MASTERS MATES & PILOTS VACATION FUND

EIN: 135638830

LINTHICUM HEIGHTS, MD

Total Revenue
$41,429,517
Total Expenses
$40,290,678
Total Assets
$13,023,758
Net Assets
$12,321,573
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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
1955
Legal Domicile
MD
Principal Officer
DONALD MARCUS
Phone
4108508500
Tax Period
2023-01-01 to 2023-12-31

MASTERS MATES & PILOTS VACATION FUND, founded in 1955, is a mid-sized nonprofit that reported $41.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE VACATION BENEFITS FOR ELIGIBLE MEMBERS EMPLOYED UNDER THE TERMS OF COLLECTIVE BARGAINING AGREEMENTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $41,165,681
Investment Income $263,836
Other Revenue $0
TOTAL REVENUE $41,429,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $540,087
Fundraising Expenses $0
Other Expenses $716,390
TOTAL EXPENSES $40,290,678

Year-over-Year Comparison

2023 2022 Change
Revenue $41,429,517 $37,512,218 +0.1%
Expenses $40,290,678 $37,677,801 +0.1%
Net Income $1,138,839 $-165,583 -7.9%
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

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Governance

Voting Members
14
Independent Members
9
Employees
861
Volunteers
9

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
4
$798,148
Total Directors
14
$1,361,967
Key Employees
3
$665,526
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAPT DONALD MARCUS TRUSTEE, CHAIRMAN 1.00
Officer Director
$0 $60,117 $289,709
MR EDWARD R MORGAN TRUSTEE, SECRETARY, TREASU 1.00
Officer Director
$0 $0 $0
CAPT JOHN W SULLIVAN TRUSTEE 0.50
Director
$0 $0 $0
MR DANIEL DRISCOLL TRUSTEE 0.50
Director
$0 $0 $0
MR J LARS TURNER TRUSTEE 0.50
Director
$0 $50,078 $237,021
MR DONALD JOSBERGER TRUSTEE 0.50
Director
$0 $59,776 $318,447
MR DAVID SCOTT PUTTY TRUSTEE 0.50
Director
$0 $0 $0
MR EDWARD HANLEY TRUSTEE 0.50
Director
$0 $0 $0
MR EDWARD WASHBURN TRUSTEE 0.50
Director
$0 $0 $0
MR THOMAS LARKIN TRUSTEE 0.50
Director
$0 $49,248 $253,474
MR LAWRENCE T LYONS TRUSTEE 0.50
Director
$0 $0 $0
MR BORIANA FARRAR TRUSTEE 0.50
Director
$0 $0 $0
MR JEREMY HOPE TRUSTEE 0.50
Director
$0 $52,090 $263,316
MR MICHAEL LABONTE TRUSTEE 0.50
Director
$0 $0 $0
MR PATRICK MCCULLOUGH ADMINISTRATOR 5.50
Officer
$29,076 $57,859 $295,406
MS PAULA PHILLIPS CONTROLLER 5.50
Officer
$20,177 $48,186 $213,033
MS ANN MARIE MCCULLOUGH DIRECTOR-HEATLH BENEFITS 5.50
Key Emp
$20,140 $56,974 $221,515
MR KEN RYAN DEPUTY DIRECTOR 5.50
Key Emp
$25,039 $56,561 $261,126
MR MICHAEL MCCULLOUGH LEAD OPERATIONS CLERK 5.50
Key Emp
$18,768 $29,553 $182,885
MR JOSEPH GIUSTO PROGRAMMER/ANALYST 5.50
Highest
$16,894 $30,980 $169,006
MR DAVID ROMANO DIRECTOR-PENSION, IRAP AND 5.50
Highest
$13,285 $45,094 $153,629
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 $41,429,517 $40,290,678 $13,023,758 $1,138,839
2022 $37,512,218 $37,677,801 $11,694,690 $-165,583
2021 $36,095,022 $35,280,955 $11,683,449 $814,067
2020 $33,874,867 $32,426,733 $11,185,532 $1,448,134
2019 $33,686,342 $33,094,846 $9,424,371 $591,496
2018 $32,234,616 $32,544,393 $9,053,668 $-309,777
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