Sail Power and Steam Museum

EIN: 261473502 501(c)(3) Education

Rockland, ME

Total Revenue
$704,267
Total Expenses
$704,048
Total Assets
$3,021,446
Net Assets
$2,729,061
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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
2007
Legal Domicile
ME
Phone
2075960200
Tax Period
2024-01-01 to 2024-12-31

Sail Power and Steam Museum, founded in 2007, is a small nonprofit in the Education sector that reported $704K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $2.7M represent 47 months of operating reserves.

Mission

To celebrate, honor, experience, and share the story of Maine's maritime heritage.

Program Service Accomplishments

Program 1
Expenses: $494,125

Many programs are designed to be affordable or free and open to the public. Programs feature local historical and maritime educators focused on interactive, experiential learning. Many exhibits are...

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Many programs are designed to be affordable or free and open to the public. Programs feature local historical and maritime educators focused on interactive, experiential learning. Many exhibits are "hands on," with items that can be handled and experienced.Programs are available for schools (or home school students) that can be personalized for the interests and age group visiting.Heritage Tours have been developed for larger adult groups (cruise ships and tour buses) which annually educate thousands of out of state and local visitors in our unique maritime heritage and its influence on Maine and the Midcoast today.Rockland's Harbor Trail has been given an easement through our property which allows public (pedestrian) access along Rockland's working waterfront - an area which once housed the Snow Marine Shipyard, one of our nation's most prolific boatyards in its time.Speaker series have been designed for accessibility - both in person and online.

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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 (2024)

Revenue Breakdown

Contributions & Grants $142,651
Program Service Revenue $267,367
Investment Income $39,135
Other Revenue $255,114
TOTAL REVENUE $704,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $314,359
Fundraising Expenses $26,032
Program Expenses $494,125
Other Expenses $389,689
TOTAL EXPENSES $704,048

Year-over-Year Comparison

2024 2023 Change
Revenue $704,267 $581,618 +0.2%
Expenses $704,048 $546,391 +0.3%
Net Income $219 $35,227 -1.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
13
Volunteers
20

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane R McIntosh Executive Director 40.00
$67,500 $0 $67,500
James Sharp Chairman 10.00
Officer Director
$0 $0 $0
Richard Crossman Vice Chairman 0.00
Officer Director
$0 $0 $0
Kevin Bedford Secretary 0.00
Officer Director
$0 $0 $0
Peter Orne Treasurer 0.00
Officer Director
$0 $0 $0
Ken Barnes Director 0.00
Director
$0 $0 $0
Jim Bowditch Director 0.00
Director
$0 $0 $0
David Doub Director 0.00
Director
$0 $0 $0
Clyde Holmes III Director 0.00
Director
$0 $0 $0
James Genco Director 0.00
Director
$0 $0 $0
George Orestis Director 0.00
Director
$0 $0 $0
Meg Sharp Director 5.00
Director
$0 $0 $0
Robert Williams Director 0.00
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 $704,267 $704,048 $3,021,446 $219
2023 $581,618 $546,391 $3,043,274 $35,227
2022 $1,646,836 $467,054 $2,960,788 $1,179,782
2021 $239,279 $211,573 $1,805,522 $27,706
2021 $389,279 $211,573 $1,955,522 $177,706
2020 $714,533 $134,018 $1,629,914 $580,515
2019 $193,807 $126,085 $1,001,176 $67,722
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