COASTAL DISCOVERY MUSEUM (EIN 570801415) - 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

1985

Legal Domicile

Principal Officer

REX GARNIEWICZ

Phone

8436896767

Tax Period

2024-07-01 to 2025-06-30

COASTAL DISCOVERY MUSEUM, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $8.9M represent 57 months of operating reserves.

Mission

TO COMMUNICATE TO ITS MEMBERS AND TO THE GENERAL PUBLIC THE SIGNIFICANCE OF THE CULTURAL AND ENVIRONMENTAL HERITAGE OF THE LOWCOUNTRY; TO PROVIDE EDUCATIONAL PROGRAMMING TO RESIDENTS OF AND VISITORS TO HILTON HEAD, SC.

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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 $1,092,252

Program Service Revenue $395,276

Investment Income $109,617

Other Revenue $265,729

TOTAL REVENUE $1,862,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,172,958

Fundraising Expenses $74,232

Program Expenses $1,434,226

Other Expenses $754,856

TOTAL EXPENSES $1,927,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,862,874	$2,444,065	-0.2%
Expenses	$1,927,814	$1,792,181	+0.1%
Net Income	$-64,940	$651,884	-1.1%

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

300

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

$268,012

Total Directors

$268,012

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAYE BLACK	MEMBER	1.00	Director	$0	$0	$0
LINDSAY BUNTING	MEMBER	1.00	Director	$0	$0	$0
JUDITH DUNNING	MEMBER	1.00	Director	$0	$0	$0
REX GARNIEWICZ	PRESIDENT AN	40.00	Officer Director	$241,042	$26,970	$268,012
JOHN GILBERT	MEMBER	1.00	Director	$0	$0	$0
LESLEY GREEN	SECRETARY	1.00	Officer Director	$0	$0	$0
FREDERICK HACK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRED MANSKE JR	EMERITUS	1.00	Director	$0	$0	$0
MARGARET MCMANUS	CHAIR	1.00	Officer Director	$0	$0	$0
LAWRENCE KRAMER	MEMBER	1.00	Director	$0	$0	$0
LESLIE RICHARDSON	MEMBER	1.00	Director	$0	$0	$0
BURN SEARS	MEMBER	1.00	Director	$0	$0	$0
PAUL STEVENS	TREASURER	1.00	Officer Director	$0	$0	$0
LORI WELLINGHOFF	MEMBER	1.00	Director	$0	$0	$0
DR ROSELLE L WILSON	MEMBER	1.00	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
2025	$1,862,874	$1,927,814	$9,165,405	$-64,940
2024	$2,444,065	$1,792,181	$9,093,997	$651,884
2023	$2,293,516	$1,463,301	$8,611,739	$830,215
2022	$1,911,663	$1,509,476	$7,166,489	$402,187
2021	$1,562,651	$1,469,797	$6,960,433	$92,854
2020	$1,559,348	$1,465,596	$6,451,285	$93,752
2019	$1,641,718	$1,574,514	$6,404,805	$67,204

COASTAL DISCOVERY MUSEUM