STIRLING HARBOR FOUNDATION INC

EIN: 862741614 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$4,941,424
Total Expenses
$1,631,445
Total Assets
$7,886,750
Net Assets
$7,638,547
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
JEFFREY TRUELOVE
Phone
6462695768
Tax Period
2023-01-01 to 2023-12-31

STIRLING HARBOR FOUNDATION INC, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.3M, a strong 67% operating margin.

Mission

STIRLING HARBOR FOUNDATION INC IS ORGANIZED AND WILL BE OPERATING AS AN EDUCATIONAL AND CHARITABLE ORGANIZATION WITH THE PURPOSES TO INCLUDE THE PRESENTATION OF EDUCATIONAL EVENTS, WORKSHOPS AND SEMINARS ABOUT HISTORICALLY SIGNIFICANT BOATS AND OTHER PROGRAMS TO PROMOTE THE DESIGN, USE AND MASTERY OF SUCH BOATS, INCLUDING THE PROVISION OF LEARNING OPPORTUNITIES INVOLVED WITH THE RESTRORATION AND CONSTRUCTION OF CLASSIC WOODEN BOATS AND OTHER HISTORICALLY SIGNIFICANT BOATS. PROMOTE AND PRESEVE THE CLASSICAL NAUTICAL SKILLS AND THE MARITIME HISTORY OF THE EASTERN SEABOARD OF THE UNITED STATES.

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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 $4,938,186
Program Service Revenue $0
Investment Income $3,238
Other Revenue $0
TOTAL REVENUE $4,941,424

Expense Breakdown

Grants Paid $0
Salaries & Benefits $487,822
Fundraising Expenses $0
Program Expenses $1,464,925
Other Expenses $1,143,623
TOTAL EXPENSES $1,631,445

Year-over-Year Comparison

2023 2022 Change
Revenue $4,941,424 $4,290,666 +0.2%
Expenses $1,631,445 $104,119 +14.7%
Net Income $3,309,979 $4,186,547 -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
5
Independent Members
5
Employees
13
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER JUDGE TRUSTEE 5.00
Director
$0 $0 $0
AMY LEWIS TREASURER AN 10.00
Officer Director
$0 $0 $0
CARLA PANETTA TRUSTEE 5.00
Director
$0 $0 $0
DIANE SCHOTTENSTEIN SECRETARY AN 10.00
Officer Director
$0 $0 $0
JEFFREY TRUELOVE PRESIDENT AN 10.00
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 $4,941,424 $1,631,445 $7,886,750 $3,309,979
2022 $4,290,666 $104,119 $4,342,106 $4,186,547
2021 $142,921 $900 $142,021 $142,021
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