FIREBOAT MCKEAN PRESERVATION

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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

2018

Legal Domicile

Principal Officer

TRACY CONTE

Phone

9149061932

Tax Period

2023-01-01 to 2023-12-31

FIREBOAT MCKEAN PRESERVATION, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $25K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Net assets of $476K represent 225 months of operating reserves.

Mission

THE FIREBOAT MCKEAN PRESERVATION PROJECT IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSE UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW. THE FIREBOAT MCKEAN PRESERVATION PROJECT IS FORMED EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSE OF REPAIRING, MAINTAINING AND SHARING THE LOCALLY AND HISTORICALLY SIGNIFICANT FIREBOAT JOHN D. MCKEAN WITH THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $18,773

THE FIREBOAT MCKEAN PRESERVATION PROJECT IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSE UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW. THE FIREBOAT MCKEAN PRESERVATION...

THE FIREBOAT MCKEAN PRESERVATION PROJECT IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSE UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW. THE FIREBOAT MCKEAN PRESERVATION PROJECT IS FORMED EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSE OF REPAIRING, MAINTAINING AND SHARING THE LOCALLY AND HISTORCIALLY SIGNIFICANT FIREBOAT JOHN D. MCKEAN WITH THE PUBLIC.

Program 2

N/A

Program 3

N/A

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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 $25,394

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $25,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,773

Other Expenses $27,846

TOTAL EXPENSES $27,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,394	$27,767	-0.1%
Expenses	$27,846	$33,105	-0.2%
Net Income	$-2,452	$-5,338	-0.5%

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

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
TRACY CONTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID ROCCO	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
CHRISTOPHER MURRAY	SECRETARY	0.00	Officer Director	$0	$0	$0
ROBERT BOWKER	TREASURER	0.00	Officer Director	$0	$0	$0
ANTHONY MAIELLO	OFFICER	0.00	Officer 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
2024	No data	No data	No data	No data
2023	$25,394	$27,846	$477,981	$-2,452
2022	$27,767	$33,105	$478,184	$-5,338
2021	$33,656	$24,345	$489,615	$9,311
2020	$18,742	$19,031	$479,471	$-289
2019	$189,923	$189,178	$478,885	$745