THE SHIPWRECK PARK INC (EIN 474500874) - 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

2015

Legal Domicile

Phone

9547864606

Tax Period

2024-10-01 to 2025-09-30

THE SHIPWRECK PARK INC, founded in 2015, is a small nonprofit in the Environment sector that reported $328K in total revenue in fiscal year 2024. Revenue surged 3864% from the prior year, signaling strong growth momentum. The organization ran a surplus of $160K, a strong 49% operating margin.

Mission

Shipwreck Parks mission is dedicated to the creation of an underwater park system establishing an artifical reef, utilizing public art and educational programming to raise awareness of the need to preserve and conserve our natural coral reef system

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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 $327,716

Program Service Revenue $0

Investment Income $121

Other Revenue $0

TOTAL REVENUE $327,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,000

Fundraising Expenses $0

Program Expenses $168,213

Other Expenses $84,213

TOTAL EXPENSES $168,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,837	$8,271	+38.6%
Expenses	$168,213	$106,815	+0.6%
Net Income	$159,624	$-98,544	-2.6%

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

$84,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rob Wyre	Chairman	20.00	Director	$0	$0	$0
Tammy Good	Vice Chairman	2.00	Director	$0	$0	$0
Tricia Meredith	Director	1.00	Director	$0	$0	$0
Suzette Sibble	Treasurer	1.00	Director	$0	$0	$0
Tommy Didiorgio	Director	4.00	Director	$0	$0	$0
Jean Mcintyre	Director	1.00	Director	$0	$0	$0
George Sklivanitis	Director	1.00	Director	$0	$0	$0
Sue Colton	Director	1.00	Director	$0	$0	$0
Randall Deich	Director	1.00	Director	$0	$0	$0
Katherine Hendrickson	Officer	40.00	Officer	$84,000	$0	$84,000

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	$327,837	$168,213	$178,593	$159,624
2022	$259,079	$125,643	$162,581	$133,436

THE SHIPWRECK PARK INC