Maritime Museum Louisiana (EIN 721200018) - 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

1991

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Maritime Museum Louisiana, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $597K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $697K exceeded revenue, resulting in a 17% operating deficit.

Mission

The organizations mission is to preserve the marine, naval, and maritime history of the Lake Pontchartrain Basin, including its cultural heritage. We do so by collecting , preserving, analyzing, interpreting, and exhibiting these cultural resources.

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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 $181,270

Program Service Revenue $294,845

Investment Income $0

Other Revenue $120,435

TOTAL REVENUE $596,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,290

Fundraising Expenses $9,190

Program Expenses $510,019

Other Expenses $549,124

TOTAL EXPENSES $697,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,550	$630,884	-0.1%
Expenses	$697,414	$824,855	-0.2%
Net Income	$-100,864	$-193,971	-0.5%

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

175

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
Jim MacPherson	Executive Director	45.00	Highest	$46,210	$0	$46,210
John Bell	Board Member	1.00	Director	$0	$0	$0
Gwen Bulotte	Board Member	0.25	Director	$0	$0	$0
Michaelyn Broussard	Exec Comm	1.00	Director	$0	$0	$0
Warren Davie	Board Member	0.25	Director	$0	$0	$0
Elaine Gardner	Board Member	0.10	Director	$0	$0	$0
Samantha Goodwin	Board Member	0.10	Director	$0	$0	$0
Lynne Haase	Board Member	0.10	Director	$0	$0	$0
Lora Haddox	Board Member	0.25	Director	$0	$0	$0
Barney Knoess	Exec Comm	1.00	Director	$0	$0	$0
Don Lynch	Curator	0.25	Director	$0	$0	$0
Todd Loup	Board Member	0.25	Director	$0	$0	$0
Joel Whitehead	Board Member	0.10	Director	$0	$0	$0
Louise Lovich	Board Member	0.50	Director	$0	$0	$0
John Gniady	Past President	0.50	Director	$0	$0	$0
Hooper Harris	Board Member	0.25	Director	$0	$0	$0
Daniel Munn	Board Member	0.25	Director	$0	$0	$0
Danny Schaus	Exec Comm	1.00	Director	$0	$0	$0
Michael Gagliardi	Treasurer	1.00	Officer	$0	$0	$0
Tom Meehan	Secretary	1.00	Officer	$0	$0	$0
Alexis Hocevar	President	5.00	Officer	$0	$0	$0
Steven Marcus	Vice President	5.00	Officer	$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	$596,550	$697,414	$1,559,315	$-100,864
2023	$630,884	$824,855	$1,468,016	$-193,971
2022	$544,883	$561,494	$1,691,745	$-16,611
2021	$327,024	$358,436	$1,623,595	$-31,412
2020	$39,671	$279,716	$1,635,731	$-240,045
2019	$348,679	$532,982	$1,726,874	$-184,303
2018	$441,289	$552,476	$1,891,211	$-111,187

Maritime Museum Louisiana