395,847	$516,075	$1,395,836	$-120,228
2022	$457,359	$468,783	$1,465,431	$-11,424
2021	$507,295	$404,384	$1,544,435	$102,911
2020	$373,993	$428,732	$1,344,233	$-54,739
2019	$531,935	$419,192	$1,358,244	$112,743
2018	$504,436	$505,459	$1,207,781	$-1,023

THE ANTIQUE AND CLASSIC BOAT SOCIETY INC