NATIONAL MARITIME HISTORICAL SOCIE… - 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

1963

Legal Domicile

Principal Officer

CATHERINE GREEN

Phone

9147377878

Tax Period

2024-01-01 to 2024-12-31

NATIONAL MARITIME HISTORICAL SOCIETY, founded in 1963, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $550K, a strong 37% operating margin.

Mission

PRESERVE MARITIME HISTORY, PROMOTE THE HERITAGE COMMUNITY, AND SHARE THE ADVENTURE OF SEAFARING.

Program Service Accomplishments

Program 1

Expenses: $271,815 Revenue: $22,543

THE SOCIETY RAISES AWARENESS OF MARITIME HISTORY AND THE ROLE SEAFARING HAS PLAYED IN SHAPING CIVILIZATION THROUGH PUBLICATIONS, EDUCATIONAL PROGRAMS, AND MARITIME EVENTS.

Program 2

Expenses: $336,356 Revenue: $45,973

THE SOCIETY PUBLISHES A QUARTERLY MAGAZINE ON SEA HISTORY AND A WEBSITE WITH RESEARCH AND PROGRAM INFORMATION ABOUT THE MARITIME HERITAGE.

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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 $1,186,352

Program Service Revenue $45,973

Investment Income $67,923

Other Revenue $168,986

TOTAL REVENUE $1,469,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $532,310

Fundraising Expenses $110,225

Program Expenses $608,171

Other Expenses $386,947

TOTAL EXPENSES $919,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,469,234	$837,066	+0.8%
Expenses	$919,257	$905,864	+0.0%
Net Income	$549,977	$-68,798	-9.0%

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

$97,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES B ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
WALTER R BROWN	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
CAPTAIN PATRICK C BURNS	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL F BYERS	TRUSTEE	1.00	Director	$0	$0	$0
DR WILLIAM DUDLEY	TRUSTEE	1.00	Director	$0	$0	$0
KAREN HELMERSON	TRUSTEE	1.00	Director	$0	$0	$0
VADM AL KONETZNI	TRUSTEE	1.00	Director	$0	$0	$0
DENISE RUCKER KREPP	TRUSTEE	1.00	Director	$0	$0	$0
RICHARDO R LOPES	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
GUY E C MAITLAND ESQ	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
CAPT JEFFREY MCALLISTER	SECRETARY	1.00	Director	$0	$0	$0
CAPT SALLY CHIN MCELWREATH	TRUSTEE	1.00	Director	$0	$0	$0
DR SALVATORE R MERCOGLIANO	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH MCCARTHY	TRUSTEE	1.00	Director	$0	$0	$0
CAPT JAMES A NOONE	CHAIRMAN	1.00	Director	$0	$0	$0
RICHARD P O'LEARY	TRUSTEE	1.00	Director	$0	$0	$0
RONALD L OSWALD	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
RICHARD SCARANO	TRUSTEE	1.00	Director	$0	$0	$0
DR DAVID WINKLER	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE GREEN	EXECUTIVE DIRECTOR	40.00	Officer	$97,596	$0	$97,596

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	$1,469,234	$919,257	$1,898,892	$549,977
2023	$837,066	$905,864	$1,313,461	$-68,798
2022	$1,265,325	$1,060,425	$1,375,908	$204,900
2021	$1,562,150	$883,947	$1,194,430	$678,203
2020	$713,704	$688,525	$595,611	$25,179
2019	$742,797	$874,938	$505,881	$-132,141
2018	$901,907	$936,673	$610,237	$-34,766

NATIONAL MARITIME HISTORICAL SOCIETY