Alexandria, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Tall Ship Providence Foundation, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 41% operating deficit.
Our mission is to bring history to life on Alexandria's waterfront. Our Maritime Heritage Center serves as a floating museum and classroom where we educate visitors on the role Providence and Captain John Paul Jones played during the American Revolution.
Providence is a reproduction of the first ship authorized to serve in the Continental Navy. Our tours are interactive, educational and entertaining. Once our guests "make their mark" they are the...
Providence is a reproduction of the first ship authorized to serve in the Continental Navy. Our tours are interactive, educational and entertaining. Once our guests "make their mark" they are the newest recruits in the Continental Navy. Their tour guide, a fellow sailor in colonial clothes, distributes cards with job assignments (e.g., purser, master gunner, etc.) and briefs them on the ship and reminds them of the reason they are here. Guests then board Providence and meet Captain John Paul Jones. Once aboard, guests visit the quarterdeck, main deck, Captain's Cabin and the hold. Once the new recruits disembark, they enter our Naval History Theater to view a film, "Providence: Dawn of the U.S. Navy."
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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