Philadelphia Marine Trade Association (EIN 231290292) - 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

1950

Legal Domicile

Principal Officer

Brian Casal

Phone

2154262510

Tax Period

2023-01-01 to 2023-12-31

Philadelphia Marine Trade Association, founded in 1950, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. The organization ran a surplus of $611K, a strong 23% operating margin.

Mission

Shipping industry promation/representation

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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 $0

Program Service Revenue $2,521,207

Investment Income $140,106

Other Revenue $0

TOTAL REVENUE $2,661,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $813,483

Fundraising Expenses $0

Other Expenses $498,160

TOTAL EXPENSES $2,050,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,661,313	$2,710,159	0.0%
Expenses	$2,050,259	$2,375,185	-0.1%
Net Income	$611,054	$334,974	+0.8%

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

$307,699

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Dolan	President (Past)	40.00	Officer	$55,616	$7,077	$62,693
Gina Petrille	Vice President (Past)	40.00	Officer	$24,321	$1,454	$25,775
David Whene	Director / Treasurer	5.00	Director	$5,000	$0	$5,000
Andy Sentyz	Director	5.00	Director	$5,000	$0	$5,000
James Lyons	Director	5.00	Director	$5,000	$0	$5,000
Bayard Hogans	Director	5.00	Director	$5,000	$0	$5,000
Brain Casal	President (New)	5.00	Officer	$198,000	$21,231	$219,231

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	$2,661,313	$2,050,259	$4,548,870	$611,054
2022	$2,710,159	$2,375,185	$3,733,178	$334,974
2021	$2,926,450	$2,456,616	$3,587,817	$469,834
2020	$2,201,488	$2,227,849	$3,018,972	$-26,361
2019	$2,381,964	$2,208,376	$2,761,479	$173,588
2018	$2,035,450	$2,226,188	$2,781,867	$-190,738

Philadelphia Marine Trade Association