TIDEWATER WOODEN BOAT WORKSHOP (EIN 464756833) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Principal Officer

THOMAS BRANDL

Phone

7573539418

Tax Period

2024-01-01 to 2024-12-31

TIDEWATER WOODEN BOAT WORKSHOP, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $206K in total revenue in fiscal year 2019. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 16% operating margin.

Mission

TEACH STEM AND LIFE SKILLS TO DISADVANTAGED YOUTH THROUGH THE BUILDING OF WOODEN BOATS AND OTHER NAUTICAL ACTIVITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $207,563

Program Service Revenue $11,489

Investment Income $0

Other Revenue $419

TOTAL REVENUE $219,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,829

Fundraising Expenses $16,975

Program Expenses $204,185

Other Expenses $61,056

TOTAL EXPENSES $273,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,471	$212,066	+0.0%
Expenses	$273,259	$229,487	+0.2%
Net Income	$-53,788	$-17,421	+2.1%

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

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

$48,000

Total Directors

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE A FINCH	PRESIDENT	3.00	Officer Director	$0	$0	$0
BRIAN FINCH	TREASURER	3.00	Officer Director	$0	$0	$0
BONNIE LENNOX	SECRETARY	3.00	Officer Director	$0	$0	$0
THOMAS BRANDL	EXECUTIVE DI	40.00	Officer Director	$48,000	$0	$48,000
JOHN KOVAC	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HITCHCOCK	DIRECTOR	1.00	Director	$0	$0	$0
DM MCDUFFIE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MINIHAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RAFFERTY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RAWLINGS	DIRECTOR	1.00	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
2024	$219,471	$273,259	$103,326	$-53,788
2023	$212,066	$229,487	$157,138	$-17,421
2022	$231,212	$212,078	$174,559	$19,134
2021	$255,918	$204,518	$155,425	$51,400
2020	$161,346	$166,640	$105,357	$-5,294
2019	$206,182	$172,521	$109,295	$33,661

TIDEWATER WOODEN BOAT WORKSHOP