Tall Ship Providence Foundation (EIN 822485535) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

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

2017

Legal Domicile

Principal Officer

Patrick Burchette

Phone

7039151600

Tax Period

2023-01-01 to 2023-12-31

Tall Ship Providence Foundation, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $150K in total revenue in fiscal year 2018. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $194K exceeded revenue, resulting in a 30% operating deficit.

Mission

We are a floating classroom; our focus is to educate while entertaining our guests on the role Providence and the Continental Navy played in the American Revolution.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $935,842

Program Service Revenue $232,509

Investment Income $-16,490

Other Revenue $16,868

TOTAL REVENUE $1,168,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $856,038

Fundraising Expenses $23,690

Program Expenses $1,256,623

Other Expenses $794,744

TOTAL EXPENSES $1,650,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,168,729	$4,773,820	-0.8%
Expenses	$1,650,782	$994,669	+0.7%
Net Income	$-482,053	$3,779,151	-1.1%

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

Employees

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

$161,867

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Scott Shaw	Chair	10.00	Officer Director	$0	$0	$0
Tom Church	Treasurer	10.00	Officer Director	$0	$0	$0
Serge Sarandinaki	Secretary (through Spring 2023)	10.00	Officer Director	$0	$0	$0
Rusty Connor	Director	3.00	Director	$0	$0	$0
Kirk Casey	Director	3.00	Director	$0	$0	$0
Valerie Ianieri	Director	3.00	Director	$0	$0	$0
Henry Fonville	Director	3.00	Director	$0	$0	$0
Patrick Burchette	Director	3.00	Director	$0	$0	$0
Walter Trip Howell IV	Director	3.00	Director	$0	$0	$0
Clair S Sassin	President & CEO	40.00	Officer	$161,867	$0	$161,867

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	$1,168,729	$1,650,782	$7,395,699	$-482,053
2022	$4,773,820	$994,669	$5,101,475	$3,779,151
2021	$1,034,666	$1,028,715	$2,543,328	$5,951
2020	$399,296	$703,539	$2,102,096	$-304,243
2019	$328,510	$568,117	$1,620,699	$-239,607
2018	$149,979	$194,426	$1,100,650	$-44,447

Tall Ship Providence Foundation