PHILADELPHIA SHIP PRESERVATION GUILD (EIN 237272425) - 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

1978

Legal Domicile

Principal Officer

MELISSA BLACKSIMMONS

Phone

2152380280

Tax Period

2024-01-01 to 2024-12-31

PHILADELPHIA SHIP PRESERVATION GUILD, founded in 1978, is a small nonprofit that reported $297K in total revenue in fiscal year 2024. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 35% operating margin.

Mission

PSPG is dedicated to Preserving Historic Ships Teaching Seamanship Restoration Skills Maritime Sci Culture Environmental Stewardship

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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 $186,100

Program Service Revenue $20,770

Investment Income $88,052

Other Revenue $2,266

TOTAL REVENUE $297,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,211

Fundraising Expenses $15,369

Program Expenses $110,993

Other Expenses $101,751

TOTAL EXPENSES $191,962

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,188	$138,929	+1.1%
Expenses	$191,962	$140,555	+0.4%
Net Income	$105,226	$-1,626	-65.7%

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

180

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

$23,639

Total Directors

$23,639

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA PICKTON	EXECUTIVE DIRECTOR	35.00	Officer Director	$22,512	$0	$22,512
PATRICK FLYNN	BOARD SECRETARY	15.00	Officer Director	$1,127	$0	$1,127
MELISSA BLACK-SIMMONS	BOARD PRESIDENT	10.00	Officer Director	$0	$0	$0
MARCUS BRANDT	MARINE COMMITEE CHAIR	20.00	Director	$0	$0	$0
JOHN TELENCIO	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBIN SCHIMPF	BOARD MEMBER	5.00	Director	$0	$0	$0
LEON BROOKS	BOARD MEMBER	5.00	Director	$0	$0	$0
DESMOND CHEUNG	BOARD MEMBER	10.00	Director	$0	$0	$0
MARY BETH TOMLINSON	BOARD TREASURER	10.00	Officer Director	$0	$0	$0
LINDA BILLS	RECORDING SECRETARY	30.00	Officer	$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	$297,188	$191,962	$1,936,936	$105,226
2023	$138,929	$140,555	$1,821,701	$-1,626
2022	$136,257	$194,358	$1,758,794	$-58,101
2022	$133,563	$192,424	$1,758,794	$-58,861
2021	$230,008	$187,403	$1,802,346	$42,605
2020	$103,688	$285,546	$1,706,655	$-181,858
2019	$408,809	$253,231	$1,811,001	$155,578
2018	$179,767	$220,750	$1,536,468	$-40,983

PHILADELPHIA SHIP PRESERVATION GUILD