NORTH SEA MARITIME CENTER INC

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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

CONNIE CLAMAN

Phone

6312835376

Tax Period

2025-01-01 to 2025-12-31

NORTH SEA MARITIME CENTER INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $248K in total revenue in fiscal year 2025. Revenue surged 204% from the prior year, signaling strong growth momentum. The organization ran a surplus of $189K, a strong 76% operating margin.

Mission

THE TUPPER BOAT HOUSE HAS BEEN RAISED AND SECURED AND THE FUNDRAISING PLAN IS IN PLACE FOR RAISING MONEY TO CONTINUE THE PROJECT.

Program Service Accomplishments

Program 1

Expenses: $12,044

educational and recreational programs that increase the awareness and the relevance of historical and contemporary marine activities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $288,291

Program Service Revenue $0

Investment Income $18,101

Other Revenue $-58,877

TOTAL REVENUE $247,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $43,685

Program Expenses $12,044

Other Expenses $58,662

TOTAL EXPENSES $58,662

Year-over-Year Comparison

	2025	2024	Change
Revenue	$247,515	$81,336	+2.0%
Expenses	$58,662	$50,321	+0.2%
Net Income	$188,853	$31,015	+5.1%

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

N/A

Volunteers

N/A

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
MARK ANTILETY	Vice President	1.00	Officer Director	$0	$0	$0
LYNN ASHE	Secretary	1.00	Officer Director	$0	$0	$0
MARK MATTHEWS	President	1.00	Officer Director	$0	$0	$0
CONNIE CLAMAN	Treasurer	1.00	Officer Director	$0	$0	$0
KEVIN BEATTY	Director	1.00	Director	$0	$0	$0
ANN REISMAN	Director	1.00	Director	$0	$0	$0
TED ANDERSON	Vice President	1.00	Officer Director	$0	$0	$0
SHEILA COMPARETTO	Director	1.00	Director	$0	$0	$0
BRUCE MILLIKEN	Director	1.00	Director	$0	$0	$0
MIDGE FOWLER	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	$247,515	$58,662	$621,033	$188,853
2023	$424,551	$34,632	$401,165	$389,919