OLIVER HAZARD PERRY SHIPYARD (EIN 843796634) - 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

2020

Legal Domicile

Principal Officer

JOSEPH PFADT

Phone

8148645577

Tax Period

2024-01-01 to 2024-12-31

OLIVER HAZARD PERRY SHIPYARD, founded in 2020, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $58K in total revenue in fiscal year 2024. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 208% operating deficit.

Mission

TO FURTHER THE PERRY SHIPYARD PROJECT: THE INITIATIVE TO BRING A SHIPYARD, WITH THE CENTERPIECE OF A PERRY CLASS FRIGATE, TO ERIE PA. THE PROJECT HAS A LONGTERM MISSION OF EDUCATING THE PUBLIC ABOUT THE IMPORTANCE OF US NAVY IN HISTORY, RAISING AWARENESS FOR VETERANS WHO HAVE SERVED ABROAD SHIPS, AROUND THE WORLD, IN DEFENSE OF THIS NATION, AND EDUCATING FUTURE GENERATION ON THE IMPORTANCE OF MAINTATING A STRONG NATIONAL DEFENSE.

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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 $33,565

Program Service Revenue $0

Investment Income $24,635

Other Revenue $0

TOTAL REVENUE $58,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,280

Fundraising Expenses $3,504

Program Expenses $140,277

Other Expenses $157,155

TOTAL EXPENSES $179,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,200	$810,240	-0.9%
Expenses	$179,435	$409,711	-0.6%
Net Income	$-121,235	$400,529	-1.3%

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

Volunteers

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

$20,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TROPE	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFERY FROESS	TREASURER	1.00	Officer Director	$0	$0	$0
WENDY RIDGE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATHIEU SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DUNLAVEY	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR D MARTINUCCI	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK SQUEGLIA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EDGERTON	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN CROWE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PFADT	EXECUTIVE DIRECTOR/CEO/PRE	10.00	Officer	$20,630	$0	$20,630

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	$58,200	$179,435	$391,430	$-121,235
2023	$810,240	$409,711	$697,036	$400,529
2022	$1,324	$340,235	$280,987	$-338,911
2021	$500,620	$68,962	$451,047	$431,658

OLIVER HAZARD PERRY SHIPYARD