HAVRE DE GRACE MARITIME MUSEUM INC (EIN 521552477) - 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

1987

Legal Domicile

Phone

4109394800

Tax Period

2023-01-01 to 2023-12-31

HAVRE DE GRACE MARITIME MUSEUM INC, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $191K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $164K left a modest 14% surplus.

Mission

To collect document preserve and interpret the maritime skills and cultural heritage of the Lower Susquehanna River and 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 $136,842

Program Service Revenue $34,627

Investment Income $2,503

Other Revenue $17,086

TOTAL REVENUE $191,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,616

Fundraising Expenses $0

Program Expenses $24,301

Other Expenses $43,182

TOTAL EXPENSES $163,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,058	$161,786	+0.2%
Expenses	$163,798	$205,667	-0.2%
Net Income	$27,260	$-43,881	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Sim	Executive Director	32.00	Director	$0	$0	$0
Crystal Poole	Office Assistant	35.00	Key Emp	$0	$0	$0
Bruce Russell	President of Board	20.00	Officer	$0	$0	$0
Tyre Jay	Vice President of Board	5.00	Officer	$0	$0	$0
Andy Goldberg	Treasurer of the Board	20.00	Officer	$0	$0	$0
David Dulik	Board member	2.00	Officer	$0	$0	$0
Lisa Ham	Environmental Center Manager	35.00	Key Emp	$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	No data	No data	No data	No data
2023	$191,058	$163,798	$668,944	$27,260
2022	$161,786	$205,667	$685,808	$-43,881
2021	$213,538	$161,760	$751,985	$51,778
2020	$180,944	$183,316	$741,716	$-2,372

HAVRE DE GRACE MARITIME MUSEUM INC