Massachusetts Maritime Academy Alumni Association Inc (EIN 237273472) - 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

1916

Legal Domicile

Principal Officer

KEVIN FLANIGAN

Phone

7742386028

Tax Period

2024-09-01 to 2025-08-31

Massachusetts Maritime Academy Alumni Association Inc, founded in 1916, is a small nonprofit in the Education sector that reported $280K in total revenue in fiscal year 2024. The organization ran a surplus of $91K, a strong 32% operating margin.

Mission

TO PROVIDE SERVICES AND ACTIVITIES FOR ALUMNI OF THE MASSACHUSETTS MARITIME ACADEMY.

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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 $128,000

Program Service Revenue $21,100

Investment Income $10,363

Other Revenue $121,000

TOTAL REVENUE $280,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $42,000

Program Expenses $118,700

Other Expenses $189,800

TOTAL EXPENSES $189,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,463	$279,650	+0.0%
Expenses	$189,800	$185,625	+0.0%
Net Income	$90,663	$94,025	0.0%

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
TIMM HIBBERT	PRESIDENT	2.00	Officer Director	$0	$0	$0
MASON WILCOX	SECRETARY	2.00	Officer Director	$0	$0	$0
SHAWN O'CONNOR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN GALLAGHER	DIRECTOR	1.00	Officer Director	$0	$0	$0
WILLIAM BARIBAULT	DIRECTOR	1.00	Officer Director	$0	$0	$0
BARRY MCDONOUGH	DIRECTOR	1.00	Officer Director	$0	$0	$0
JOHN KELLY	DIRECTOR	1.00	Officer Director	$0	$0	$0
FRANK HENNIGAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
KEVIN FLANIGAN	TREASURER	5.00	Officer Director	$0	$0	$0
RICK LEO	DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRISTINA COLARUSSO	DIRECTOR	1.00	Officer Director	$0	$0	$0
PHIL GASPAR	DIRECTOR	1.00	Officer Director	$0	$0	$0
NATE LAWSON	DIRECTOR	1.00	Officer 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
2025	$280,463	$189,800	$462,538	$90,663
2024	$279,650	$185,625	$379,085	$94,025
2023	$198,517	$214,087	$316,622	$-15,570
2022	$179,700	$209,788	$310,439	$-30,088
2021	$185,455	$133,852	$295,154	$51,603
2020	$160,533	$127,420	$235,184	$33,113
2019	$110,388	$137,397	$197,757	$-27,009
2018	$135,858	$113,333	$224,766	$22,525

Massachusetts Maritime Academy Alumni Association Inc