TEXAS MARITIME MUSEUM ASSOCIATION INC (EIN 742097680) - 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

1980

Legal Domicile

Principal Officer

THOMAS B RODINO

Phone

3617291271

Tax Period

2024-07-01 to 2025-06-30

TEXAS MARITIME MUSEUM ASSOCIATION INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $866K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $814K left a modest 6% surplus.

Mission

PRESERVATION OF MARITIME HISTORY THROUGH EXHIBITS AND EDUCATIONAL PROGRAMS.

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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 $749,302

Program Service Revenue $16,339

Investment Income $4,704

Other Revenue $95,349

TOTAL REVENUE $865,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,422

Fundraising Expenses $0

Program Expenses $449,991

Other Expenses $504,348

TOTAL EXPENSES $813,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$865,694	$1,030,803	-0.2%
Expenses	$813,770	$590,624	+0.4%
Net Income	$51,924	$440,179	-0.9%

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

250

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

$77,283

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Hattman	BOARD OF TRUSTEE	1.00	Director	$0	$0	$0
THOMAS B RODINO	Board of Trustee President	4.00	Director	$0	$0	$0
MICHAEL ABLES	EXECUTIVE DIRECTOR	40.00	Key Emp	$77,283	$0	$77,283
David Hendrick	Board of Trustee Vice President	1.00	Director	$0	$0	$0
Kenneth Kellar	Board of Trustee Sec/Treas.	1.00	Director	$0	$0	$0
CECIL ROUSSEAU	BOARD OF TRUSTEE	1.00	Director	$0	$0	$0
Tabitha Brown	BOARD OF TRUSTEE	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	$865,694	$813,770	$1,959,744	$51,924
2024	No data	No data	No data	No data
2023	$517,438	$416,261	$1,344,507	$101,177
2022	$463,550	$398,554	$1,260,781	$64,996
2021	$391,403	$343,097	$1,193,258	$48,306
2020	$237,565	$354,738	$1,141,673	$-117,173
2019	$295,613	$398,801	$1,226,720	$-103,188
2018	$777,987	$920,979	$1,339,171	$-142,992

TEXAS MARITIME MUSEUM ASSOCIATION INC