MARINE APPLIED RESEARCH AND EXPLORATION (EIN 311821639) - 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

2003

Legal Domicile

Phone

4156926693

Tax Period

2024-07-01 to 2025-06-30

MARINE APPLIED RESEARCH AND EXPLORATION, founded in 2003, is a community nonprofit in the Science & Technology sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 4% surplus.

Mission

Marine Applied Research & Exploration (MARE) provides technology and offshore operations expertise needed to see and work in deepwater marine environments - those beyond the reach of most divers. MARE collaborates with scientists, resource managers, and environmental groups.

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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 $740,403

Program Service Revenue $914,805

Investment Income $2,243

Other Revenue $0

TOTAL REVENUE $1,657,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $947,125

Fundraising Expenses $55,933

Program Expenses $749,986

Other Expenses $648,918

TOTAL EXPENSES $1,596,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,657,451	$959,347	+0.7%
Expenses	$1,596,043	$1,750,539	-0.1%
Net Income	$61,408	$-791,192	-1.1%

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

$150,000

Total Directors

$150,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dirk Rosen	Past President	40.00	Officer Director	$150,000	$0	$150,000
ANDREW LAUREMANN	SCIENCE DIRECTOR	40.00		$132,211	$0	$132,211
Larissa Pommeraud	Chairman	40.00	Officer Director	$0	$0	$0
Gabriella Levine	Vice Chairman	0.00	Officer Director	$0	$0	$0
Patrick Donovan	Treasurer	0.00	Officer Director	$0	$0	$0
Vilas Rao	Secretary	0.00	Officer Director	$0	$0	$0
Jon Glassman	Past Chairman	0.00	Officer Director	$0	$0	$0
Mark Gordon	Director	0.00	Director	$0	$0	$0
Tom Hourigan	Director	0.00	Director	$0	$0	$0
Erin O'Toole	Director	0.00	Director	$0	$0	$0
Adeline Cheam	Director	0.00	Director	$0	$0	$0
Mats Nilsson	Director	0.00	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	$1,657,451	$1,596,043	$632,056	$61,408
2024	$959,347	$1,750,539	$336,806	$-791,192
2023	$1,295,840	$1,454,202	$1,139,713	$-158,362
2022	$1,698,520	$1,633,861	$1,174,372	$64,659
2021	$1,582,492	$1,475,428	$1,137,478	$107,064
2020	$1,280,140	$1,325,243	$1,017,546	$-45,103
2019	$1,089,340	$1,056,359	$704,283	$32,981
2018	$750,338	$1,033,398	$665,932	$-283,060

MARINE APPLIED RESEARCH AND EXPLORATION