MARINE SCIENCE AND NAUTICAL TRAINING ACADEMY (EIN 205500770) - 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

2007

Legal Domicile

Principal Officer

RUSSELL D DAY

Phone

8438177791

Tax Period

2022-01-01 to 2022-12-31

MARINE SCIENCE AND NAUTICAL TRAINING ACADEMY, founded in 2007, is a small nonprofit in the Education sector that reported $224K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $435K exceeded revenue, resulting in a 94% operating deficit.

Mission

TO PROVIDE HIGH SCHOOL AND COLLEGE STUDENTS A UNIQUE OPPORTUNITY TO LEARN ABOUT THE MARINE ENVIROMENT AND TO PARTICIPATE IN MARINE SCIENCE RESEARCH AND CONSERVATION PROJECTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,397

Program Service Revenue $223,066

Investment Income $0

Other Revenue $0

TOTAL REVENUE $224,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,631

Fundraising Expenses $0

Program Expenses $311,758

Other Expenses $429,712

TOTAL EXPENSES $435,343

Year-over-Year Comparison

	2022	2021	Change
Revenue	$224,463	$350,110	-0.4%
Expenses	$435,343	$447,945	0.0%
Net Income	$-210,880	$-97,835	+1.2%

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

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL D DAY	PRESIDENT	040.00	Officer Director	$80,000	$0	$80,000
MATTHEW WEST	DIRECTOR	002.00	Officer Director	$0	$0	$0
MERRY PIPER HARDIN	DIRECTOR	002.00	Officer Director	$0	$0	$0
JENNIFER FOWLER	DIRECTOR	002.00	Officer 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	No data	No data	No data	No data
2022	$224,463	$435,343	$1,261,660	$-210,880
2021	$350,110	$447,945	$1,003,240	$-97,835
2020	$258,746	$416,157	$1,105,655	$-157,411
2019	$186,852	$506,262	$1,260,276	$-319,410
2018	$1,819,464	$333,758	$1,587,350	$1,485,706

MARINE SCIENCE AND NAUTICAL TRAINING ACADEMY