OCEAN CARRIER EQUIPMENT MANAGEMENT… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

JEFFREY LAWRENCE

Phone

2029124847

Tax Period

2024-01-01 to 2024-12-31

OCEAN CARRIER EQUIPMENT MANAGEMENT ASSOCIATION INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $660K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $594K left a modest 10% surplus.

Mission

TO PROMOTE AND IMPROVE OPERATIONAL, SAFETY, LEGISLATIVE, AND REGULATORY CONDITIONS RELATING TO INTERMODAL TRANSPORTATION AND THE INTERMODAL EQUIPMENT UTILIZED BY OCEAN COMMON CARRIERS SERVING THE FOREIGN COMMERCE OF THE UNITED STATES.

Program Service Accomplishments

Program 1

WORKED ON BEHALF OF THE INTERMODAL TRANSPORTATION INDUSTRY ON ISSUES RELATING TO THE OPERATION OF INTERMODAL EQUIPMENT.

Program 2

WORKED TO PROMOTE COMMON CARGO HANDLING PRACTICES AND RELATED DISPUTE RESOLUTION PROCESSES.

Program 3

FACILITATED THE DEVELOPMENT OF EQUIPMENT POOLS AT PORT AND RAIL TERMINALS IN THE U.S. AIMED AT RELIEVING CONGESTION, DEVELOPING MAINTENANCE AND REPAIR STANDARDS, AND IMPROVING EFFICIENCY AND SAFETY...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $652,000

Investment Income $8,257

Other Revenue $0

TOTAL REVENUE $660,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $593,905

TOTAL EXPENSES $593,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$660,257	$719,321	-0.1%
Expenses	$593,905	$592,179	+0.0%
Net Income	$66,352	$127,142	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
ROBERT MILAZZO	CHAIRMAN/PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS WEISBERG	CO-VICE CHAIRMAN	2.00	Director	$0	$0	$0
JIM MICHALSKI	CO-VICE CHAIRMAN	2.00	Director	$0	$0	$0
PAUL NAZZARO	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS ENGEL	DIRECTOR	2.00	Director	$0	$0	$0
DJORDJE TUBIC	DIRECTOR	2.00	Director	$0	$0	$0
DAVE DALY	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE RUNYON	DIRECTOR	2.00	Director	$0	$0	$0
JS CHOI	DIRECTOR	2.00	Director	$0	$0	$0
TENNY HSIEH	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY LAWRENCE	SECRETARY AND EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$0
STACEY NORMINGTON	ASSISTANT SECRETARY	6.00	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
2024	$660,257	$593,905	$683,889	$66,352
2023	$719,321	$592,179	$617,537	$127,142
2022	$620,638	$654,046	$490,395	$-33,408
2021	$496,272	$396,052	$523,803	$100,220
2020	$413,810	$455,558	$423,583	$-41,748
2019	$538,009	$604,052	$465,331	$-66,043
2018	$767,845	$486,617	$531,374	$281,228

OCEAN CARRIER EQUIPMENT MANAGEMENT ASSOCIATION INC