SOCIETY OF MARINE PORT ENGINEERS (EIN 136114438) - 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

1978

Legal Domicile

Principal Officer

RICHARD NORRIS

Phone

7323892009

Tax Period

2021-01-01 to 2021-12-31

SOCIETY OF MARINE PORT ENGINEERS, founded in 1978, is a micro nonprofit that reported $24K in total revenue in fiscal year 2021. Revenue decreased 6% compared to the prior year. Expenses of $23K left a modest 6% surplus.

Mission

TO PROVIDE LOANS AND SCHOLARSHIPS FOR ENGINEERING STUDENTS

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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 (2021)

Revenue Breakdown

Contributions & Grants $27,290

Program Service Revenue $0

Investment Income $5,987

Other Revenue $-8,838

TOTAL REVENUE $24,439

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $1,188

Other Expenses $20,515

TOTAL EXPENSES $23,015

Year-over-Year Comparison

	2021	2020	Change
Revenue	$24,439	$26,110	-0.1%
Expenses	$23,015	$28,347	-0.2%
Net Income	$1,424	$-2,237	-1.6%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD NORRIS	PRESIDENT	020.00	Officer Director Key Emp	$0	$0	$0
PAUL HORMANN	TREASURER	020.00	Officer Director Key Emp	$0	$0	$0
WAYNE LIPINSKI	VP	020.00	Officer Director Key Emp	$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
2021	$24,439	$23,015	$503,397	$1,424
2020	$26,110	$28,347	$501,973	$-2,237
2019	$15,151	$27,604	$504,210	$-12,453
2018	$28,313	$45,262	$641,676	$-16,949

SOCIETY OF MARINE PORT ENGINEERS