DREDGING CONTRACTORS OF AMERICA INC (EIN 135265950) - 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

1991

Legal Domicile

Principal Officer

WILLIAM P DOYLE

Phone

2028881118

Tax Period

2023-01-01 to 2023-12-31

DREDGING CONTRACTORS OF AMERICA INC, founded in 1991, is a small nonprofit that reported $394K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $535K exceeded revenue, resulting in a 36% operating deficit.

Mission

IMPROVE THE QUALITY AND RESPONSIVENESS OF DREDGING SERVICE DELIVERY TO THE NATION, ENSURING THAT AMERICAS PORTS, WATERWAYS, WETLANDS AND BEACHES ARE EFFICIENTLY CONSTRUCTED AND MAINTAINED IN AN ENVIRONMENTALLY SUSTAINABLE MANNER USING INNOVATIVE METHODS AND AMERICAN INGENUITY.

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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 $394,323

Investment Income $0

Other Revenue $0

TOTAL REVENUE $394,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,405

Fundraising Expenses $0

Other Expenses $337,105

TOTAL EXPENSES $534,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$394,323	$585,717	-0.3%
Expenses	$534,510	$669,405	-0.2%
Net Income	$-140,187	$-83,688	+0.7%

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

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

$185,355

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM P DOYLE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$137,600	$47,755	$185,355
STEVE TOBIN	DIRECTOR, PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES COTTRELL	DIRECTOR, SENIOR VP	2.00	Officer Director	$0	$0	$0
HARRY STEWART	DIRECTOR, VP	2.00	Officer Director	$0	$0	$0
BRIAN MCGEORGE	DIRECTOR, VP	2.00	Officer Director	$0	$0	$0
FRED PAUP	DIRECTOR, VP	2.00	Officer Director	$0	$0	$0
KELLY ALBERS	DIRECTOR	2.00	Director	$0	$0	$0
AARON HARKE	DIRECTOR	2.00	Director	$0	$0	$0
WALT JELLISON	DIRECTOR	2.00	Director	$0	$0	$0
KIM MCMAHON	DIRECTOR	2.00	Director	$0	$0	$0
ZAC MORRISH	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY RICHMOND	DIRECTOR	2.00	Director	$0	$0	$0
ALAN ECKMAN	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE LUEDTKE	DIRECTOR-PARTIAL YEAR	2.00	Director	$0	$0	$0
JAMES TOWNER	DIRECTOR-PARTIAL YEAR	2.00	Director	$0	$0	$0
ANDREW TIMMIS	DIRECTOR-PARTIAL YEAR	2.00	Director	$0	$0	$0
JOSEPH BAILEY	DIRECTOR-PARTIAL YEAR	2.00	Director	$0	$0	$0
BILL DUTRA	DIRECTOR-PARTIAL YEAR	2.00	Director	$0	$0	$0
ASHLEY KERNS	DIRECTOR-PARTIAL YEAR	2.00	Director	$0	$0	$0
GORDON SHELTON	TREASURER	2.00	Officer	$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	$394,323	$534,510	$76,300	$-140,187
2023	No data	No data	No data	No data
2022	$585,717	$669,405	$216,621	$-83,688
2021	$746,449	$650,833	$300,014	$95,616
2020	$977,965	$893,711	$204,318	$84,254
2019	$1,057,374	$1,008,761	$118,310	$48,613
2018	$868,493	$896,054	$69,697	$-27,561

DREDGING CONTRACTORS OF AMERICA INC