NATIONAL MARITIME HERITAGE FOUNDAT… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

HAL YOUNG

Phone

2025471250

Tax Period

2024-01-01 to 2024-12-31

NATIONAL MARITIME HERITAGE FOUNDATION INC, founded in 2000, is a small nonprofit in the Education sector that reported $526K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 16% operating margin.

Mission

TO FURTHER MARITIME EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $313,559 Revenue: $292,245

PROVIDE SAILING PROGRAMS FOR YOUTH AND ADULTS, DEVELOP AND TEACH WATER SAFETY PROGRAMS, AND USE SAILING TO PROMOTE SCIENTIFIC, MATHEMATIC AND TECHNOLOGY EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $231,696

Program Service Revenue $284,921

Investment Income $1,000

Other Revenue $8,172

TOTAL REVENUE $525,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,529

Fundraising Expenses $24,889

Program Expenses $313,559

Other Expenses $141,729

TOTAL EXPENSES $442,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$525,789	$381,166	+0.4%
Expenses	$442,258	$424,324	+0.0%
Net Income	$83,531	$-43,158	-2.9%

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
MARC APTER	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE DIDYK WELLS	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE GATES	DIRECTOR	2.00	Director	$0	$0	$0
HORACIO MARQUEZ	DIRECTOR	2.00	Director	$0	$0	$0
KRYSIA POHL	DIRECTOR	2.00	Director	$0	$0	$0
JONEIS THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
OLIVER WHITNEY	DIRECTOR	2.00	Director	$0	$0	$0
ROBERTA WILSON	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY DICKSON	CHAIRMAN	5.00	Officer	$0	$0	$0
RICHARD O'BRIEN	VICE PRESIDENT	3.00	Officer	$0	$0	$0
HAL YOUNG	TREASURER	3.00	Officer	$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	$525,789	$442,258	$158,397	$83,531
2023	$381,166	$424,324	$83,511	$-43,158
2022	$384,674	$421,153	$124,597	$-36,479
2021	$434,095	$374,957	$151,723	$59,138
2020	$213,348	$389,087	$156,085	$-175,739
2019	$447,988	$446,048	$121,524	$1,940
2018	$428,000	$420,335	$119,584	$7,665

NATIONAL MARITIME HERITAGE FOUNDATION INC