The Owls Head Transportation Museum

EIN: 222590547 501(c)(3) Arts, Culture & Humanities

Owls Head, ME

Total Revenue
$4,545,442
Total Expenses
$2,459,286
Total Assets
$17,394,452
Net Assets
$17,258,738
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
ME
Principal Officer
John Bottero
Phone
2075944418
Tax Period
2023-01-01 to 2023-12-31

The Owls Head Transportation Museum, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 46% operating margin.

Mission

Collect, preserve, exhibit, and operate pre-1940 aircraft, ground vehicles, engines, and related technologies significant to the evolution of transportation for the purpose of education.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,215,528
Program Service Revenue $311,619
Investment Income $570,078
Other Revenue $448,217
TOTAL REVENUE $4,545,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,436,843
Fundraising Expenses $274,608
Program Expenses $1,687,806
Other Expenses $1,022,443
TOTAL EXPENSES $2,459,286

Year-over-Year Comparison

2023 2022 Change
Revenue $4,545,442 $3,071,810 +0.5%
Expenses $2,459,286 $2,408,941 +0.0%
Net Income $2,086,156 $662,869 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
14
Employees
34
Volunteers
130

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
5
$117,950
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles T Akre Trustee 1.00
Director
$0 $0 $0
Duncan W Brown Trustee 1.00
Director
$0 $0 $0
Richard G Cease Trustee 1.00
Director
$0 $0 $0
Rodney D Gray Trustee 1.00
Director
$0 $0 $0
Robert T Jacobs Trustee 1.00
Director
$0 $0 $0
Ruth Kermish-Allen Trustee 1.00
Director
$0 $0 $0
Marjorie Lang Trustee 1.00
Director
$0 $0 $0
Steven Lang Founder & Trustee Emeritus 1.00
Director
$0 $0 $0
Steve Levesque Trustee 1.00
Director
$0 $0 $0
John Reed Trustee 1.00
Director
$0 $0 $0
James S Rockefeller Jr Founder 1.00
Director
$0 $0 $0
Lawrence M Woodworth Trustee 1.00
Director
$0 $0 $0
Thomas H Rudder Chairman 5.00
Officer Director
$0 $0 $0
Gary C Dunton Co-Treasurer 1.00
Officer Director
$0 $0 $0
John D Karp Co-Treasurer 3.00
Officer Director
$0 $0 $0
John Harris Secretary 1.00
Officer Director
$0 $0 $0
John Bottero Executive Director 40.00
Officer
$104,283 $13,667 $117,950
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 $4,545,442 $2,459,286 $17,394,452 $2,086,156
2022 $3,071,810 $2,408,941 $13,929,530 $662,869
2021 $4,437,392 $2,079,660 $15,737,697 $2,357,732
2020 $1,957,202 $1,761,467 $11,816,599 $195,735
2019 $1,764,015 $2,120,667 $10,783,907 $-356,652
2018 $1,803,369 $1,921,411 $9,415,814 $-118,042
2017 $1,663,455 $1,816,578 $10,075,779 $-153,123
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