DISCOVERING AMISTAD INC (EIN 474702508) - 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

Principal Officer

PAULA MANN-AGNEW

Phone

2039758830

Tax Period

2022-07-01 to 2023-06-30

DISCOVERING AMISTAD INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $750K in total revenue in fiscal year 2022. Expenses of $826K exceeded revenue, resulting in a 10% operating deficit.

Mission

DISCOVERING AMISTAD, INC. IS A NONPROFIT EDUCATIONAL ORGANIZATION THAT WILL PROVIDE FULL-YEAR PROGRAMMING ON ITS TALL SHIP, THE AMISTAD, AS WELL AS IN CLASSROOMS AND AT HISTORIC SITES OF PARTNER ORGANIZATIONS. IT WILL ENABLE CHILDREN AND ADULTS IN CONNECTICUT AND THE REGION TO DISCOVER THE STORY OF THE AMISTAD AND ITS IMPACT ON CONNECTICUT AND THE NATION. IMPORTANTLY, THE ORGANIZATION WILL PROVIDE LEARNING OPPORTUNITIES FOR CHILDREN AND ADULTS TO DISCOVER THE RELEVANCE OF THE AMISTAD TO TODAY'S WORLD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $617,459

Program Service Revenue $129,382

Investment Income $0

Other Revenue $3,294

TOTAL REVENUE $750,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,908

Fundraising Expenses $17,270

Program Expenses $601,153

Other Expenses $533,243

TOTAL EXPENSES $826,151

Year-over-Year Comparison

	2022	2021	Change
Revenue	$750,135	$784,565	0.0%
Expenses	$826,151	$734,708	+0.1%
Net Income	$-76,016	$49,857	-2.5%

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

N/A

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

$104,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA MANN-AGNEW	EXECUTIVE DI	40.00	Officer	$104,000	$0	$104,000
STEPHEN ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
TROY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
PETER ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS D CARUSO JR	DIRECTOR	1.00	Director	$0	$0	$0
KAI PERRY	DIRECTOR	1.00	Director	$0	$0	$0
REV DR PENNY GADZINI	DIRECTOR	1.00	Director	$0	$0	$0
RORY CUMMING	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS THURSTON	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
LESLEY HIGGINS-BIDDLE	DIRECTOR	1.00	Director	$0	$0	$0
SALLY WHIPPLE	DIRECTOR	1.00	Director	$0	$0	$0
COREY STONE	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN HOGEN	BOARD CO-CHA	15.00	Officer Director	$0	$0	$0
ROBERT KING	BOARD CO-CHA	15.00	Officer Director	$0	$0	$0
KENNY GREEN	TREASURER	4.00	Officer Director	$0	$0	$0
KAREN FRANCIS-BARNES EDD	SECRETARY	4.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$750,135	$826,151	$923,916	$-76,016
2022	$784,565	$734,708	$929,483	$49,857
2021	$330,263	$345,095	$995,774	$-14,832
2020	$535,483	$653,981	$1,046,055	$-118,498
2019	$729,466	$662,893	$1,050,397	$66,573
2018	$458,324	$584,506	$936,636	$-126,182

DISCOVERING AMISTAD INC