TOWING VESSEL INSPECTION BUREAU (EIN 271561296) - 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

2013

Legal Domicile

Principal Officer

TAVA S FORET

Phone

8323232155

Tax Period

2025-01-01 to 2025-12-31

TOWING VESSEL INSPECTION BUREAU, founded in 2013, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 5% surplus.

Mission

THE MISSION IS TO TRAIN AND CERTIFY MEMBERS IN THE BEST MANNER AVAILABLE TO CONDUCT VARIOUS TYPES OF MARINE RELATED INSPECTIONS AND AUDITS ON MARINE SAFETY MANAGEMENT SYSTEMS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,321,268

Investment Income $10,693

Other Revenue $362

TOTAL REVENUE $1,332,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $964,561

Fundraising Expenses $0

Other Expenses $298,685

TOTAL EXPENSES $1,263,246

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,332,323	$1,219,566	+0.1%
Expenses	$1,263,246	$1,160,989	+0.1%
Net Income	$69,077	$58,577	+0.2%

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

$324,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAVA S FORET	PRESIDENT	40.00	Officer	$178,773	$3,547	$182,320
LAUREN JEPPSON	EXECUTIVE VP	40.00	Officer	$139,216	$2,663	$141,879
CALEB KING	SENIOR OPERA	40.00	Highest	$125,541	$2,511	$128,052
KENNETH LAMPH	OPERATIONS M	40.00	Highest	$102,695	$1,990	$104,685
BRIAN BARTON	MEMBER	N/A	Director	$0	$0	$0
DREW BLANE	MEMBER	N/A	Director	$0	$0	$0
JO ANN CAMPBELL	MEMBER	N/A	Director	$0	$0	$0
LUIS CARMONA	MEMBER	N/A	Director	$0	$0	$0
CARLIN CHAMPMAN	MEMBER	N/A	Director	$0	$0	$0
REED DAVISON	MEMBER	N/A	Director	$0	$0	$0
TED DOMINQUEZ	MEMBER	N/A	Director	$0	$0	$0
MASON EUSTIS	VICE CHAIRMA	N/A	Director	$0	$0	$0
PAT FOLAN	MEMBER	N/A	Director	$0	$0	$0
ADAM FORET	SECRETARY	N/A	Director	$0	$0	$0
JAMIE HALTER	MEMBER	N/A	Director	$0	$0	$0
MOLLY ISNARDI	SUPPORT ORG	N/A	Director	$0	$0	$0
CHRIS KERN	AUDITOR/SURV	N/A	Director	$0	$0	$0
MATT LAGARDE	MEMBER	N/A	Director	$0	$0	$0
MATT LEWIS	MEMBER	N/A	Director	$0	$0	$0
IAN MCVICKER	TRAIN OUTREA	N/A	Director	$0	$0	$0
BRENT NISSEN	CHAIRMAN	N/A	Director	$0	$0	$0
MICHAEL ROHLAND	MEMBER	N/A	Director	$0	$0	$0
TODD RUSHING	AUDIT SUR CO	N/A	Director	$0	$0	$0
PAT SMITH	IMMEDIATE PA	N/A	Director	$0	$0	$0
HARRY STARK	TREASURER	N/A	Director	$0	$0	$0
WALT WEPFER	MEMBER	N/A	Director	$0	$0	$0
AARON WILLIAMS	MEMBER	N/A	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	$1,332,323	$1,263,246	$805,756	$69,077
2024	$1,219,566	$1,160,989	$766,800	$58,577
2023	$1,223,750	$1,136,887	$773,790	$86,863
2022	$1,181,664	$923,761	$768,638	$257,903
2021	$901,588	$817,746	$576,720	$83,842
2020	$955,463	$891,993	$542,642	$63,470
2019	$974,893	$832,993	$562,241	$141,900
2018	$786,140	$872,507	$514,392	$-86,367

TOWING VESSEL INSPECTION BUREAU