Havre de Grace Decoy Museum Inc (EIN 521513642) - 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

1983

Legal Domicile

Principal Officer

MICHAEL TARQUINI

Phone

4109393739

Tax Period

2023-07-01 to 2024-06-30

Havre de Grace Decoy Museum Inc, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $334K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $373K exceeded revenue, resulting in a 12% operating deficit.

Mission

The preservation education and interpretation of the art and history of decoy making in the Upper Chesapeake Bay region

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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 $223,836

Program Service Revenue $31,653

Investment Income $21,750

Other Revenue $56,298

TOTAL REVENUE $333,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,322

Fundraising Expenses $0

Program Expenses $326,936

Other Expenses $196,199

TOTAL EXPENSES $372,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,537	$375,733	-0.1%
Expenses	$372,521	$331,820	+0.1%
Net Income	$-38,984	$43,913	-1.9%

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

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
MICHAEL TARQUINI	President	40.00	Officer	$0	$0	$0
RALPH HOCKMAN	Treasurer	7.500	Officer	$0	$0	$0
J L SANDERS	Vice President	7.500	Officer	$0	$0	$0
JOHN HENRY	Secretary	5.000	Officer	$0	$0	$0
RODNEY SWAM	Director	2.000	Director	$0	$0	$0
PATRICK VINCENTI	Director at Large	5.000	Officer	$0	$0	$0
JOHN CURRIER	Director	2.000	Director	$0	$0	$0
DAVID FARROW	Director	3.000	Director	$0	$0	$0
JOHN E HUGHES JR	Director	2.000	Director	$0	$0	$0
GEORGE ROBINSON	Director	2.000	Director	$0	$0	$0
BILL WAIBEL	Director	2.000	Director	$0	$0	$0
JOHN E GRAF	Director	4.000	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	$333,537	$372,521	$1,271,973	$-38,984
2023	$375,733	$331,820	$1,294,261	$43,913
2022	$295,357	$267,274	$1,241,359	$28,083
2021	$280,208	$267,993	$1,218,446	$12,215

Havre de Grace Decoy Museum Inc