STEAMSHIP HISTORICAL SOCIETY OF AM… - 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

1935

Legal Domicile

Principal Officer

MATTHEW S SCHULTE

Phone

4014633570

Tax Period

2024-01-01 to 2024-12-31

STEAMSHIP HISTORICAL SOCIETY OF AMERICA, founded in 1935, is a small nonprofit in the Arts, Culture & Humanities sector that reported $706K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $633K left a modest 10% surplus.

Mission

THE SOCIETY WAS ORGANIZED TO PRESERVE AND DISSEMINATE THE HISTORY OF ENGINE-POWERED VESSELS.

Program Service Accomplishments

Program 1

THE STEAMSHIP HISTORICAL SOCIETY OF AMERICA PROMOTES AND COORDINATES THE ACTIVITIES OF COLLECTORS AND HISTORIANS OF MATERIAL RELATED TO STEAM AND OTHER POWER DRIVEN WATER VESSELS. POWERSHIPS IS AN...

THE STEAMSHIP HISTORICAL SOCIETY OF AMERICA PROMOTES AND COORDINATES THE ACTIVITIES OF COLLECTORS AND HISTORIANS OF MATERIAL RELATED TO STEAM AND OTHER POWER DRIVEN WATER VESSELS. POWERSHIPS IS AN 88-PAGE FULL COLOR PRINTED MAGAZINE, WHICH IS PUBLISHED AND DISTRIBUTED QUARTERLY. IT HAS BEEN CONTINUOUSLY PRODUCED SINCE 1940, WHEN IT BEGAN AS THE STEAMBOAT BILL OF FACTS. THE HISTORICAL COLLECTIONS OF THE SOCIETY CONSIST OF BOOKS, PRINTS, PAINTINGS, PHOTOGRAPHS, SLIDES, LITERATURE, MODELS AND OTHER MEMORABILIA RELATED TO ENGINE-POWERED WATER VESSELS. THE ORGANIZATION ALSO OPERATES THE 6,000+ SQUARE FOOT SHIP HISTORY CENTER, WHICH INCLUDES 10,000 VOLUME LIBRARY, HUNDREDS OF THOUSANDS OF PHOTOGRAPHS AND TENS OF THOUSANDS OF OTHER DOCUMENTS AND EPHEMERA RELATING TO THE HISTORY OF ENGINE-POWERED VESSELS. SSHSA EMPHASIZES THREE IMPORTANT MARITIME THEMES- IMMIGRATION, TRADE & LEISURE, AND FOCUSES ITS EDUCATIONAL OUTREACH TO THE NEXT GENERATION BY HIGHLIGHTING "S.T.E.A.M."-SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATH.

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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 $276,888

Program Service Revenue $0

Investment Income $7,146

Other Revenue $421,743

TOTAL REVENUE $705,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,734

Fundraising Expenses $57,255

Program Expenses $424,791

Other Expenses $359,144

TOTAL EXPENSES $632,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$705,777	$626,904	+0.1%
Expenses	$632,878	$614,324	+0.0%
Net Income	$72,899	$12,580	+4.8%

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

Volunteers

N/A

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
MATTHEW S SCHULTE	EXECUTIVE DI	N/A	Highest	$145,750	$0	$145,750
PATRICK DACEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
JIMMY ZATWARNICKI	PRESIDENT	N/A	Officer Director	$0	$0	$0
ANDREW COGGINS	SECRETARY	N/A	Officer Director	$0	$0	$0
BARRY EAGER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
NICHOLAS LANGHART	VP / TREASUR	N/A	Officer Director	$0	$0	$0
DONALD LEAVITT	DIRECTOR	N/A	Director	$0	$0	$0
BEN LYONS	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM MILLER JR	DIRECTOR	N/A	Director	$0	$0	$0
DAVID PICKERING	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTIAN RODEN	DIRECTOR	N/A	Director	$0	$0	$0
DARSHELL SILVA	DIRECTOR	N/A	Director	$0	$0	$0
CLINT STRONG	DIRECTOR	N/A	Director	$0	$0	$0
ERIC TAKAKJIAN	DIRECTOR	N/A	Director	$0	$0	$0
TERRY TILTON	DIRECTOR	N/A	Director	$0	$0	$0
KATE VESCERA	DIRECTOR	N/A	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	$705,777	$632,878	$852,278	$72,899
2023	$626,904	$614,324	$1,065,232	$12,580
2022	$593,693	$550,314	$1,246,849	$43,379
2021	$1,094,974	$541,174	$1,614,192	$553,800
2020	$902,198	$663,590	$2,666,241	$238,608
2019	$562,352	$635,414	$1,649,770	$-73,062
2018	$349,853	$577,321	$1,869,944	$-227,468

STEAMSHIP HISTORICAL SOCIETY OF AMERICA