ANNAPOLIS WATERFRONT CENTER INC (EIN 832867459) - 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

2019

Legal Domicile

Principal Officer

JAMES MULDOON

Phone

4109523174

Tax Period

2024-01-01 to 2024-12-31

ANNAPOLIS WATERFRONT CENTER INC, founded in 2019, is a micro nonprofit that reported $5K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $93K, a strong 1861% operating margin.

Mission

THE ANNAPOLIS WATERFRONT CENTER IS DEDICTED TO CELEBRATING, SHARING AND ENHANCING THE MARITIME HERITAGE OF ANNAPOLIS BY INCLUSIVELY ENGAGING RESIDENTS, STUDENTS, VISITORS, AND THE ENTIRE COMMUNITY IN UNIVERSALLY ACCESSIBLE BOATING, EDUCATION ABOUT ALL ASPECTS OF BOATING AND THE SCIENCE OF BOATING, AND STEWARDSHIP OF THE CHESAPEAKE BAY, AND ALL OTHER APPROPRIATE ACTIVITIES GENERALLY RELATED THERETO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $5,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,884

Other Expenses $-88,046

TOTAL EXPENSES $-88,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,001	$196,259	-1.0%
Expenses	$-88,046	$199,259	-1.4%
Net Income	$93,047	$-3,000	-32.0%

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

$31,645

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MULDOON	PRESIDENT	5.00	Officer Director	$0	$0	$0
SCOTT ALLAN	TREASURER	5.00	Officer Director	$0	$0	$0
ERNESTINE SHINEMAN	TRUSTEE	5.00	Director	$0	$0	$0
ARTHER LEX BIRNEY JR	TRUSTEE	5.00	Director	$0	$0	$0
ALYSON L HALL	TRUSTEE	5.00	Director	$0	$0	$0
TARASA DAVIS	TRUSTEE	5.00	Director	$0	$0	$0
BRIAN LYMAN	TRUSTEE	5.00	Director	$0	$0	$0
C LEE TAWNEY	EXECUTIVE DIRECTOR	50.00	Director	$31,645	$0	$31,645

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	$5,001	$-88,046	No data	$93,047
2023	$196,259	$199,259	$40,237	$-3,000
2022	$125,024	$140,138	$1,016	$-15,114
2021	$61,284	$106,712	$5,937	$-45,428
2020	$135,200	$143,429	$5,802	$-8,229
2019	$31,601	$52,877	$12,632	$-21,276

ANNAPOLIS WATERFRONT CENTER INC