NAUTICUS FOUNDATION (EIN 541475802) - 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

1988

Legal Domicile

Principal Officer

STEPHEN KIRKLAND

Phone

7576641014

Tax Period

2024-07-01 to 2025-06-30

NAUTICUS DBA NAUTICUS FOUNDATION, founded in 1988, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2017. Expenses of $1.9M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO INSPIRE AND EDUCATE PEOPLE WITH ENGAGING AND INTERACTIVE EXPERIENCES THAT CELEBRATE OUR CONNECTIONS WITH TODAY'S MARITIME WORLD. THE NAUTICUS IS A CONTEMPORARY MUSEUM THAT USES THE NATURAL SETTING OF NORFOLK'S HARBOR TO SHOWCASE GLOBAL MARITIME COMMERCE AND THE WORLD'S LARGEST NAVY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,077,248

Program Service Revenue $2,144,275

Investment Income $63,636

Other Revenue $680,170

TOTAL REVENUE $5,965,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,047,654

Fundraising Expenses $266,801

Program Expenses $3,714,734

Other Expenses $2,347,709

TOTAL EXPENSES $4,395,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,965,329	$10,876,320	-0.5%
Expenses	$4,395,363	$4,263,089	+0.0%
Net Income	$1,569,966	$6,613,231	-0.8%

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

137

Volunteers

2149

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
PAUL FRAIM	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN REINHART	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK HONECKER	TREASURER	1.00	Officer Director	$0	$0	$0
KELSEY HOST SARCONE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARYELLEN BALDWIN	MEMBER	1.00	Director	$0	$0	$0
JUDY BARRETT	MEMBER	1.00	Director	$0	$0	$0
SARAH BEASLEY	MEMBER	1.00	Director	$0	$0	$0
WHITING CHISMAN	MEMBER	1.00	Director	$0	$0	$0
ROBERT CLARK	MEMBER	1.00	Director	$0	$0	$0
WILLIAM CROW	MEMBER	1.00	Director	$0	$0	$0
JONATHAN GALLO	MEMBER	1.00	Director	$0	$0	$0
MIKE HOPKINS	MEMBER	1.00	Director	$0	$0	$0
ELSPETH MCMAHON	MEMBER	1.00	Director	$0	$0	$0
MATT WILBRICHT	MEMBER	1.00	Director	$0	$0	$0
EDWARD WOLCOTT JR	MEMBER	1.00	Director	$0	$0	$0
W CLARK TAYLOR	MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER UITERWYK	MEMBER	1.00	Director	$0	$0	$0
STEPHEN KIRKLAND	EXECUTIVE DIRECTOR	20.00	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
2025	$5,965,329	$4,395,363	$19,537,732	$1,569,966
2024	No data	No data	No data	No data
2023	$9,286,378	$10,167,914	$11,251,555	$-881,536
2022	$7,543,316	$2,520,357	$12,429,451	$5,022,959
2021	$4,721,947	$2,012,909	$7,090,581	$2,709,038
2020	$2,164,508	$2,500,402	$4,242,791	$-335,894
2019	$2,816,608	$2,897,492	$4,466,569	$-80,884
2018	$1,371,391	$1,867,113	$4,206,663	$-495,722

NAUTICUS FOUNDATION