WISCONSIN MARITIME MUSEUM INC

EIN: 391128473 501(c)(3) Arts, Culture & Humanities

MANITOWOC, WI

Total Revenue
$1,482,867
Total Expenses
$1,417,481
Total Assets
$5,265,641
Net Assets
$4,852,361
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
WI
Principal Officer
JEFF SABEL
Phone
9206840218
Tax Period
2024-01-01 to 2024-12-31

WISCONSIN MARITIME MUSEUM INC, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 4% surplus.

Mission

THE WISCONSIN MARITIME MUSEUM CONNECTS ALL PEOPLE WITH WISCONSIN'S WATERWAYS, BY ENGAGING AND EDUCATING THE PUBLIC ABOUT WISCONSIN'S MARITIME HISTORY, WISCONSIN'S WORLD WAR II SUBMARINES, USS COBIA, AND THE GREAT LAKES. THE WISCONSIN MARITIME MUSEUM SHARES THIS RICH HERITAGE BY COLLECTING AND PRESERVING ARTIFACTS AND ARCHIVAL MATERIALS, CREATING INTERACTIVE EXHIBITS, PROMOTING RESEARCH, AND PRESENTING EDUCATIONAL PROGRAMS. A FORUM FOR INFORMATION ABOUT THE GREAT LAKES, THIS PRIVATELY FUNDED MUSEUM IS ONE OF THE LEADING MARITIME MUSEUMS ON THE GREAT LAKES.

Program Service Accomplishments

Program 1
Expenses: $522,756 Revenue: $506,687

THE WMM COLLECTIONS DEPARTMENT WAS BUSY IN 2024. STANDING BI-MONTHLY COLLECTIONS COMMITTEE MEETINGS TOOK PLACE AND NUMEROUS ARTIFACTS WERE ACCEPTED INTO THE PERMANENT COLLECTION. EXTERIOR AND...

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THE WMM COLLECTIONS DEPARTMENT WAS BUSY IN 2024. STANDING BI-MONTHLY COLLECTIONS COMMITTEE MEETINGS TOOK PLACE AND NUMEROUS ARTIFACTS WERE ACCEPTED INTO THE PERMANENT COLLECTION. EXTERIOR AND INTERIOR BUILDING RENOVATIONS AT THE MUSEUM'S MARITIME HERITAGE CENTER CONTINUE, WITH OVER $500,000 INVESTED THUS FAR. IN THE YEARS TO COME, THIS CENTER WILL HOUSE A MUSEUM-QUALITY STORAGE FACILITY, CONSERVATION LAB, TEACHING SPACE, AND BOAT RESTORATION LAB, AND ENHANCED MUSEUM BEHIND THE SCENES RESPONSIBILITIES. PARTNERSHIPS WITH EDUCATIONAL INSTITUTIONS ARE INCREASING ALONG WITH FUNDRAISING EFFORTS TO COMPLETE THE RENOVATION PHASES OF THE 25,000 SQUARE FOOT FACILITY. SEVERAL NEW AND UPDATED EXHIBITS WERE DESIGNED AND INSTALLED IN 2024 USING ARTIFACTS FROM THE MUSEUM'S COLLECTION, ALONG WITH LOANED OBJECTS. THESE TEMPORARY AND PERMANENT EXHIBITS INCLUDED: WISCONSIN'S SHIPWRECK COASTS, TURNING THE TIDE OF WWII, WATER DANCE: PLEIN AIR ART, ICEBOATING: A WISCONSIN TRADITION, TINY ART SHOW.

Program 2
Expenses: $20,875 Revenue: $20,233

IN-PERSON MUSEUM EDUCATION PROGRAMS SAW STRONG DEMAND IN 2024, SERVING 3,137 YOUTH AND ADULTS FROM ACROSS WISCONSIN AND THE MIDWEST. INFORMAL EDUCATION PROGRAMS WERE ALSO IN HIGH DEMAND WITH OUR...

