MM&P MARITIME ADVANCEMENT TRAINING EDUCATION & SAFETY PROGRAM (EIN 132577386) - 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

1967

Legal Domicile

Principal Officer

DONALD MARCUS

Phone

4108595700

Tax Period

2023-01-01 to 2023-12-31

MM&P MARITIME ADVANCEMENT TRAINING EDUCATION & SAFETY PROGRAM, founded in 1967, is a community nonprofit in the Employment sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

CONTINUED EDUCATION AND CERTIFICATION OF THE INTERNATIONAL ORGANIZATION OF MASTERS, MATES, AND PILOTS MEMBERS, INDEPENDENT MARITIME MEMBERS, PILOT GROUPS, AND OTHER SHIPPING COMPANY EMPLOYEES WHO ARE MARITIME MEMBERS.

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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 $0

Program Service Revenue $3,372,644

Investment Income $0

Other Revenue $741,135

TOTAL REVENUE $4,113,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,144,466

Fundraising Expenses $0

Program Expenses $2,032,728

Other Expenses $1,531,746

TOTAL EXPENSES $4,676,212

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,113,779	$2,952,967	+0.4%
Expenses	$4,676,212	$3,061,604	+0.5%
Net Income	$-562,433	$-108,637	+4.2%

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

159

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

$995,347

Total Directors

$1,098,651

Key Employees

$878,559

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DONALD JOSBERGER	TRUSTEE	0.50	Director	$0	$59,776	$318,447
CAPT DONALD MARCUS	TRUSTEE, CHAIRMAN	1.00	Officer Director	$0	$60,117	$289,709
MR EDWARD MORGAN	TRUSTEE, SECRETARY, TREASU	1.00	Officer Director	$0	$0	$0
CAPT JOHN SULLIVAN	TRUSTEE	0.50	Director	$0	$0	$0
MR THOMAS LARKIN	TRUSTEE	0.50	Director	$0	$49,248	$253,474
MR ED HANLEY	TRUSTEE	0.50	Director	$0	$0	$0
MR DAVID SCOTT PUTTY	TRUSTEE	0.50	Director	$0	$0	$0
MR LARS TURNER	TRUSTEE	0.50	Director	$0	$50,078	$237,021
MR DANIEL DRISCOLL	TRUSTEE	0.50	Director	$0	$0	$0
MR EDWARD WASHBURN	TRUSTEE	0.50	Director	$0	$0	$0
MR LAWRENCE LYONS	TRUSTEE	0.50	Director	$0	$0	$0
MR BORIANA FARRAR	TRUSTEE	0.50	Director	$0	$0	$0
MR MICHAEL LABONTE	TRUSTEE	0.50	Director	$0	$0	$0
MR PATRICK MCCULLOUGH	ADMINISTRATOR	0.50	Officer	$2,280	$57,859	$295,406
MS ELIZABETH SEMONAVICK	CONTROLLER	40.00	Officer	$157,356	$27,648	$185,004
MR ERIC FRIEND	EXECUTIVE DIRECTOR	40.00	Officer	$170,000	$55,228	$225,228
MS PAULA PHILLIPS	CONTROLLER - BENEFIT PLANS	0.50	Key Emp	$1,583	$48,186	$213,033
MS ANN MARIE MCCULLOUGH	MEDICAL BENEFIT MANAGER	0.50	Key Emp	$1,580	$56,974	$221,515
MR KEN RYAN	TRUST DEPT. MANAGER	0.50	Key Emp	$1,964	$56,561	$261,126
MR MICHAEL MCCULLOUGH	EMPLOYEE	40.00	Key Emp	$1,472	$29,553	$182,885
MR JOSEPH GIUSTO	EMPLOYEE	0.50	Highest	$1,325	$30,980	$169,006
MR JAMES CLEMENTS	EMPLOYEE	40.00	Highest	$131,753	$28,713	$160,466
MR MICHAEL CONWAY	EMPLOYEE	40.00	Highest	$132,592	$27,927	$160,519
MR ROBERT KIMBALL	EMPLOYEE	40.00	Highest	$123,929	$0	$123,929
MR MARK G HEWARD	EMPLOYEE	40.00	Highest	$122,084	$19,324	$141,408

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	$4,113,779	$4,676,212	$13,272,454	$-562,433
2022	$2,952,967	$3,061,604	$12,197,535	$-108,637
2021	$4,959,385	$7,954,236	$12,191,670	$-2,994,851
2020	$4,995,026	$9,140,773	$13,712,265	$-4,145,747
2019	$9,739,803	$11,325,498	$18,610,746	$-1,585,695
2018	$11,287,501	$11,188,033	$16,036,213	$99,468

MM&P MARITIME ADVANCEMENT TRAINING EDUCATION & SAFETY PROGRAM