CMA EDUCATION FOUNDATION INC

EIN: 275437946 501(c)(3) Education

NEW CANAAN, CT

Total Revenue
$115,326
Total Expenses
$114,932
Total Assets
$786,362
Net Assets
$769,117
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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
2011
Legal Domicile
CT
Principal Officer
MOLLY MCCAFFERTY
Phone
2035505552
Tax Period
2024-07-01 to 2025-06-30

CMA EDUCATION FOUNDATION INC, founded in 2011, is a small nonprofit in the Education sector that reported $115K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $769K represent 80 months of operating reserves.

Mission

ESTABLISHED TO FOSTER FUTURE MARITIME PROFESSIONALS BY PROMOTING AND SUPPORTING MARITIME RELATED EDUCATION THROUGH FINANCIAL ASSISTANCE AND PROGRAM INITIATIVES. PROGRAMS INCLUDE: SCHOLARSHIPS, INTERNSHIP STIPENDS, CAREER DAYS AND THE BUSINESS OF SHIPPING COMPETITION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $84,817
Program Service Revenue $0
Investment Income $30,509
Other Revenue $0
TOTAL REVENUE $115,326

Expense Breakdown

Grants Paid $62,200
Salaries & Benefits $25,836
Fundraising Expenses $0
Program Expenses $62,200
Other Expenses $26,896
TOTAL EXPENSES $114,932

Year-over-Year Comparison

2024 2023 Change
Revenue $115,326 $166,938 -0.3%
Expenses $114,932 $166,878 -0.3%
Net Income $394 $60 +5.6%
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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Governance

Voting Members
12
Independent Members
11
Employees
1
Volunteers
15

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
4
$24,000
Total Directors
13
$24,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD BERMAN DIRECTOR 1.00
Director
$0 $0 $0
BETH WILSON JORDAN EXECUTIVE DIRECTOR 10.00
Officer Director
$24,000 $0 $24,000
FRANK ALFARONE TREASURER 1.00
Officer Director
$0 $0 $0
MOLLY MCCAFFERTY PRESIDENT 1.00
Officer Director
$0 $0 $0
SEAN DURKIN DIRECTOR 1.00
Director
$0 $0 $0
JAKE SCOTT DIRECTOR 1.00
Director
$0 $0 $0
KEVIN BREEN DIRECTOR 1.00
Director
$0 $0 $0
JAMES LAWRENCE DIRECTOR (PASSED AWAY 6/2/25) 1.00
Director
$0 $0 $0
LORRAINE PARSONS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
IAN WORKMAN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS AVERSANO DIRECTOR 1.00
Director
$0 $0 $0
DON FROST DIRECTOR 1.00
Director
$0 $0 $0
THOMAS KANE DIRECTOR 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
2025 $115,326 $114,932 $786,362 $394
2024 $166,938 $166,878 $742,634 $60
2023 $79,678 $116,032 $687,206 $-36,354
2022 $143,156 $114,085 $715,979 $29,071
2021 $90,466 $93,511 $795,079 $-3,045
2020 $58,916 $89,300 $691,887 $-30,384
2019 $95,387 $159,680 $742,604 $-64,293
2018 $110,677 $61,091 $785,146 $49,586
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