KALMAR NYCKEL FOUNDATION (EIN 516015181) - 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

1958

Legal Domicile

Principal Officer

CHRISTOPHER BROOKS

Phone

3024297447

Tax Period

2023-11-01 to 2024-10-31

KALMAR NYCKEL FOUNDATION, founded in 1958, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $5.3M represent 32 months of operating reserves.

Mission

TO PROVIDE UNIQUE PROGRAMMING RELATED TO THE HISTORICAL, CULTURAL, MARITIME AND COMMERCIAL HERITAGE OF DELAWARE AND THE DELAWARE VALLEY USING THE TALL SHIP KALMAR NYCKEL AS A PLATFORM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,215,078

Program Service Revenue $333,830

Investment Income $21,658

Other Revenue $405,984

TOTAL REVENUE $1,976,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $898,861

Fundraising Expenses $197,700

Program Expenses $1,416,267

Other Expenses $1,101,487

TOTAL EXPENSES $2,000,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,976,550	$1,533,084	+0.3%
Expenses	$2,000,348	$1,791,564	+0.1%
Net Income	$-23,798	$-258,480	-0.9%

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

223

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
TINA BETZ	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER BROOKS	TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH BUTERA	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS COLLINS	TRUSTEE	1.00	Director	$0	$0	$0
VERNITA DORSEY	TRUSTEE	1.00	Director	$0	$0	$0
AKE FAGELBERG	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT FRIZ	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT VA HARRA JR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
KYLE HILL	TRUSTEE	1.00	Director	$0	$0	$0
FRED HOCKER	TRUSTEE	1.00	Director	$0	$0	$0
MARIA IVERSEN	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA KENNY	PRESIDENT	2.00	Officer Director	$0	$0	$0
ADAM KNOX	TRUSTEE	1.00	Director	$0	$0	$0
GARY C LINARDUCCI	TRUSTEE	1.00	Director	$0	$0	$0
WENDY MASSEY	TRUSTEE	1.00	Director	$0	$0	$0
MEGAN MCGLINCHEY	TRUSTEE	1.00	Director	$0	$0	$0
CAROLINE MCILVAIN	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE MELDRUM	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE MORITZ	SECRETARY	2.00	Officer Director	$0	$0	$0
KIMBERLY PADLEY	TRUSTEE	1.00	Director	$0	$0	$0
JAMAI ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
NANCY SCHRAGGER	TRUSTEE	1.00	Director	$0	$0	$0
KAMELA SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
NIGEL VEATER	TRUSTEE	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	$1,976,550	$2,000,348	$9,137,070	$-23,798
2023	$1,533,084	$1,791,564	$9,034,015	$-258,480
2022	$1,416,148	$1,826,480	$9,078,536	$-410,332
2021	$1,406,685	$1,583,494	$9,489,690	$-176,809
2020	$1,422,322	$1,601,290	$9,727,029	$-178,968
2019	$1,246,247	$1,621,459	$9,739,551	$-375,212
2018	$1,300,242	$1,519,541	$10,204,509	$-219,299

KALMAR NYCKEL FOUNDATION