SHIPS OF EXPLORATION & DISCOVERY R… - Form 990 Financial Data

🔒

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

1989

Legal Domicile

Principal Officer

DONALD H KEITH

Phone

5052167675

Tax Period

2025-01-01 to 2025-12-31

SHIPS OF EXPLORATION & DISCOVERY RESRCH, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $143K in total revenue in fiscal year 2025. Revenue fell 65% from the prior year — a significant decline worth monitoring.

Mission

EXPLORING FOR & CONSERVING HISTORICAL SHIPS

Program Service Accomplishments

Program 1

Expenses: $106,614 Revenue: $122,274

DPAA PROJECTS (MULTIPLE) - DEFENSE POW-MIA ACCOUNTING AGENCY PROJECTS FOR THE SURVEY AND EVACUATION OF WWII AIRCRAFT LOSSES TO LOCATE AND RECOVER REMAINS OF US SERVICE PERSONNEL.

Program 2

Expenses: $0 Revenue: $21,101

BOEM PROJECT - CREATION AND MAINTENANCE OF AN ArcGIS PROJECT THAT CAN SUPPORT A GEO-REFERENCED DATABASE OF KNOWN, REPORTED, AND POTENTIAL UCH RESOURCES (e.g. SHIPWRECKS, AIRPLANES, ETC) ON THE OUTER CONTINENTAL SHELF(OCS) OF THE COMMONWEALTH OF THE NORTHERN MARIANA ISLAND(CNMI), GUAM AND AMERICAN SAMOA.

Program 3

Expenses: $19,086 Revenue: $0

NOAA OE SAIPAN - NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION OCEAN EXPLORATION GRANT TO INVENTORY, IDENTIFY, AND DOCUMENT SUBMERGED WWII CULTURAL RESOURCES IN SAIPAN.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $142,075

Program Service Revenue $1,300

Investment Income $4

Other Revenue $0

TOTAL REVENUE $143,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,252

Fundraising Expenses $0

Program Expenses $126,631

Other Expenses $120,143

TOTAL EXPENSES $143,395

Year-over-Year Comparison

	2025	2024	Change
Revenue	$143,379	$412,688	-0.7%
Expenses	$143,395	$383,002	-0.6%
Net Income	$-16	$29,686	-1.0%

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

$21,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD H KEITH	PRESIDENT	40.00	Officer	$10,800	$0	$10,800
TONI L CARRELL	SECRETARY	40.00	Officer	$10,800	$0	$10,800
RANDEL C DAVIS	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	$143,379	$143,395	$164,652	$-16
2024	No data	No data	No data	No data
2023	$386,262	$369,521	$128,184	$16,741
2020	$227,532	$96,097	$162,283	$131,435
2019	$761,815	$724,946	$50,180	$36,869

SHIPS OF EXPLORATION & DISCOVERY RESRCH