HISTORIC SHIPS IN BALTIMORE (EIN 522170291) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

CINDY WADALAVAGE

Phone

4105391797

Tax Period

2024-01-01 to 2024-12-31

HISTORIC SHIPS IN BALTIMORE, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

HISTORIC SHIPS IN BALTIMORE PRESERVES AND MAINTAINS USS CONSTELLATION, USS TORSK, LV116 CHESAPEAKE, USCGC WHEC-37, AND THE SEVEN FOOT KNOLL LIGHTHOUSE, ALL REGISTERED NATIONAL HISTORIC LANDMARKS, PROVIDING HISTORICAL INTERPRETATION AND HANDS-ON EDUCATION PROGRAMMING FOR THE GENERAL PUBLIC, SCHOOL AND YOUTH GROUPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $591,607

Program Service Revenue $1,187,984

Investment Income $69,154

Other Revenue $72,061

TOTAL REVENUE $1,920,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $695,643

Fundraising Expenses $0

Program Expenses $1,754,882

Other Expenses $1,364,351

TOTAL EXPENSES $2,059,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,920,806	$1,500,236	+0.3%
Expenses	$2,059,994	$1,770,963	+0.2%
Net Income	$-139,188	$-270,727	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEE SCHEDULE O	TRUSTEE	0.00	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	$1,920,806	$2,059,994	$5,187,375	$-139,188
2023	$1,500,236	$1,770,963	$4,928,695	$-270,727
2022	$3,215,858	$2,206,924	$6,064,681	$1,008,934
2021	$1,089,740	$1,123,054	$4,296,842	$-33,314
2020	$1,739,734	$1,489,259	$4,934,961	$250,475
2019	$1,165,256	$2,037,614	$4,208,278	$-872,358
2018	$2,539,346	$3,072,769	$4,543,551	$-533,423

HISTORIC SHIPS IN BALTIMORE