NORTH AMERICAN MARITIME MINISTRY ASSOCIATION INC (EIN 237065131) - 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

1932

Legal Domicile

Principal Officer

DEACON PAUL ROSENBLUM

Phone

5149936528

Tax Period

2024-01-01 to 2024-12-31

NORTH AMERICAN MARITIME MINISTRY ASSOCIATION INC, founded in 1932, is a small nonprofit that reported $626K in total revenue in fiscal year 2024. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $225K, a strong 36% operating margin.

Mission

NAMMA'S MISSION IS TO SUPPORT AND ENCOURAGE CHRISTIAN ORGANIZATIONS IN MARITIME MINISTRY BY BUILDING AN ASSOCIATION THAT PROVIDES PROFESSIONAL DEVELOPMENT, FELLOWSHIP, AND ADVOCACY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $554,048

Program Service Revenue $49,942

Investment Income $22,459

Other Revenue $0

TOTAL REVENUE $626,449

Expense Breakdown

Grants Paid $66,800

Salaries & Benefits $96,833

Fundraising Expenses $27,837

Program Expenses $313,137

Other Expenses $238,214

TOTAL EXPENSES $401,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$626,449	$263,944	+1.4%
Expenses	$401,847	$405,558	0.0%
Net Income	$224,602	$-141,614	-2.6%

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

$96,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JASON ZUIDEMA	EXECUTIVE DI	40.00	Officer	$96,833	$0	$96,833
DEACON PAUL ROSENBLUM	PRESIDENT	3.00	Officer Director	$0	$0	$0
CHAPLAIN MICHELLE DEPOOTER	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
DANA BLUME	RECORDING SE	2.00	Officer Director	$0	$0	$0
REV STEPHEN CUSHING	TREASURER	3.00	Officer Director	$0	$0	$0
SHARON EMERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEACON JOHN ARCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
DEACON DILEEP ATHAIDE	BOARD MEMBER	1.00	Director	$0	$0	$0
REV GARY ROOSMA	BOARD MEMBER	1.00	Director	$0	$0	$0
PASTOR MARIANO BIAZON	BOARD MEMBER	1.00	Director	$0	$0	$0
REV STEPHEN MCKINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN GLENN	BOARD MEMBER	1.00	Director	$0	$0	$0
MR TIMOTHY WONG	BOARD MEMBER	1.00	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	$626,449	$401,847	$762,066	$224,602
2023	$263,944	$405,558	$537,411	$-141,614
2022	$583,267	$406,599	$680,383	$176,668
2021	$335,563	$244,235	$501,689	$91,328
2020	$277,279	$176,721	$420,554	$100,558
2019	$391,547	$332,187	$307,837	$59,360
2018	$357,039	$316,872	$269,522	$40,167

NORTH AMERICAN MARITIME MINISTRY ASSOCIATION INC