FRIENDS OF THE FLORIDA MARITIME MUSEUM INC (EIN 454937212) - 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

2012

Legal Domicile

Principal Officer

KAREN BELL

Phone

9418123404

Tax Period

2024-10-01 to 2025-09-30

FRIENDS OF THE FLORIDA MARITIME MUSEUM INC, founded in 2012, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $8K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $19K exceeded revenue, resulting in a 140% operating deficit.

Mission

THE FRIENDS OF THE FLORIDA MARITIME MUSEUM, INC. SUPPORTS THE ACTIVITIES OF THE FLORIDA MARITIME MUSEUM, WHICH COLLECTS, PRESERVES, AND SHARES TRADITIONAL KNOWLEDGE, CULTURAL ARTIFACTS AND PERSONAL STORIES SPECIFIC TO FLORIDA'S FISHING AND MARITIME HERITAGE.

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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 $0

Program Service Revenue $6,874

Investment Income $0

Other Revenue $1,200

TOTAL REVENUE $8,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,122

Program Expenses $4,634

Other Expenses $19,341

TOTAL EXPENSES $19,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,074	$24,186	-0.7%
Expenses	$19,341	$36,668	-0.5%
Net Income	$-11,267	$-12,482	-0.1%

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

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
DAVID BERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
GILBERT SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN BELL	PRESIDENT	1.00	Officer	$0	$0	$0
BYRON SHINN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ED CHILES	SECRETARY/TREASURER	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	$8,074	$19,341	$27,436	$-11,267
2024	$24,186	$36,668	$38,703	$-12,482
2023	$8,055	$37,416	$51,185	$-29,361
2022	$19,281	$47,642	$80,546	$-28,361
2021	$29,738	$55,110	$108,907	$-25,372

FRIENDS OF THE FLORIDA MARITIME MUSEUM INC