American Maritime Safety Inc (EIN 133522279) - 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

1989

Legal Domicile

Principal Officer

Lee R A Seham Esq

Phone

9149972916

Tax Period

2024-11-01 to 2025-10-31

American Maritime Safety Inc, founded in 1989, is a small nonprofit that reported $788K in total revenue in fiscal year 2024.

Mission

Foster, Promote and encourage safety in the American-Flag Maritime trade and all its segments and promote the best interests of American-Flag Maritime Companies by facilitating compliance with regulations.

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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 $768,982

Investment Income $19,118

Other Revenue $0

TOTAL REVENUE $788,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,282

Fundraising Expenses $0

Other Expenses $625,527

TOTAL EXPENSES $817,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$788,100	$794,903	0.0%
Expenses	$817,809	$781,130	+0.0%
Net Income	$-29,709	$13,773	-3.2%

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

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

$17,044

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joann Meltz	Secretary	1.00	Director	$14,044	$0	$14,044
Kristen E Matthews	Director	1.00	Director	$1,000	$0	$1,000
Julio Velazquez	Director	1.00	Director	$1,000	$0	$1,000
Emmanuel Merced	Director	1.00	Director	$1,000	$0	$1,000
Lee R A Seham Esq	President	20.00	Officer Director	$0	$0	$0
Lucas K Middlebrook Esq	Vice President	20.00	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
2025	$788,100	$817,809	$593,542	$-29,709
2024	$794,903	$781,130	$625,495	$13,773
2023	$811,997	$777,751	$598,200	$34,246
2022	$774,599	$784,538	$538,126	$-9,939
2021	$760,979	$834,137	$574,505	$-73,158
2020	$791,933	$872,202	$654,263	$-80,269

American Maritime Safety Inc