SPARKMAN & STEPHENS MUSEUM AND RESEARCH CENTER

EIN: 853931715 501(c)(3) Arts, Culture & Humanities

NEWPORT, RI

Total Revenue
$9,000
Total Expenses
$11,675
Total Assets
$206,030
Net Assets
$206,030
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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
RI
Principal Officer
DONALD TOFIAS
Phone
4018475449
Tax Period
2023-01-01 to 2023-12-31

SPARKMAN & STEPHENS MUSEUM AND RESEARCH CENTER, founded in 2020, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $9K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $12K exceeded revenue, resulting in a 30% operating deficit.

Mission

EXCLUSIVELY FOR CHARITABLE RELIGIOUS EDUCATIONAL AND SCIENTIFIC PURPOSES TO COLLECT, HOLD, AND RPESERVE THE SPARKMAN AND STEPHENS NAVAL ARCHITECTURE AND BROKERAGE FIRMS COLLECTION OF DESIGN DRAWINGS, CALCULATIONS, AND OTHER TECHNICAL DOCUMENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $11,675
TOTAL EXPENSES $11,675

Year-over-Year Comparison

2023 2022 Change
Revenue $9,000 $5,000 +0.8%
Expenses $11,675 $8,337 +0.4%
Net Income $-2,675 $-3,337 -0.2%
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

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Governance

Voting Members
7
Independent Members
7
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD TOFIAS PRESIDENT 5.00
Officer Director
$0 $0 $0
RICHA BRENTLY TREASURER 5.00
Officer Director
$0 $0 $0
GERALD GOLDFUST DIRECTOR 1.00
Director
$0 $0 $0
CLIFTON LEON HARDT DIRECTOR 1.00
Director
$0 $0 $0
BRENDON ABBOTT DIRECTOR 5.00
Director
$0 $0 $0
ANDREW BREECE DIRECTOR 1.00
Director
$0 $0 $0
JENS LANGE DIRECTOR 1.00
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 $9,000 $11,675 $206,030 $-2,675
2022 $5,000 $8,337 $208,705 $-3,337
2021 $23,060 $16,018 $212,042 $7,042
2020 $208,164 $3,164 $205,000 $205,000
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