The Spaulding Wooden Boat Center

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Bill Edinger

Phone

4153323179

Tax Period

2023-01-01 to 2023-12-31

The Spaulding Wooden Boat Center, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE A GATEWAY TO WOODEN BOAT CONSTRUCTION, TRADITIONS AND SEAMANSHIP FOR PEOPLE OF ALL WALKS OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $1,056,294 Revenue: $1,199,301

OPERATION OF HISTORIC BOAT BUILDING FACILITY, MAINTAINING THE SKILLS TO REPAIR AND BUILD BOATS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $281,204

Program Service Revenue $807,108

Investment Income $230

Other Revenue $46,160

TOTAL REVENUE $1,134,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $660,048

Fundraising Expenses $76,368

Program Expenses $1,056,294

Other Expenses $595,393

TOTAL EXPENSES $1,255,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,134,702	$1,127,539	+0.0%
Expenses	$1,255,441	$1,208,425	+0.0%
Net Income	$-120,739	$-80,886	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

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
Bill Edinger	President	2.00	Officer Director	$0	$0	$0
Linda Swanson	Secretary	2.00	Officer Director	$0	$0	$0
Thomas Miller	Chairman	2.00	Officer Director	$0	$0	$0
Heather Richard	Director	2.00	Director	$0	$0	$0
Kevin Baldwin	Director	2.00	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	$1,134,702	$1,255,441	$1,363,453	$-120,739
2022	$1,127,539	$1,208,425	$1,493,364	$-80,886
2021	$1,084,800	$1,092,492	$1,605,316	$-7,692
2020	$472,349	$783,502	$1,672,863	$-311,153
2019	$1,040,933	$912,352	$1,783,475	$128,581
2018	$872,892	$828,533	$1,621,119	$44,359
2018	$872,892	$828,533	$1,621,119	$44,359