SCHOONER ERNESTINA-MORRISSEY ASSOC… - Form 990 Financial Data

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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

JULIUS BRITTO

Phone

5089924900

Tax Period

2022-01-01 to 2022-12-31

SCHOONER ERNESTINA-MORRISSEY ASSOCIATION INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $587K in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 118% operating deficit.

Mission

PURPOSE OF RAISING FUNDS TO PROVIDE FOR THE MAINTENANCE, EQUIPMENT, MANNING, PROGRAMMING AND OPERATION OF THE SCHOONER ERNESTINA EX EFFIE M. MORRISSEY AS A SAIL TRAINING VESSEL, SCHOOL SHIP, AND EDUCATIONAL ENTERPRISE

Program Service Accomplishments

Program 1

Expenses: $1,276,500 Revenue: $450,000

REPAIRS TO THE SCHOONER ERNESTINA-MORRISSEY VESSEL

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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 (2022)

Revenue Breakdown

Contributions & Grants $586,222

Program Service Revenue $0

Investment Income $427

Other Revenue $0

TOTAL REVENUE $586,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,448

Program Expenses $1,276,500

Other Expenses $1,281,202

TOTAL EXPENSES $1,281,202

Year-over-Year Comparison

	2022	2021	Change
Revenue	$586,649	$1,084,396	-0.5%
Expenses	$1,281,202	$1,862,128	-0.3%
Net Income	$-694,553	$-777,732	-0.1%

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

N/A

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
LOUISE D CROTEAU	TREASURER	2.00	Officer Director	$0	$0	$0
JULIUS BRITTO	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT HILDRETH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY ANNE MCQUILLAN	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHERINE DEMPSEY	DIRECTOR	0.00	Officer Director	$0	$0	$0
MIGUEL GOMES	DIRECTOR	0.00	Officer Director	$0	$0	$0
KURT HASSELBACH	DIRECTOR	0.00	Officer Director	$0	$0	$0
MANUEL LOUIS LOPEZ	DIRECTOR	0.00	Officer Director	$0	$0	$0
DEREK STEVENS	DIRECTOR	0.00	Officer Director	$0	$0	$0
POLLY P ZAJAC	DIRECTOR	0.00	Officer 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
2022	$586,649	$1,281,202	$155,868	$-694,553
2021	$1,084,396	$1,862,128	$789,040	$-777,732
2020	$2,079,138	$1,095,165	$1,838,400	$983,973
2019	$527,766	$371,558	$575,717	$156,208
2018	$754,007	$552,132	$420,122	$201,875

SCHOONER ERNESTINA-MORRISSEY ASSOCIATION INC