National Maritime Safety Associati… - 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

1980

Legal Domicile

Phone

5714001835

Tax Period

2023-01-01 to 2023-12-31

National Maritime Safety Association, founded in 1980, is a small nonprofit that reported $408K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $72K, a strong 18% operating margin.

Mission

The organization's primary exempt purpose is to represent the members in safety and health matters under the various statutes including OSHA. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

The National Maritime Safety Association (NMSA) represents the marine cargo handling industry in the United States in safety and health matters arising under various statutes, including the...

The National Maritime Safety Association (NMSA) represents the marine cargo handling industry in the United States in safety and health matters arising under various statutes, including the occupational Safety and Health Act. The Annual Meeting provides an opportunity to learn and share best safety practices.

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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 $405,641

Investment Income $2,544

Other Revenue $0

TOTAL REVENUE $408,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $335,812

TOTAL EXPENSES $335,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$408,185	$344,906	+0.2%
Expenses	$335,812	$365,663	-0.1%
Net Income	$72,373	$-20,757	-4.5%

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

$296,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Treasurer end March 2023	1.0	Officer Director	$0	$0	$0
N/A	2nd Vice President	1.0	Officer Director	$0	$0	$0
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	President as of March 2023	1.0	Officer Director	$0	$0	$0
N/A	1st Vice President	1.0	Officer Director	$0	$0	$0
N/A	3rd Vice President	1.0	Officer Director	$0	$0	$0
N/A	President end March 2023	1.0	Officer Director	$0	$0	$0
N/A	Treasurer as of March 2023	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director end March 2023	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Executive Director	1.0	Officer	$296,154	$0	$296,154

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	$408,185	$335,812	$403,938	$72,373
2022	$344,906	$365,663	$319,973	$-20,757
2021	$101,835	$149,993	$354,620	$-48,158
2020	$165,284	$161,524	$322,101	$3,760
2019	$266,742	$211,390	$323,659	$55,352
2018	$277,108	$273,251	$275,113	$3,857

National Maritime Safety Association