Island Marina Association (EIN 020417490) - 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

1990

Legal Domicile

Principal Officer

Marc Gibson

Phone

6039984085

Tax Period

2024-01-01 to 2024-12-31

Island Marina Association, founded in 1990, is a small nonprofit that reported $223K in total revenue in fiscal year 2024. The organization ran a surplus of $78K, a strong 35% operating margin.

Mission

Preservation of mainland docking facilities for Island residents.

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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 $0

Program Service Revenue $222,793

Investment Income $9

Other Revenue $0

TOTAL REVENUE $222,802

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $144,479

TOTAL EXPENSES $144,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,802	$218,251	+0.0%
Expenses	$144,579	$155,202	-0.1%
Net Income	$78,223	$63,049	+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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Len Brochu	Director	1.00	Director	$0	$0	$0
Ted Carl end 82024	Director	1.00	Director	$0	$0	$0
Bob Levasseur	Director	1.00	Director	$0	$0	$0
Nadine Martin	Director	1.00	Director	$0	$0	$0
Mark Ponikvar	Director	1.00	Director	$0	$0	$0
Fred Zimmermann	Director	1.00	Director	$0	$0	$0
Marc Gibson	President	1.00	Officer Director	$0	$0	$0
Jayne Brown	Treasurer	1.00	Officer Director	$0	$0	$0
Paul Gibson	Secretary	1.00	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	$222,802	$144,579	$371,557	$78,223
2023	$218,251	$155,202	$293,334	$63,049

Island Marina Association