MARINE TRADES ASSOCIATION INC (EIN 112793444) - 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

1928

Legal Domicile

Principal Officer

JEFF KALIBAT

Phone

6316917050

Tax Period

2023-01-01 to 2023-12-31

MARINE TRADES ASSOCIATION INC, founded in 1928, is a small nonprofit that reported $751K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 19% operating margin.

Mission

To promote the general welfare of the marine trade industry and to advance the safe and proper use of boats, marine accessories, and facilities through any and all means consistent with the public interest and welafare, without deriving benefit for itself or any other member.

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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 $11,235

Program Service Revenue $739,777

Investment Income $27

Other Revenue $0

TOTAL REVENUE $751,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,588

Fundraising Expenses $0

Other Expenses $455,874

TOTAL EXPENSES $606,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$751,039	$591,569	+0.3%
Expenses	$606,462	$562,421	+0.1%
Net Income	$144,577	$29,148	+4.0%

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

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
Vincent Mazzone	Manager	35.00		$135,000	$0	$135,000
CHRIS MCGUIRK	Director	5.00	Director	$0	$0	$0
DAVE BOFILL	Director	5.00	Director	$0	$0	$0
JEFF KALIBAT	President	8.00	Officer Director	$0	$0	$0
Jason Sirel	Director	5.00	Director	$0	$0	$0
Ross Krawczyk	Treasurer	8.00	Officer Director	$0	$0	$0
Keith Wachter	DIRECTOR	5.00	Director	$0	$0	$0
Dave Kazmark	Director	5.00	Director	$0	$0	$0
Craig Kelly	Director	5.00	Director	$0	$0	$0
Joe DeVita	Vice President	8.00	Officer Director	$0	$0	$0
Pete Eriksen	Director	5.00	Director	$0	$0	$0
Angelo Costanza	Director	5.00	Director	$0	$0	$0
Ron Rugolo	Director	5.00	Director	$0	$0	$0
Scott Shane	Director	0.00	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	$751,039	$606,462	$361,013	$144,577
2022	$591,569	$562,421	$216,436	$29,148
2020	$316,559	$433,622	$304,245	$-117,063

MARINE TRADES ASSOCIATION INC