FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY (EIN 273494471) - 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

2010

Legal Domicile

Principal Officer

CHARLES WIESEN

Phone

9893568805

Tax Period

2024-03-01 to 2025-02-28

FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $500K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $216K, a strong 43% operating margin.

Mission

TO FUND AND SUPPORT THE OPERATIONS AND PROGRAMS OF THE THUNDER BAY NATIONAL MARINE SANCTUARY. THIS INCLUDES PROVIDING EDUCATIONAL OPPORTUNITIES AT THE SANCTUARY BUILDING AND WITHIN THE SANCTUARY BOUNDARIES.

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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 $170,451

Program Service Revenue $250,425

Investment Income $10,158

Other Revenue $68,647

TOTAL REVENUE $499,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,155

Fundraising Expenses $1,063

Program Expenses $273,151

Other Expenses $237,221

TOTAL EXPENSES $283,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$499,681	$816,419	-0.4%
Expenses	$283,376	$352,571	-0.2%
Net Income	$216,305	$463,848	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY GILDNER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GRAY	DIRECTOR	1.00	Officer Director	$0	$0	$0
BEACH HALL	DIRECTOR	1.00	Director	$0	$0	$0
AL MOE	DIRECTOR	1.00	Director	$0	$0	$0
CAROL SHAFTO	TREASURER /	2.00	Officer Director	$0	$0	$0
CHARLES WIESEN	PRESIDENT	2.00	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
2025	$499,681	$283,376	$1,398,357	$216,305
2024	$816,419	$352,571	$1,164,493	$463,848
2023	$559,979	$292,687	$684,714	$267,292
2022	$410,010	$232,348	$442,893	$177,662
2021	$202,436	$187,852	$268,462	$14,584
2021	$133,416	$155,426	$232,395	$-22,010
2020	$259,543	$362,826	$248,942	$-103,283
2019	$281,573	$288,791	$348,190	$-7,218
2018	$455,059	$374,819	$360,199	$80,240

FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY