FOSS WATERWAY SEAPORT (EIN 911741794) - 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

1996

Legal Domicile

Principal Officer

BRENT MASON

Phone

2532722750

Tax Period

2024-01-01 to 2024-12-31

FOSS WATERWAY SEAPORT, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $4.0M exceeded revenue, resulting in a 166% operating deficit.

Mission

OPERATING A COMMUNITY MARITIME HERITAGE, EDUCATION AND RECREATIONAL CENTER.

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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 $962,926

Program Service Revenue $509,867

Investment Income $12,652

Other Revenue $5,027

TOTAL REVENUE $1,490,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $982,901

Fundraising Expenses $93,862

Program Expenses $3,371,580

Other Expenses $2,979,766

TOTAL EXPENSES $3,962,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,490,472	$1,692,966	-0.1%
Expenses	$3,962,667	$1,445,021	+1.7%
Net Income	$-2,472,195	$247,945	-11.0%

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

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

$127,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX RITSEMA	BOARD MEMBER	1.00	Director	$0	$0	$0
ALISA PRASKOVICH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA H REAY	BOARD MEMBER	1.00	Director	$0	$0	$0
BUD BRONSON	BOARD MEMBER	4.00	Director	$0	$0	$0
CARLA SANTORNO	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE BRANDT	BOARD MEMBER	1.00	Director	$0	$0	$0
DUNCAN LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
HAYDEN TAYLOR	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HATCHER	OMBUDSMAN	2.00	Director	$0	$0	$0
KARINA MARTIJA-HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LUKE CURTIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAT LEWIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICK ORRINO	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD SCHMIDTKE	TREASURER	1.00	Officer Director	$0	$0	$0
RODNEY RHYMES	BOARD MEMBER	1.00	Director	$0	$0	$0
TAL EDMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
J BRENT MASON	EXECUTIVE DIRECTOR	40.00	Officer	$116,392	$11,294	$127,686

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	$1,490,472	$3,962,667	$1,105,628	$-2,472,195
2023	$1,692,966	$1,445,021	$3,559,919	$247,945
2022	$1,341,732	$1,164,894	$3,015,253	$176,838
2021	$1,362,741	$1,001,103	$3,002,833	$361,638
2020	$603,650	$818,607	$2,602,848	$-214,957
2019	$1,380,721	$5,550,831	$3,110,641	$-4,170,110
2018	$840,959	$1,064,678	$6,746,551	$-223,719
2018	$896,393	$1,064,151	$6,763,969	$-167,758

FOSS WATERWAY SEAPORT