Newburyport Maritime Society Inc (EIN 237013467) - 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

1968

Legal Domicile

Principal Officer

Robert Cronin

Phone

9784628681

Tax Period

2023-01-01 to 2023-12-31

Newburyport Maritime Society Inc, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $347K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $459K exceeded revenue, resulting in a 32% operating deficit.

Mission

To protect, preserve and interpret the martime heritage of the lower Merrimack Valley region and how it relates to American History

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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 $288,412

Program Service Revenue $39,765

Investment Income $20,261

Other Revenue $-1,391

TOTAL REVENUE $347,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,414

Fundraising Expenses $62,397

Program Expenses $266,781

Other Expenses $162,908

TOTAL EXPENSES $459,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,047	$548,430	-0.4%
Expenses	$459,157	$364,491	+0.3%
Net Income	$-112,110	$183,939	-1.6%

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

$12,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sharon Spieldenner	Director	1.00	Director	$0	$0	$0
Paul Siwndlehurst	Director	1.00	Director	$0	$0	$0
Nita Lamborghini	Vice President	1.00	Director	$0	$0	$0
Thomas Strickler	Director	1.00	Director	$0	$0	$0
Jonathan Burke	Director	1.00	Director	$0	$0	$0
Robert Cronin	Director	1.00	Director	$0	$0	$0
Susan Finneran	Director	1.00	Director	$0	$0	$0
Mary Leen	Director	1.00	Director	$0	$0	$0
Ted Olsson	Director	1.00	Director	$0	$0	$0
Mark Werner	Director	1.00	Director	$0	$0	$0
Jennifer Bogard	Director	1.00	Director	$0	$0	$0
Jennifer Germain	Clerk	1.00	Officer Director	$0	$0	$0
Charles Tontar	Treasurer	1.00	Officer Director	$0	$0	$0
Jack Santos	President	1.00	Officer Director	$0	$0	$0
James Russell	Executive Director	40.00	Officer	$12,115	$0	$12,115

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	$347,047	$459,157	$2,272,489	$-112,110
2022	$548,430	$364,491	$2,329,514	$183,939
2021	$408,073	$264,954	$2,233,036	$143,119
2020	$218,407	$310,619	$2,071,006	$-92,212
2019	$302,663	$291,760	$2,115,907	$10,903
2018	$1,442,764	$233,910	$2,061,287	$1,208,854

Newburyport Maritime Society Inc