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IN-PERSON MUSEUM EDUCATION PROGRAMS SAW STRONG DEMAND IN 2024, SERVING 3,137 YOUTH AND ADULTS FROM ACROSS WISCONSIN AND THE MIDWEST. INFORMAL EDUCATION PROGRAMS WERE ALSO IN HIGH DEMAND WITH OUR GROUP OVERNIGHT PROGRAMS, THURSDAY "THINK N' DRINK" SERIES, DIVE INTO THE ARCHIVES, AND ADULT GROUP TOURS REACHED 6,097 PEOPLE. OUTREACH EVENTS INCREASED OVER 2023 AND REACHED 6,543 PEOPLE WITH DIRECT INTERACTIONS. IN TOTAL, OUR EDUCATIONAL PROGRAMS AND OUTREACH EFFORTS REACHED A TOTAL OF 16,587 YOUTH AND ADULTS, NEARLY 2,000 MORE PEOPLE THAN 2023.

Program 3
Expenses: $183,596 Revenue: $177,952

2024 WAS A BIG YEAR FOR USS COBIA TO BEGIN THE PREPARATION OF THE SUBMARINE FOR DRY DOCKING IN STURGEON BAY. THE MUSEUM STAFF, COBIA COMMITTEE, AND VOLUNTEERS MET REGULARLY TO PLAN THE RESTORATION OF...

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2024 WAS A BIG YEAR FOR USS COBIA TO BEGIN THE PREPARATION OF THE SUBMARINE FOR DRY DOCKING IN STURGEON BAY. THE MUSEUM STAFF, COBIA COMMITTEE, AND VOLUNTEERS MET REGULARLY TO PLAN THE RESTORATION OF THE SUBMARINE IN DRY DOCK AT FINCANTIERI BAY SHIPBUILDING IN STURGEON BAY IN SEPTEMBER-OCTOBER 2025. THE OVERNIGHT PROGRAM ABOARD COBIA CONTINUES TO GROW, PARTICULAR WITH THE SUBBNB PROGRAM. IN TOTAL, 3,035 YOUTH AND ADULTS EXPERIENCED FIRST HAND WHAT IT IS LIKE TO SLEEP ON A WWII SUBMARINE. APPROXIMATELY 30,000 PEOPLE ACCESSED OUR DAILY TOURS THROUGH THE SUBMARINE IN 2024.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $617,327
Program Service Revenue $610,857
Investment Income $95,447
Other Revenue $159,236
TOTAL REVENUE $1,482,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $776,505
Fundraising Expenses $118,925
Program Expenses $727,227
Other Expenses $640,976
TOTAL EXPENSES $1,417,481

Year-over-Year Comparison

2024 2023 Change
Revenue $1,482,867 $1,298,223 +0.1%
Expenses $1,417,481 $1,465,846 0.0%
Net Income $65,386 $-167,623 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
43
Volunteers
85

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
6
$124,233
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICH LARSEN TREASURER 1.00
Officer Director
$0 $0 $0
LOGAN ROONEY BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS GRIESBACH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HOWARD ZIMMERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF SABEL PRESIDENT 1.00
Officer Director
$0 $0 $0
MARY ELLEN GIFFELS SECRETARY 1.00
Officer Director
$0 $0 $0
SCOTT FERGUSON BOARD MEMBER 1.00
Director
$0 $0 $0
SAM GRAGE BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL HASSEMER BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW DUNBAR BOARD MEMBER 1.00
Director
$0 $0 $0
DAN SCHNEIDER BOARD MEMBER 1.00
Director
$0 $0 $0
TOM WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
JAMIE ZASTROW BOARD MEMBER 1.00
Director
$0 $0 $0
CATHERINE GREEN PAST EXECUTIVE DIRECTOR 40.00
Officer
$40,218 $2,564 $42,782
KEVIN CULLEN EXECUTIVE DIRECTOR 40.00
Officer
$72,059 $9,392 $81,451
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
2024 $1,482,867 $1,417,481 $5,265,641 $65,386
2023 $1,298,223 $1,465,846 $5,210,439 $-167,623
2022 $1,334,342 $1,360,811 $5,237,314 $-26,469
2021 $1,354,482 $1,113,737 $5,537,448 $240,745
2020 $854,340 $869,272 $5,187,080 $-14,932
2019 $958,191 $1,262,568 $5,129,791 $-304,377
2018 $1,133,872 $1,176,890 $5,367,456 $-43,018
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