MARINE RETAILERS ASSOCIATION OF THE AMERICAS (EIN 237432127) - 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

1971

Legal Domicile

Principal Officer

MATT GRUHN

Phone

7633158043

Tax Period

2023-01-01 to 2023-12-31

MARINE RETAILERS ASSOCIATION OF THE AMERICAS, founded in 1971, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $4.2M left a modest 9% surplus.

Mission

TRADE ASSOCIATION FOR MARINE RETAILERS. THE PURPOSE OF THE ORGANIZATION IS TO RENDER EDUCATIONAL, DEVELOPMENTAL, LEGISLATIVE, REGULATORY AND PROMOTIONAL SERVICES FOR THE BENEFIT OF ITS MEMBERS.

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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 $27,005

Program Service Revenue $4,376,906

Investment Income $63,602

Other Revenue $137,434

TOTAL REVENUE $4,604,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,152,113

Fundraising Expenses $0

Other Expenses $2,046,817

TOTAL EXPENSES $4,198,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,604,947	$3,268,789	+0.4%
Expenses	$4,198,930	$3,122,713	+0.3%
Net Income	$406,017	$146,076	+1.8%

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

$218,803

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF STRONG	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOE LEWIS	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROB SOUCY	IMMEDIATE PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
CRAIG BROSENNE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
CRAIG LEBLANC	DIRECTOR	2.00	Director	$0	$0	$0
BOB PETZOLD	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN BUCKLAND	DIRECTOR	2.00	Director	$0	$0	$0
STACY GREENWOOD	DIRECTOR	2.00	Director	$0	$0	$0
PAUL BERUBE	DIRECTOR	2.00	Director	$0	$0	$0
CHAD TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
JASON SHALLCROSS	DIRECTOR	2.00	Director	$0	$0	$0
JEFF SIEMS	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON SHARPE	DIRECTOR	2.00	Director	$0	$0	$0
BOB BENSE	DIRECTOR	2.00	Director	$0	$0	$0
CARLY POOLE	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN DUQUETTE	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
MATT GRUHN	PRESIDENT	40.00	Officer	$214,130	$4,673	$218,803

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	$4,604,947	$4,198,930	$2,306,373	$406,017
2022	$3,268,789	$3,122,713	$2,055,532	$146,076
2021	$3,179,675	$2,740,974	$1,676,361	$438,701
2020	$1,723,605	$1,619,381	$1,045,621	$104,224
2019	$2,384,536	$2,183,862	$1,030,056	$200,674
2018	$1,753,734	$2,013,874	$965,163	$-260,140

MARINE RETAILERS ASSOCIATION OF THE AMERICAS