NEWPORT CAR MUSEUM INCORPORATED (EIN 814362384) - 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

2016

Legal Domicile

Principal Officer

GUNTHER BUERMAN

Phone

4018482277

Tax Period

2023-01-01 to 2023-12-31

NEWPORT CAR MUSEUM INCORPORATED, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 45% operating deficit.

Mission

ESTABLISH A CLASSIC CAR MUSEUM FOR THE PUBLIC AS WELL AS LIBRARIES TO REFERENCE THE DESIGN AND MANUFACTURE OF THESE VEHICLES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,225

Program Service Revenue $912,493

Investment Income $340

Other Revenue $403,772

TOTAL REVENUE $1,319,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $740,704

Fundraising Expenses $0

Program Expenses $1,337,560

Other Expenses $1,170,094

TOTAL EXPENSES $1,910,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,319,830	$1,403,601	-0.1%
Expenses	$1,910,798	$1,572,442	+0.2%
Net Income	$-590,968	$-168,841	+2.5%

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

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
GUNTHER K BUERMAN	CHAIRMAN	15.00	Officer Director	$0	$0	$0
MARGARETHA BUERMAN	PRESIDENT	15.00	Officer Director	$0	$0	$0
MAGNUS BUERMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
GABRIELLA WEINSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
GRETA BUERMAN	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE LEE	EMPLOYEE	40.00	Highest	$129,692	$0	$129,692

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	$1,319,830	$1,910,798	$2,293,748	$-590,968
2022	$1,403,601	$1,572,442	$2,476,161	$-168,841
2021	$2,440,575	$1,305,601	$2,852,461	$1,134,974
2020	$1,496,440	$1,096,787	$3,099,836	$399,653
2019	$652,716	$1,114,367	$3,427,673	$-461,651
2018	$550,879	$1,087,676	$3,701,723	$-536,797

NEWPORT CAR MUSEUM INCORPORATED