CENTRAL CARIBBEAN MARINE INSTITUTE INC (EIN 223609293) - 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

1998

Legal Domicile

Principal Officer

Timothy Kary

Phone

3459481094

Tax Period

2023-01-01 to 2023-12-31

CENTRAL CARIBBEAN MARINE INSTITUTE INC, founded in 1998, is a community nonprofit in the Science & Technology sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $477K, a strong 19% operating margin.

Mission

The organisation is dedicated to conducting and facilitating research, education, and outreach that will sustain marine diversity for future generations

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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 $2,016,113

Program Service Revenue $329,178

Investment Income $5,056

Other Revenue $145,348

TOTAL REVENUE $2,495,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $780,151

Fundraising Expenses $254,476

Program Expenses $1,598,100

Other Expenses $1,238,476

TOTAL EXPENSES $2,018,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,495,695	$2,720,921	-0.1%
Expenses	$2,018,627	$1,556,569	+0.3%
Net Income	$477,068	$1,164,352	-0.6%

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

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

$84,155

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Hedges	Cheif Administration Officer	45	Officer	$0	$84,155	$84,155
Timothy Kary	Chaiman	1	Officer Director	$0	$0	$0
Peter Hillenbrand	Board Member	1	Director	$0	$0	$0
Steven Gittings	Board Member	1	Director	$0	$0	$0
Christopher Humphries	Board Member	1	Director	$0	$0	$0
Sydney Coleman	Board Member	1	Director	$0	$0	$0
JS de jager	Treasurer	1	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	No data	No data	No data	No data
2023	$2,495,695	$2,018,627	$5,534,496	$477,068
2022	$2,720,921	$1,556,569	$4,754,632	$1,164,352
2021	$1,979,694	$1,480,708	$3,462,275	$498,986
2020	$1,508,986	$1,331,527	$2,997,922	$177,459
2019	$1,434,476	$1,559,117	$2,754,568	$-124,641
2018	$1,863,933	$1,457,512	$3,005,683	$406,421

CENTRAL CARIBBEAN MARINE INSTITUTE INC