SITKA MARITIME HERITAGE SOCIETY INC (EIN 920169964) - 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

Legal Domicile

Principal Officer

MIKE LITMAN

Phone

9077478801

Tax Period

2022-01-01 to 2022-12-31

SITKA MARITIME HERITAGE SOCIETY INC is a micro nonprofit in the Arts, Culture & Humanities sector that reported $21K in total revenue in fiscal year 2022. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $26K exceeded revenue, resulting in a 24% operating deficit.

Mission

HISTORIC PRESERVATION OF NATIONAL HISTORIC LANDMARK BUILDING

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,523

Program Service Revenue $0

Investment Income $98

Other Revenue $2,684

TOTAL REVENUE $21,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,469

Other Expenses $26,469

TOTAL EXPENSES $26,469

Year-over-Year Comparison

	2022	2021	Change
Revenue	$21,305	$47,280	-0.5%
Expenses	$26,469	$16,696	+0.6%
Net Income	$-5,164	$30,584	-1.2%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE LITMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOE D'ARIENZO	TREASURER	N/A	Officer Director	$0	$0	$0
BRUCE GAZAWAY	SECRETARY	N/A	Officer Director	$0	$0	$0
STAN BARGE	MEMBER	N/A	Director	$0	$0	$0
REBECCA POULSON	MEMBER	N/A	Director	$0	$0	$0
DAVE TURCOTT	MEMBER	N/A	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
2022	$21,305	$26,469	$301,876	$-5,164
2021	$47,280	$16,696	$322,469	$30,584
2020	$36,911	$40,693	$276,670	$-3,782
2019	$71,911	$62,672	$280,849	$9,239
2018	$51,569	$41,227	$271,707	$10,342

SITKA MARITIME HERITAGE SOCIETY INC