TURTLE BAY EXPLORATION PARK (EIN 680236299) - 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

1996

Legal Domicile

Principal Officer

LINDSAY MYERS

Phone

5302438850

Tax Period

2023-01-01 to 2023-12-31

TURTLE BAY EXPLORATION PARK, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $7.4M exceeded revenue, resulting in a 32% operating deficit.

Mission

TO INSPIRE WONDER, EXPLORATION AND APPRECIATION OF OUR WORLD.

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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 $5,522,458

Program Service Revenue $1,812,088

Investment Income $-1,312,517

Other Revenue $-412,218

TOTAL REVENUE $5,609,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,379,970

Fundraising Expenses $1,018,113

Program Expenses $4,256,580

Other Expenses $3,999,588

TOTAL EXPENSES $7,379,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,609,811	$12,961,213	-0.6%
Expenses	$7,379,558	$7,428,109	0.0%
Net Income	$-1,769,747	$5,533,104	-1.3%

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

178

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

$440,021

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSAY MYERS	CEO (STARTED 04/23)	24.00	Officer	$26,616	$505	$192,954
JENNIFER FINNEGAN	CFO	24.00	Officer	$34,466	$3,718	$112,559
LAURINDA WILLARD	COO	40.00	Officer	$81,135	$14,210	$95,345
MIKE WARREN	CEO (UNTIL 03/23)	24.00	Officer	$38,022	$1,141	$39,163
RANDALL HEMPLING	CHAIR	5.00	Officer Director	$0	$0	$0
JODY BURGESS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
IRENE SALTER	TREASURER	5.00	Officer Director	$0	$0	$0
JILL LETENDRE	SECRETARY	5.00	Officer Director	$0	$0	$0
DEE DOMKE	DEVELOPMENT CHAIR	5.00	Director	$0	$0	$0
JASON RICHART	MEMBER AT LARGE	5.00	Director	$0	$0	$0
MATTHEW MOSELEY	MEMBER AT LARGE	5.00	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	$5,609,811	$7,379,558	$42,157,117	$-1,769,747
2022	$12,961,213	$7,428,109	$44,641,842	$5,533,104
2021	$8,223,185	$7,646,564	$48,250,618	$576,621
2020	$7,018,286	$6,773,011	$46,579,013	$245,275
2019	$4,171,940	$6,490,504	$45,532,472	$-2,318,564
2018	$4,013,120	$6,307,167	$47,303,203	$-2,294,047

TURTLE BAY EXPLORATION PARK