SANDUSKY AREA MARITIME ASSOCIATION

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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

1994

Legal Domicile

Principal Officer

MOLLY SAMPSON

Phone

4196240274

Tax Period

2023-01-01 to 2023-12-31

SANDUSKY AREA MARITIME ASSOCIATION, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $317K in total revenue in fiscal year 2023. The organization ran a surplus of $79K, a strong 25% operating margin.

Mission

TO ESTABLISH A PERMANENT ARCHIVE FOR, AND TO PRESERVE AND PROMOTE AREA MARITIME HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $103,260 Revenue: $18,469

OPERATION OF A MUSEUM TO DISPLAY LOCAL MARITIME HERITAGE ITEMS. MUSEUM ADMISSIONS RUN FROM 7 FOR CHILDREN AND SENIORS TO 8 FOR ADULTS. THERE IS ALSO A FAMILY ADMISSION FOR 19. MEMBERS RECEIVE FREE...

OPERATION OF A MUSEUM TO DISPLAY LOCAL MARITIME HERITAGE ITEMS. MUSEUM ADMISSIONS RUN FROM 7 FOR CHILDREN AND SENIORS TO 8 FOR ADULTS. THERE IS ALSO A FAMILY ADMISSION FOR 19. MEMBERS RECEIVE FREE ADMISSION TO THE MUSEUM.

Program 2

Expenses: $50,851 Revenue: $9,242

EDUCATIONAL RESOURCE KITS, CURRICULUM GUIDES, AND PROGRAMS TO EDUCATE THE PUBLIC ON THE SIGNIFICANT IMPACT OF THE WATERFRONT AND TO ENCOURAGE INTEREST IN SANDUSKY'S MARITIME PAST.

Program 3

Expenses: $20,561 Revenue: $13,776

OPERATION OF A GIFT SHOP WHICH SELLS EDUCATIONAL MATERIAL RELATED TO THE AREA'S MARITIME HERITAGE

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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 $119,627

Program Service Revenue $41,487

Investment Income $4,890

Other Revenue $151,399

TOTAL REVENUE $317,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,520

Fundraising Expenses $22,212

Program Expenses $174,672

Other Expenses $129,449

TOTAL EXPENSES $237,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$317,403	$320,731	0.0%
Expenses	$237,969	$227,760	+0.0%
Net Income	$79,434	$92,971	-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

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

$46,500

Total Directors