CAMDEN SHIPYARD MARITIME MUSEUM (EIN 383755397) - 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

2007

Legal Domicile

Principal Officer

TOM KULP

Phone

8565417447

Tax Period

2024-07-01 to 2025-06-30

CAMDEN SHIPYARD MARITIME MUSEUM, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $783K in total revenue in fiscal year 2024. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $193K, a strong 25% operating margin.

Mission

TO EDUCATE THE WORLD ABOUT CAMDEN'S RICH MARITIME HERITAGE AND SIGNIFICANT CONTRIBUTIONS TO GLOBAL SHIPBUILDING AND SEAFARING EXPLORATION.

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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 $735,243

Program Service Revenue $0

Investment Income $3,854

Other Revenue $44,000

TOTAL REVENUE $783,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $555,358

Other Expenses $589,830

TOTAL EXPENSES $589,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$783,097	$247,017	+2.2%
Expenses	$589,830	$297,775	+1.0%
Net Income	$193,267	$-50,758	-4.8%

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

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
JIM CUMMINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT BEHR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ANDREW FIELD	TREASURER	1.00	Officer Director	$0	$0	$0
BILL JUDD	TRUSTEE	1.00	Director	$0	$0	$0
BOB LEHMAN	TRUSTEE	1.00	Director	$0	$0	$0
ADRIENNE WALLS	TRUSTEE	1.00	Director	$0	$0	$0
LISA KULP	DIRECTOR OF	1.00	Officer	$0	$0	$0
TOM KULP	EXECUTIVE DI	1.00	Officer	$0	$0	$0
CON DUFFY	PROGRAM INST	1.00	Officer	$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	$783,097	$589,830	$2,498,741	$193,267
2024	$247,017	$297,775	$2,312,239	$-50,758
2023	$174,468	$180,314	$2,363,867	$-5,846
2022	$119,984	$127,216	$2,375,814	$-7,232
2021	$81,796	$120,802	$2,212,285	$-39,006
2020	$54,083	$120,157	$2,268,152	$-66,074
2019	$50,399	$99,398	$2,286,326	$-48,999
2018	$244,758	$128,905	$2,335,325	$115,853

CAMDEN SHIPYARD MARITIME MUSEUM