NATIONAL ASSOCIATION OF MARINE SUR… - Form 990 Financial Data

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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

1961

Legal Domicile

Principal Officer

GEORGE BECK

Phone

2814806267

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF MARINE SURVEYORS INC, founded in 1961, is a small nonprofit that reported $267K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $245K left a modest 8% surplus.

Mission

THE NATIONAL ASSOCIATION OF MARINE SURVEYORS (NAMS GLOBAL) SERVES THE MARINE SURVEY PROFESSION BY PROVIDING THE MARITIME INDUSTRY WITH RECOGNITION AND HIGHLY QUALIFIED MARINE SURVEYORS IN THREE GENERAL SURVEYING DISCIPLINES: HULL AND MACHINERY, YACHTS AND SMALL CRAFT, AND CARGO.

Program Service Accomplishments

Program 1

THE NATIONAL ASSOCIATION OF MARINE SURVEYORS (NAMS GLOBAL) MAINTAINS CERTIFICATIONS FOR CERTIFIED MARINE SURVEYORS, PROVIDES COMMUNICATION BETWEEN MEMBERS VIA A NEWSLETTER, AND OFFERS REGIONAL...

THE NATIONAL ASSOCIATION OF MARINE SURVEYORS (NAMS GLOBAL) MAINTAINS CERTIFICATIONS FOR CERTIFIED MARINE SURVEYORS, PROVIDES COMMUNICATION BETWEEN MEMBERS VIA A NEWSLETTER, AND OFFERS REGIONAL MEETINGS AND CONFERENCES REGARDING THE LATEST APPROVED AND RECOMMENDED PRACTICES IN MARINE SURVEYING. AN APPRENTICE PROGRAM IS MAINTAINED AND CONTINUING EDUCATION IS ALSO PROVIDED FOR MEMBERS.

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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 $266,457

Investment Income $427

Other Revenue $0

TOTAL REVENUE $266,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,959

Fundraising Expenses $0

Other Expenses $176,767

TOTAL EXPENSES $244,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,884	$299,853	-0.1%
Expenses	$244,726	$276,552	-0.1%
Net Income	$22,158	$23,301	0.0%

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

$62,717

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT PAINE	DIRECTOR	2.00	Director	$0	$0	$0
LLOYD GRIFFIN III	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MONAHAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WIGGINS	DIRECTOR	2.00	Director	$0	$0	$0
WARD GRAESSLE	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL BOLTZ	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH DERIE	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM DUVAL	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN P WEISS	DIRECTOR	2.00	Director	$0	$0	$0
DANA COLLYER	DIRECTOR	2.00	Director	$0	$0	$0
DEREK RHYMES	DIRECTOR	2.00	Director	$0	$0	$0
JAMES NEVILLE	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES HAZOURI	DIRECTOR	2.00	Director	$0	$0	$0
JAMES THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
JASON BRUECK	DIRECTOR	2.00	Director	$0	$0	$0
TREVOR SALMON	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD FRENZEL	DIRECTOR	2.00	Director	$0	$0	$0
RICK MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BARTON	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID PEREIRA	IMMEDIATE PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN BAIRD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GEORGE PEREIRA	SECRETARY	5.00	Officer Director	$0	$0	$0
GEORGE BECK	TREASURER	5.00	Officer Director	$0	$0	$0
JENNIFER L YOVAN	EXECUTIVE DIRECTOR	40.00	Officer	$62,717	$0	$62,717

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	$266,884	$244,726	$620,464	$22,158
2022	$299,853	$276,552	$603,312	$23,301
2021	$255,277	$188,441	$574,857	$66,836
2020	$220,534	$185,404	$508,021	$35,130

NATIONAL ASSOCIATION OF MARINE SURVEYORS INC