METROPOLITAN MARINE MAINTENANCE CONTRACTORS' ASSOCIATION INC (EIN 135637312) - 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

1947

Legal Domicile

Principal Officer

JOSEPH A RAGUSA

Phone

2018420202

Tax Period

2024-01-01 to 2024-12-31

METROPOLITAN MARINE MAINTENANCE CONTRACTORS' ASSOCIATION INC, founded in 1947, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 12% surplus.

Mission

THE MAIN FUNCTION OF THE ASSOCIATION IS TO ACT AS THE COLLECTIVE BARGAINING AGENT FOR ITS MEMBER COMPANIES RELATED TO THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION AND ITS AFFILIATED UNIONS ON BEHALF OF ITS MEMBER COMPANIES THE ASSOCIATION NEGOTIATES COLLECTIVE AGREEMENTS WITH THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION

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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 $53,618

Program Service Revenue $3,458,423

Investment Income $654,628

Other Revenue $0

TOTAL REVENUE $4,166,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,439,902

Fundraising Expenses $0

Other Expenses $2,216,271

TOTAL EXPENSES $3,656,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,166,669	$3,095,477	+0.3%
Expenses	$3,656,173	$3,176,779	+0.2%
Net Income	$510,496	$-81,302	-7.3%

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

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

$807,201

Total Directors

Key Employees

$422,627

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE FENIMORE	DIRECTOR	0.30	Director	$0	$0	$0
CHRIS GARBARINO	DIRECTOR	0.30	Director	$0	$0	$0
GARY CROSS	DIRECTOR	0.30	Director	$0	$0	$0
JOHN ATKINS	DIRECTOR	0.30	Director	$0	$0	$0
JOSEPH PEREZ	DIRECTOR	0.30	Director	$0	$0	$0
THOMAS DELANEY	DIRECTOR	0.30	Director	$0	$0	$0
ANDREW CROSS	EXECUTIVE SECRETARY	35.00	Officer	$120,338	$30,321	$150,659
JOSEPH A RAGUSA	PRESIDENT	35.00	Officer	$556,645	$99,897	$656,542
PETER BARB	VICE PRESIDENT OF LABOR	35.00	Key Emp	$327,797	$94,830	$422,627
GEORGE BUENO	CONTROLLER	35.00	Highest	$121,409	$22,008	$143,417

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	$4,166,669	$3,656,173	$16,336,099	$510,496
2023	$3,095,477	$3,176,779	$15,931,448	$-81,302
2022	$3,500,665	$3,215,316	$15,930,276	$285,349
2021	$3,346,080	$2,439,287	$14,907,336	$906,793
2020	$3,149,918	$2,235,202	$14,030,574	$914,716
2019	$3,106,626	$2,676,190	$13,128,388	$430,436
2018	$3,124,911	$2,330,385	$12,706,606	$794,526

METROPOLITAN MARINE MAINTENANCE CONTRACTORS' ASSOCIATION INC