ATLANTIC CHALLENGE FOUNDATION INC DBA THE APPRENTICESHOP (EIN 223132234) - 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

1991

Legal Domicile

Principal Officer

STEVE ANDERSON

Phone

2075941800

Tax Period

2024-01-01 to 2024-12-31

ATLANTIC CHALLENGE FOUNDATION INC DBA THE APPRENTICESHOP, founded in 1991, is a small nonprofit in the International Affairs sector that reported $733K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $682K left a modest 7% surplus.

Mission

The Apprenticeshop is a community that cultivates thinkers, makers, and doers through traditional boat building and seamanship to navigate an ever-changing world.

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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 $490,010

Program Service Revenue $159,874

Investment Income $13,869

Other Revenue $69,664

TOTAL REVENUE $733,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,389

Fundraising Expenses $6,423

Program Expenses $510,464

Other Expenses $231,108

TOTAL EXPENSES $682,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$733,417	$616,463	+0.2%
Expenses	$682,497	$690,927	0.0%
Net Income	$50,920	$-74,464	-1.7%

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

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

$61,694

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISABELLA ZP FERACCI	Executive Dir.	40.00	Officer	$61,694	$0	$61,694
TIM CLARK	Director	1.00	Director	$0	$0	$0
DAVID COCKEY	Director	2.00	Director	$0	$0	$0
FRANCIS I BLAIR	Director	1.00	Director	$0	$0	$0
JULIA CARLTON	Director	1.00	Director	$0	$0	$0
STEVE ANDERSON	Chairman	4.00	Officer Director	$0	$0	$0
KEN PRIDE	Vice Chair	1.00	Officer Director	$0	$0	$0
LEIGH WILLIAMS	Director	1.00	Director	$0	$0	$0
WHITNEY FILES	Treasurer	2.00	Officer Director	$0	$0	$0
ROBERT JOHNSTON	Secretary	1.00	Officer Director	$0	$0	$0
JENNY GOLD	Director	1.00	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	$733,417	$682,497	$746,164	$50,920
2023	$616,463	$690,927	$707,313	$-74,464
2022	$682,608	$683,788	$815,188	$-1,180
2021	$689,470	$609,882	$818,704	$79,588
2020	$560,576	$527,025	$710,011	$33,551
2019	$514,634	$576,857	$684,170	$-62,223
2018	$526,297	$564,063	$776,915	$-37,766

ATLANTIC CHALLENGE FOUNDATION INC DBA THE APPRENTICESHOP