FORT SCHUYLER MARITIME ALUMNI ASSOCIATION INC (EIN 201596237) - 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

2004

Legal Domicile

Principal Officer

SAM REILLY

Phone

7183198801

Tax Period

2024-01-01 to 2024-12-31

FORT SCHUYLER MARITIME ALUMNI ASSOCIATION INC, founded in 2004, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $502K, a strong 35% operating margin.

Mission

TO PROMOTE NAUTICAL EDUCATION AND TRAINING FOSTERING THE INTERESTS OF THE MARITIME COLLEGE OF NEW YORK AND THE ACADEMIC AND PROFESSIONAL DEVELOPMENT OF SUNY MARITIME COLLEGE ALUMNI, FACULTY AND 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 (2024)

Revenue Breakdown

Contributions & Grants $857,681

Program Service Revenue $0

Investment Income $570,565

Other Revenue $-715

TOTAL REVENUE $1,427,531

Expense Breakdown

Grants Paid $551,455

Salaries & Benefits $27,098

Fundraising Expenses $50,248

Program Expenses $651,955

Other Expenses $347,323

TOTAL EXPENSES $925,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,427,531	$807,975	+0.8%
Expenses	$925,876	$791,563	+0.2%
Net Income	$501,655	$16,412	+29.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN J CARBERY	PRESIDENT	5.00	Officer Director	$0	$0	$0
GREGORY TUTHILL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LEONARD IMPERIAL	2ND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SAMUAL REILLY	TREASURER	10.00	Officer Director	$0	$0	$0
GEORGE GACSER	ASSISTANT TREASURER	5.00	Officer Director	$0	$0	$0
JUSTIN DELA CRUZ	SECRETARY	5.00	Officer Director	$0	$0	$0
EARL BAIRN	DIRECTOR	1.00	Director	$0	$0	$0
SETH LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
TED MASON	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCENTEGGART	DIRECTOR	1.00	Director	$0	$0	$0
VINOD MELWANI	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MCCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PATURAS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TROTTA	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ALBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN DANKO	PAST PRESIDENT	1.00	Director	$0	$0	$0
JOHN VALVO	PAST PRESIDENT	1.00	Director	$0	$0	$0
JENNIFER BARNES-HAYES	PAST PRESIDENT	1.00	Director	$0	$0	$0
REAR ADMIRAL JOHN OKON	SUNY MARITIME PRESIDENT	5.00	Director	$0	$0	$0
DOUG HASBROUCK	SUNY VP ADVANCEMENT	1.00	Director	$0	$0	$0
TYLER RESZOLY	SECRETARY- PAST	5.00	Director	$0	$0	$0
TIMOTHY IRELAND	ASSISTANT TREASURER- PAST	5.00	Director	$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
2024	$1,427,531	$925,876	$14,156,209	$501,655
2023	$807,975	$791,563	$12,448,417	$16,412
2022	$1,542,160	$807,988	$10,925,618	$734,172
2021	$1,304,901	$879,742	$13,321,172	$425,159
2020	$1,070,283	$370,226	$12,125,999	$700,057
2019	$861,994	$488,250	$10,191,604	$373,744
2018	$667,772	$499,180	$8,155,320	$168,592

FORT SCHUYLER MARITIME ALUMNI ASSOCIATION INC