ARQUES MARITIME PRESERVATION FOUNDATION (EIN 943097708) - 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

1995

Legal Domicile

Principal Officer

ROBERT DARR

Phone

4153317134

Tax Period

2023-01-01 to 2023-12-31

ARQUES MARITIME PRESERVATION FOUNDATION, founded in 1995, is a small nonprofit that reported $185K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $386K exceeded revenue, resulting in a 109% operating deficit.

Mission

TO PRESERVE TRADITIONAL WOODEN BOAT BUILDING SKILLS, DESIGN, NAVIGATION AND BOAT REPLICATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,000

Program Service Revenue $5,750

Investment Income $127,047

Other Revenue $49,785

TOTAL REVENUE $184,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,973

Fundraising Expenses $0

Program Expenses $248,451

Other Expenses $325,194

TOTAL EXPENSES $386,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,582	$141,312	+0.3%
Expenses	$386,167	$203,092	+0.9%
Net Income	$-201,585	$-61,780	+2.3%

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

$35,460

Total Directors

$35,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG SABOURIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LARAE PEARSON	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK NELSON	FINANCIAL OFFICER	2.00	Officer Director	$0	$0	$0
ROBERT DARR	EXECUTIVE DIRECTOR	28.00	Officer Director	$34,560	$900	$35,460
RAYMOND CAGE	BOARD MEMBER	4.00	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	$184,582	$386,167	$4,896,013	$-201,585
2022	$141,312	$203,092	$4,580,990	$-61,780
2021	$182,992	$381,892	$5,653,104	$-198,900
2020	$134,770	$433,280	$5,634,065	$-298,510
2019	$154,282	$395,272	$5,816,625	$-240,990
2018	$156,250	$343,749	$5,340,507	$-187,499

ARQUES MARITIME PRESERVATION FOUNDATION