THE GREATER REEDVILLE ASSOCIATION

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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

1986

Legal Domicile

Principal Officer

KIMBERLY HAMPTON

Phone

8044536529

Tax Period

2023-01-01 to 2023-12-31

THE GREATER REEDVILLE ASSOCIATION, founded in 1986, is a small nonprofit that reported $483K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $187K, a strong 39% operating margin.

Mission

TO SUPPORT EDUCATIONAL, MUSEUM, HISTORIC PRESERVATION, AND RECREATIONAL ACTIVITIES THAT IMPROVE THE QUALITY OF LIFE OF AREA RESIDENTS AND VISITORS INCLUDING ACTIVITIES TO ACQUIRE, DOCUMENT, AND DISPLAY MATERIALS THAT ARE HISTORICALLY IMPORTANT.

Program Service Accomplishments

Program 1

Expenses: $190,511 Revenue: $10,406

MUSEUM OFFERS HISTORICAL EXHIBITS TO PERSERVE THE HERITAGE OF MARITIME HISTORY OF THE LOWER CHESAPEAKE BAY AND WATERMEN WHO PLIED THEIR TRADE.

Program 2

Expenses: $14,833 Revenue: $16,016

MUSEUM FLEET - ACCESSIBLE MUSEUM EXHIBITS VIEWED BY VISITORS AS PART OF THEIR WALKING TOUR. VISITORS MAY ALSO RIDE IN THE VESSELS TO OBSERVE THE CHESAPEAKE BAY AND WORKING WATERMEN.

Program 3

EDUCATION - THERE ARE SEVERAL EVENTS WHICH VISTORS AND FAMILY MEMBERS CAN LEARN ABOUT AND CREATE THEIR OWN ART THAT CAN BE DISPLAYED AS PART OF THE MUSEUM TOUR. THE BOAT SHOP AND MODEL SHOP AND THE VOLUNTEERS WHO MAN THEM ARE THE MEANS BY WHICH THE EDUCATIONAL EVENTS ARE CONDUCTED FOR THE GENERAL PUBLIC. THE MODEL SHOP ITSELF IS ALSO AN EXHIBIT ON THE MUSEUM TOUR.

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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 $337,527

Program Service Revenue $26,422

Investment Income $68,135

Other Revenue $51,261

TOTAL REVENUE $483,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,469

Fundraising Expenses $9,520

Program Expenses $205,344

Other Expenses $180,734

TOTAL EXPENSES $296,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$483,345	$285,380	+0.7%
Expenses	$296,203	$309,152	0.0%
Net Income	$187,142	$-23,772	-8.9%

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

150

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
KIMBERLY HAMPTON	PRESIDENT	8.00	Officer Director	$0	$0	$0
CHARLES STAKER	VICE PRESIDE	8.00	Officer Director	$0	$0	$0
BRUCE SAMUELSEN	TREASURER	6.00	Officer Director	$0	$0	$0
KRISTINE WAGENAAR	SECRETARY	6.00	Officer Director	$0	$0	$0
CHARLES WILLIAMS	DIRECTOR EME	1.00	Director	$0	$0	$0
TIM ABRAHAMS	DIRECTOR	2.00	Director	$0	$0	$0
KATIE BARRACK	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER COCKRELL	DIRECTOR	2.00	Director	$0	$0	$0
TAYLOR DIEHL	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN OWENS	DIRECTOR	2.00	Director	$0	$0	$0
JAY LIGHTFOOT	DIRECTOR	2.00	Director	$0	$0	$0
CHASE MCCARTHY	DIRECTOR	2.00	Director	$0	$0	$0
TOM OSBORNE	DIRECTOR	6.00	Director	$0	$0	$0
JOEY WALKER	DIRECTOR	2.00	Director	$0	$0	$0
DIANE MCGUIRE	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$483,345	$296,203	$2,013,956	$187,142
2022	$285,380	$309,152	$1,781,200	$-23,772
2021	$200,600	$241,098	$1,972,573	$-40,498
2020	$140,196	$245,564	$1,937,966	$-105,368
2019	$268,828	$239,910	$1,914,488	$28,918
2018	$236,223	$308,632	$1,935,770	$-72,409