EASTERN NY MARINE TRADE ASSOCIATIO… - 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

1975

Legal Domicile

Principal Officer

SCOTT OLSEN

Phone

5183073415

Tax Period

2023-01-01 to 2023-12-31

EASTERN NY MARINE TRADE ASSOCIATION INC, founded in 1975, is a small nonprofit that reported $454K in total revenue in fiscal year 2023. Revenue surged 57107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 33% operating margin.

Mission

PROMOTION OF MARINE TRADES

Program Service Accomplishments

Program 1

TRADE SHOWS AND SEMINARS HELD IN LOCAL VENUES AND ADVERTISED IN LOCAL MEDIA PROVIDING MEMBERS WITH DISPLAY AREAS TPO PROMOTE THEIR PRODUCTS AND SERVICES

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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 $19,475

Program Service Revenue $434,166

Investment Income $12

Other Revenue $0

TOTAL REVENUE $453,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $304,213

TOTAL EXPENSES $304,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$453,653	$793	+571.1%
Expenses	$304,213	$24,029	+11.7%
Net Income	$149,440	$-23,236	-7.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT OLSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK O'DELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT O'HARA	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE NIEMCZURA	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTIN DEPACE	BOARD MEMBER	1.00		$0	$0	$0
PETE BARDUNIAS	BOARD MEMBER	1.00		$0	$0	$0
DAVE HYDE	BOARD MEMBER	1.00		$0	$0	$0
JOSH MANCE	BOARD MEMBER	1.00		$0	$0	$0
HIBBARD NASH	BOARD MEMBER	1.00		$0	$0	$0
BOB FRIEDLAENDER	BOARD MEMBER	1.00		$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
2023	$453,653	$304,213	$168,311	$149,440
2022	$793	$24,029	$12,887	$-23,236
2021	$11,273	$26,258	$36,125	$-14,985
2020	$75,900	$104,231	$51,165	$-28,331
2019	$291,429	$265,355	$137,802	$26,074
2018	$276,021	$303,391	$163,919	$-27,370

EASTERN NY MARINE TRADE ASSOCIATION INC