INTERNATIONAL PARCEL TANKERS ASSOC INC C/O BLT CHEMBULK THE DELAMAR

EIN: 061246250

SOUTHPORT, CT

Total Revenue
$228,875
Total Expenses
$273,154
Total Assets
$143,677
Net Assets
$-149,421
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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
1989
Legal Domicile
CT
Principal Officer
MARLENE BOYER
Phone
2036821728
Tax Period
2018-01-01 to 2018-12-31

INTERNATIONAL PARCEL TANKERS ASSOC INC C/O BLT CHEMBULK THE DELAMAR, founded in 1989, is a small nonprofit that reported $229K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. Expenses of $273K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROMOTE BULK LIQUIDS FOR CARGO INDUSTRY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $228,875
Investment Income $0
Other Revenue $0
TOTAL REVENUE $228,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $228,971
Fundraising Expenses $0
Other Expenses $44,183
TOTAL EXPENSES $273,154

Year-over-Year Comparison

2018 2017 Change
Revenue $228,875 $258,929 -0.1%
Expenses $273,154 $256,939 +0.1%
Net Income $-44,279 $1,990 -23.3%
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

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Governance

Voting Members
2
Independent Members
N/A
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARLENE BOYER TREASURER 2.00
Director
$0 $0 $0
IAN FINLEY SECRETARY 40.00
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
2018 $228,875 $273,154 $143,677 $-44,279
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