FRIENDS OF THE MUSEUM NORTH CAROLINA MARITIME MUSEUM INC (EIN 561278009) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

BRUCE PRAGER

Phone

2527282762

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE MUSEUM NORTH CAROLINA MARITIME MUSEUM INC, founded in 1977, is a small nonprofit that reported $855K in total revenue in fiscal year 2023. The organization ran a surplus of $221K, a strong 26% operating margin.

Mission

TO SUPPORT PROGRAMS OF THE NC MARITIME MUSEUM

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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 $330,700

Program Service Revenue $162,178

Investment Income $13,147

Other Revenue $348,964

TOTAL REVENUE $854,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,535

Fundraising Expenses $32,879

Program Expenses $575,599

Other Expenses $368,157

TOTAL EXPENSES $633,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$854,989	$810,749	+0.1%
Expenses	$633,692	$614,201	+0.0%
Net Income	$221,297	$196,548	+0.1%

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

100

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

$114,325

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT CREELMAN	DIRECTOR OF	40.00	Director	$61,033	$0	$61,033
DAVID DALY	DIR. OF DEVE	40.00	Director	$53,292	$0	$53,292
BETH BESWICK	SECRETARY	4.00	Officer Director	$0	$0	$0
CINDY CASH	DIRECTOR	2.00	Director	$0	$0	$0
GABRIELE EBNER	TREASURER	2.00	Officer Director	$0	$0	$0
PERRY HARKER	DIRECTOR	2.00	Director	$0	$0	$0
WILL HARVEY	DIRECTOR	2.00	Director	$0	$0	$0
LEE HINSON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LIPICCOLO	DIRECTOR	2.00	Director	$0	$0	$0
MIKE PETERS	EX-OFFICIO	2.00	Director	$0	$0	$0
BRUCE PRAGER	PRESIDENT	20.00	Officer Director	$0	$0	$0
REUBEN SAUNDERS	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH SCHWARZER	EX-OFFICIO	2.00	Director	$0	$0	$0
BOB TERWILLIGER	VICE-PRESIDE	4.00	Officer Director	$0	$0	$0
DIANNE TETREAULT	DIRECTOR	2.00	Director	$0	$0	$0
MILLIE WARREN	DIRECTOR	2.00	Director	$0	$0	$0
BILL WEINHOLD	DIRECTOR	2.00	Director	$0	$0	$0
WALTER R WOOD	EX-OFFICIO	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	$854,989	$633,692	$1,549,597	$221,297
2022	$810,749	$614,201	$1,345,861	$196,548
2021	$748,468	$423,664	$1,178,898	$324,804
2020	$439,161	$335,740	$869,537	$103,421
2019	$610,630	$467,159	$727,546	$143,471
2018	$516,251	$500,879	$597,975	$15,372

FRIENDS OF THE MUSEUM NORTH CAROLINA MARITIME MUSEUM INC