Maritime Heritage Alliance (EIN 382528874) - 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

1983

Legal Domicile

Principal Officer

Robert H Goddard

Phone

2319462647

Tax Period

2025-01-01 to 2025-12-31

Maritime Heritage Alliance, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $233K in total revenue in fiscal year 2025. Revenue surged 67% from the prior year, signaling strong growth momentum.

Mission

Our mission is to preserve, interpret, share, and promote the Maritime Heritage of the Great Lakes. We do this through on the water experiences on historic vessels and in shop activities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $207,135

Program Service Revenue $7,062

Investment Income $1,399

Other Revenue $17,126

TOTAL REVENUE $232,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,247

Fundraising Expenses $747

Program Expenses $185,870

Other Expenses $178,128

TOTAL EXPENSES $233,375

Year-over-Year Comparison

	2025	2024	Change
Revenue	$232,722	$139,163	+0.7%
Expenses	$233,375	$145,649	+0.6%
Net Income	$-653	$-6,486	-0.9%

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
Heather Jankens	Executive Coordinator	40.00		$41,691	$0	$41,691
Elizabeth Lewis	Trustee	1.00	Director	$0	$0	$0
Linda Posler	Secretary	1.00	Officer Director	$0	$0	$0
Robert H Goddard	President	1.00	Officer Director	$0	$0	$0
Brett Derr	Trustee	1.00	Director	$0	$0	$0
Amy Solak	Trustee	1.00	Director	$0	$0	$0
Henry Barkhausen	Treasurer	1.00	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	$232,722	$233,375	$260,298	$-653
2022	$105,521	$17,902	$457,645	$87,619
2022	$105,521	$88,626	$457,645	$16,895
2021	$93,065	$88,241	$870,328	$4,824
2020	$91,634	$98,082	$1,016,052	$-6,448

Maritime Heritage Alliance