DAVID WARTHER CARVINGS (EIN 262418158) - 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

2008

Legal Domicile

Principal Officer

DAVID WARTHER II

Phone

3308526096

Tax Period

2023-01-01 to 2023-12-31

DAVID WARTHER CARVINGS, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $785K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $599K, a strong 76% operating margin.

Mission

TO PRESERVE AND SHARE THE CARVINGS OF DAVID WARTHER II FOR THEIR EDUCATIONAL VALUE, ARTISTIC EXCELLENCE AND SIGNIFICANCE TO MARITIME 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 $1,100

Program Service Revenue $211,075

Investment Income $483,642

Other Revenue $88,968

TOTAL REVENUE $784,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,764

Fundraising Expenses $0

Program Expenses $122,533

Other Expenses $124,314

TOTAL EXPENSES $186,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$784,785	$1,142,487	-0.3%
Expenses	$186,078	$163,883	+0.1%
Net Income	$598,707	$978,604	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WARTHER II	BOARD CHAIRM	20.00	Officer Director	$0	$0	$0
TESSA COMPTON	SECRETARY	1.00	Officer	$0	$0	$0
CASEY PERKOWSKI	BOARD MEMBER	1.00	Officer	$0	$0	$0
VINCE PERKOWSKI	VICE CHAIR	1.00	Officer	$0	$0	$0
JOHN SAYLOR	BOARD MEMBER	1.00	Officer	$0	$0	$0
ADRIAN SCHAAR	TREASURER	1.00	Officer	$0	$0	$0
TERRY STEEL	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$784,785	$186,078	$3,898,932	$598,707
2022	$1,142,487	$163,883	$3,483,966	$978,604
2021	$346,354	$151,287	$2,565,311	$195,067
2020	$514,549	$132,165	$2,300,456	$382,384
2019	$184,804	$138,691	$2,066,531	$46,113
2018	$163,084	$143,233	$2,019,799	$19,851

DAVID WARTHER CARVINGS