THE SCHOONER WESTERN UNION PRESERVATION SOCIETY INC (EIN 205958968) - 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

2006

Legal Domicile

Phone

3052943685

Tax Period

2024-01-01 to 2024-12-31

THE SCHOONER WESTERN UNION PRESERVATION SOCIETY INC, founded in 2006, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $117 in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 1128% operating deficit.

Mission

RESTORATION AND MAINTENANCE OF HISTORIC VESSEL TO BENEFIT THE LOCAL COMMUNITY AND FOR EDUCATION OUTREACH PROGRAMS

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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 $0

Program Service Revenue $0

Investment Income $117

Other Revenue $0

TOTAL REVENUE $117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,437

Other Expenses $1,437

TOTAL EXPENSES $1,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117	$898	-0.9%
Expenses	$1,437	$424	+2.4%
Net Income	$-1,320	$474	-3.8%

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

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
Pat Carney	Director	0.00	Director	$0	$0	$0
Guy DeBoer	Director	1.00	Director	$0	$0	$0
Craig Cates	Director	0.00	Director	$0	$0	$0
Edwin O Swift	Director	1.00	Director	$0	$0	$0
Donald Yates	Secretary	1.00	Officer Director	$0	$0	$0
John Dolan-Heitlinger	Treas/Chairman	1.00	Officer 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	$117	$1,437	$2,352,568	$-1,320
2023	$898	$424	$2,353,888	$474
2022	$92	$272	$2,353,414	$-180
2021	$80	$397	$2,353,594	$-317
2020	$127,239	$9,991	$2,353,911	$117,248
2019	$60,033	$13,963	$2,282,991	$46,070
2018	$3,785	$765	$2,055,643	$3,020

THE SCHOONER WESTERN UNION PRESERVATION SOCIETY INC