THE MARINERS' MUSEUM (EIN 540541801) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1930

Legal Domicile

Principal Officer

HOWARD H HOEGE III

Phone

7575917701

Tax Period

2023-01-01 to 2023-12-31

THE MARINERS' MUSEUM, founded in 1930, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.6M in total revenue in fiscal year 2017. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $10.4M left a modest 11% surplus.

Mission

THE MARINERS' MUSEUM AND PARK CONNECTS PEOPLE TO THE WORLD'S WATERS, BECAUSE THROUGH THE WATERS - THROUGH OUR SHARED MARITIME HERITAGE - WE ARE CONNECTED TO ONE ANOTHER.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,044,235

Program Service Revenue $144,518

Investment Income $1,680,718

Other Revenue $646,092

TOTAL REVENUE $9,515,563

Expense Breakdown

Grants Paid $42,507

Salaries & Benefits $7,051,341

Fundraising Expenses $1,296,805

Program Expenses $9,269,136

Other Expenses $4,185,112

TOTAL EXPENSES $11,278,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,515,563	$14,777,501	-0.4%
Expenses	$11,278,960	$10,438,833	+0.1%
Net Income	$-1,763,397	$4,338,668	-1.4%

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

153

Volunteers

159

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

$247,576

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH VANDER VENNET	TRUSTEE	1.00	Officer Director	$0	$0	$0
JENNIFER BOYKIN	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
STUART HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN R LAWSON II	SECRETARY	1.00	Officer Director	$0	$0	$0
MARGARET PODLICH	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH CROFTON	TRUSTEE	1.00	Director	$0	$0	$0
JERRY MILLER	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN SKINNER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN SWANN	TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY CARNEY SMITH	TRUSTEE	1.00	Director	$0	$0	$0
TINA MORRIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEVIN FEWSTER	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN KURTZ	TRUSTEE	1.00	Director	$0	$0	$0
MCKINLEY PRICE	TRUSTEE	1.00	Director	$0	$0	$0
MARSHA HUDGINS	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD H HOEGE III	PRESIDENT & CEO	40.00	Officer	$224,327	$23,249	$247,576
NELSON FORBES	VP COLLECTIONS, CHIEF CURA	40.00	Highest	$104,059	$14,866	$118,925
JEFFREY ESBER	CONTROLLER & TREASURER	40.00	Highest	$121,491	$8,653	$130,144

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	$9,515,563	$11,278,960	$147,592,225	$-1,763,397
2022	$14,777,501	$10,438,833	$139,665,066	$4,338,668
2021	$10,021,200	$10,121,900	$159,780,245	$-100,700
2020	$4,294,343	$2,227,006	$148,097,680	$2,067,337
2019	$7,918,669	$10,139,592	$132,293,097	$-2,220,923
2018	$11,645,967	$10,412,091	$138,005,148	$1,233,876

THE MARINERS' MUSEUM