THE ANTIQUE BOAT MUSEUM (EIN 222319606) - 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

1980

Legal Domicile

Principal Officer

STEPHANIE ENGHUSEN

Phone

3156864104

Tax Period

2023-01-01 to 2023-12-31

THE ANTIQUE BOAT MUSEUM, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Net assets of $20.3M represent 112 months of operating reserves.

Mission

TO COLLECT, PRESERVE, INTERPRET AND CELEBRATE BOATS AND RELATED ARTIFACTS TO ADVANCE PUBLIC UNDERSTANDING OF THE IMPORTANCE OF BOATING TO THE CULTURAL HISTORY OF NORTH AMERICA AND THE ST. LAWRENCE RIVER IN PARTICULAR.

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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 $1,215,776

Program Service Revenue $462,081

Investment Income $365,374

Other Revenue $135,386

TOTAL REVENUE $2,178,617

Expense Breakdown

Grants Paid $22,765

Salaries & Benefits $1,091,439

Fundraising Expenses $23,877

Program Expenses $1,771,147

Other Expenses $1,228,991

TOTAL EXPENSES $2,343,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,178,617	$2,125,467	+0.0%
Expenses	$2,343,195	$2,441,734	0.0%
Net Income	$-164,578	$-316,267	-0.5%

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

110

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

$240,895

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN CROSS STOUT	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
CHARLES S CROW III	CHAIR	2.00	Officer Director	$0	$0	$0
ANDREW MCNALLY V	VICE CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM COSGROVE JR	TREASURER	2.00	Officer Director	$0	$0	$0
HAROLD JOHNSON II	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT EASTON	TRUSTEE	2.00	Director	$0	$0	$0
DONALD BABCOCK	TRUSTEE	2.00	Director	$0	$0	$0
ADDISON VARS III	TRUSTEE	2.00	Director	$0	$0	$0
ERIC MOWER	TRUSTEE	2.00	Director	$0	$0	$0
DAN FRENCH	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM BONISTEEL	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE MESIRES	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH PAL	TRUSTEE	2.00	Director	$0	$0	$0
PAUL REGAN JR	TRUSTEE	2.00	Director	$0	$0	$0
PAUL REGAN III	TRUSTEE	2.00	Director	$0	$0	$0
LISA WEBER	TRUSTEE	2.00	Director	$0	$0	$0
LAURA RAWSON BUTRICO	SECRETARY	2.00	Officer Director	$0	$0	$0
BRADFORD SCHWALM	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY MOLLICA	TRUSTEE	2.00	Director	$0	$0	$0
REBECCA HOPFINGER	EXECUTIVE DIRECTOR	35.00	Officer	$128,498	$18,465	$146,963
STEPHANIE ENGHUSEN	CONTROLLER	35.00	Officer	$85,393	$8,539	$93,932

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	$2,178,617	$2,343,195	$21,671,324	$-164,578
2022	$2,125,467	$2,441,734	$20,926,948	$-316,267
2021	$5,416,390	$2,165,430	$21,965,515	$3,250,960
2020	$1,615,927	$2,048,477	$17,262,891	$-432,550
2019	$2,049,890	$2,106,927	$17,512,693	$-57,037
2018	$1,694,698	$1,942,885	$16,723,853	$-248,187

THE ANTIQUE BOAT MUSEUM