MAINLAND MARINERS INC

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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

2004

Legal Domicile

Principal Officer

Michael Goloff

Phone

6093506958

Tax Period

2018-09-01 to 2019-08-31

MAINLAND MARINERS INC, founded in 2004, is a micro nonprofit that reported $57K in total revenue in fiscal year 2018. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $80K exceeded revenue, resulting in a 41% operating deficit.

Mission

ENABLE YOUTH TO ENHANCE THEIR SWIMMING SKILLS AND ACHIEVE GOALS IN THEIR LIVES WHILE ENHANCING PERSONAL PRIDE AND SELF ESTEEM.

Program Service Accomplishments

Program 1

Expenses: $74,293 Revenue: $56,861

COACHES AND VOLUNTEERS WILL TEACH CHILDREN SWIMMING SKILLS, PROMOTE EXCELLENCE, AND GUIDE THEIR PHYSICAL AND CHARACHTER DEVELOPMENT, INCLUDING: SETTING THEIR OWN GOALS AT VARIOUS LEVELS, DEVELOPING A PERSONAL PLAN TO ACHIEVE THEIR GOALS, LEARNING SELF-DISCIPLINE THROUGH WORKING AND TRAINING ACCORDING TO THEIR PLAN, EVALUATING AND RESETTING THEIR GOALS, LEARNING FROM DISAPPOINTMENTS, DEVELOPING SOCIALIZATION SKILLS, LEARNING THE VALUE OF COMMITMENT AND DEVELOPING SELF-ESTEEM.

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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 (2018)

Revenue Breakdown

Contributions & Grants $56,861

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $56,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,836

Fundraising Expenses $1,979

Program Expenses $74,293

Other Expenses $36,453

TOTAL EXPENSES $80,289

Year-over-Year Comparison

	2018	2017	Change
Revenue	$56,862	$92,362	-0.4%
Expenses	$80,289	$88,669	-0.1%
Net Income	$-23,427	$3,693	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN RICHMOND	PRESIDENT	15.00	Officer	$0	$0	$0
JON STINSON	VICE-PRESIDENT	15.00	Officer	$0	$0	$0
MICHAEL GOLOFF	TREASURER	4.00	Officer	$0	$0	$0
MELINDA BATISTELLI	SECRETARY	15.00	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
2019	$56,862	$80,289	$1,998	$-23,427