HOUSTON MARITIME MUSEUM (EIN 760642410) - 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

2000

Legal Domicile

Principal Officer

MARGARET KIDD

Phone

7133895055

Tax Period

2024-01-01 to 2024-12-31

HOUSTON MARITIME MUSEUM, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 165% from the prior year, signaling strong growth momentum. The organization ran a surplus of $354K, a strong 35% operating margin.

Mission

HOUSTON MARITIME MUSEUM'S MISSION IS: TO NAVIGATE HOUSTON'S ORIGIN AND MARITIME CONNECTION TO THE WORLD THROUGH EXHIBIT, EDUCATION AND EXPERIENCE.

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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 $995,601

Program Service Revenue $8,400

Investment Income $1,614

Other Revenue $14,606

TOTAL REVENUE $1,020,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,851

Fundraising Expenses $89,626

Program Expenses $521,892

Other Expenses $500,507

TOTAL EXPENSES $666,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,020,221	$384,596	+1.7%
Expenses	$666,358	$608,710	+0.1%
Net Income	$353,863	$-224,114	-2.6%

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

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

$153,360

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDGE ED EMMETT	MEMBER	2.00	Director	$0	$0	$0
MARCO POISLER	MEMBER	2.00	Director	$0	$0	$0
MARGARET KIDD	MEMBER	2.00	Director	$0	$0	$0
RUTHIE PORTERFIELD	MEMBER	2.00	Director	$0	$0	$0
CAPTAIN JASON SMITH	MEMBER	2.00	Director	$0	$0	$0
CAPTAIN CLINT WINEGAR	MEMBER	2.00	Director	$0	$0	$0
DERRICK THOMAS	MEMBER AT LARGE	2.00	Officer Director	$0	$0	$0
RENEE KLIMCZAK	SECRETARY	2.00	Officer Director	$0	$0	$0
SARA HOWELL	CHAIRMAN	10.00	Officer Director	$0	$0	$0
CAPTAIN ED CARR	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MIKE DUMAS	TREASURER	2.00	Officer Director	$0	$0	$0
LESLIE BOWLIN	EXEC DIR (THRU 7/2024)	40.00	Officer	$81,667	$2,210	$83,877
BRIAN COSGROVE	INTERIM EXEC DIR (FROM 8/2024)	40.00	Officer	$63,333	$6,150	$69,483

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	$1,020,221	$666,358	$2,330,800	$353,863
2023	$384,596	$608,710	$253,025	$-224,114
2022	$454,682	$560,746	$436,433	$-106,064
2021	$526,405	$256,998	$1,043,744	$269,407
2020	$271,514	$402,080	$839,886	$-130,566

HOUSTON MARITIME MUSEUM