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 Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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

ENGAGES AND EDUCATES THE PUBLIC ABOUT THE MARITIME HISTORY OF WISCONSIN AND THE GREAT LAKES.

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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%)

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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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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

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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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