PT BOATS INC (EIN 626080953) - 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

1967

Legal Domicile

Principal Officer

CHARLES B JONES

Phone

9017558440

Tax Period

2025-01-01 to 2025-12-31

PT BOATS INC, founded in 1967, is a small nonprofit in the Arts, Culture & Humanities sector that reported $100K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $119K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDING SERVICE TO P.T. BOATS VETERANS

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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 (2025)

Revenue Breakdown

Contributions & Grants $51,921

Program Service Revenue $46,110

Investment Income $2,193

Other Revenue $0

TOTAL REVENUE $100,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,451

Fundraising Expenses $0

Program Expenses $118,824

Other Expenses $70,373

TOTAL EXPENSES $118,824

Year-over-Year Comparison

	2025	2024	Change
Revenue	$100,224	$77,895	+0.3%
Expenses	$118,824	$133,206	-0.1%
Net Income	$-18,600	$-55,311	-0.7%

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
CHARLES B JONES	PRESIDENT	1.00	Director	$0	$0	$0
SHARON SWEENEY	VICE PRESIDENT	1.00	Director	$0	$0	$0
RICK BETHUNE	DIRECTOR	1.00	Director	$0	$0	$0
SUELLEN TURNER	DIRECTOR	1.00	Director	$0	$0	$0
ED PERNICK	DIRECTOR	1.00	Director	$0	$0	$0
ANDY SMALL	DIRECTOR	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	$100,224	$118,824	$1,215,895	$-18,600
2024	No data	No data	No data	No data
2023	$85,540	$125,947	$1,017,375	$-40,407
2022	$126,942	$131,300	$1,024,383	$-4,358
2021	$155,236	$120,717	$1,160,764	$34,519
2020	$129,411	$167,571	$1,126,203	$-38,160
2019	$149,008	$208,404	$1,010,977	$-59,396

PT BOATS INC