MICHIGAN MARITIME MUSEUM INC (EIN 382342806) - 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

1977

Legal Domicile

Principal Officer

DAN THOMPSON

Phone

2696378078

Tax Period

2024-10-01 to 2025-09-30

MICHIGAN MARITIME MUSEUM INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Net assets of $10.5M represent 75 months of operating reserves.

Mission

THE ORGANIZATION IS DEDICATED TO PRESERVATION OF MICHIGAN GREAT LAKES AND WATERWAYS, MARITIME HISTORY AND CULTURE, AND PROVIDES MARITIME EDUCATION OPPORTUNITIES TO THE PUBLIC THROUGH PERMANENT AND CHANGING EXHIBITS, RESEARCH LIBRARY, AND OTHER PROGRAMS AND EVENTS.

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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 $920,654

Program Service Revenue $596,613

Investment Income $11,783

Other Revenue $158,987

TOTAL REVENUE $1,688,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $638,054

Fundraising Expenses $135,842

Program Expenses $508,603

Other Expenses $1,083,773

TOTAL EXPENSES $1,721,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,688,037	$1,242,408	+0.4%
Expenses	$1,721,827	$1,422,033	+0.2%
Net Income	$-33,790	$-179,625	-0.8%

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

$74,808

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BAILEY SISOY-MOORE	EXECUTIVE DIRECTOR	40.00	Officer	$74,808	$0	$74,808
JOE DYKHUIS	PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDREA OLSEN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DAN THOMPSON	TREASURER	4.00	Officer Director	$0	$0	$0
TOM THOMPSON	SECRETARY	4.00	Officer Director	$0	$0	$0
CODY ALLKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY BROEKHUIZEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHY CARMICHAEL	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE EARLS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE HOLT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MCCLENDON	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLYN MEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIAN O'NIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN SPENCER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN KEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE WHITTINGTON	BOARD MEMBER	1.00	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
2025	$1,688,037	$1,721,827	$10,608,972	$-33,790
2024	$1,242,408	$1,422,033	$10,580,350	$-179,625
2022	$1,366,768	$756,472	$9,918,291	$610,296
2021	$3,735,473	$671,168	$9,281,703	$3,064,305
2020	$1,383,179	$624,993	$6,133,463	$758,186
2019	$2,957,850	$744,373	$5,421,621	$2,213,477
2018	$944,509	$611,814	$2,297,011	$332,695

MICHIGAN MARITIME MUSEUM INC