Los Angeles Maritime Institute Children's Maratime Institute (EIN 330515416) - 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

1992

Legal Domicile

Principal Officer

BRUCE D HEYMAN

Phone

3108336055

Tax Period

2023-07-01 to 2024-06-30

Los Angeles Maritime Institute Children's Maratime Institute, founded in 1992, is a community nonprofit in the Unknown sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.4M exceeded revenue, resulting in a 28% operating deficit.

Mission

Oceanbased youth character building leadership development and maritime vocational training

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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 $834,439

Program Service Revenue $1,045,787

Investment Income $74

Other Revenue $2,066

TOTAL REVENUE $1,882,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,213,324

Fundraising Expenses $156,101

Program Expenses $2,032,729

Other Expenses $1,203,197

TOTAL EXPENSES $2,416,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,882,366	$1,605,092	+0.2%
Expenses	$2,416,521	$2,111,873	+0.1%
Net Income	$-534,155	$-506,781	+0.1%

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

120

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

$121,191

Total Directors

$121,191

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE D HEYMAN	Executive Director	50.00	Officer Director	$121,191	$0	$121,191
ERIC JOHNAON	Chairman	3.000	Officer Director	$0	$0	$0
WINTER WILSON	Director	3.000	Director	$0	$0	$0
TOM THOMAS	Director	3.000	Director	$0	$0	$0
RICHARD MCKENNA	Vice ChairTreasurer	3.000	Officer Director	$0	$0	$0
ALICE ROBINSON	Director	3.000	Director	$0	$0	$0
CHRISTINE RYBAK	Director	3.000	Director	$0	$0	$0
ADAM DERAGISCH	Director	3.000	Director	$0	$0	$0
BYRON COUNTRYMAN	Secretary	3.000	Officer Director	$0	$0	$0
WEST WILSON	Director	3.000	Director	$0	$0	$0
DAVE ZELHART	Director	3.000	Director	$0	$0	$0
JOE GATLIN	Director	3.000	Director	$0	$0	$0
TIM SEIDEL	Director	3.000	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	No data	No data	No data	No data
2024	$1,882,366	$2,416,521	$2,589,441	$-534,155
2023	$1,605,092	$2,111,873	$3,120,462	$-506,781
2022	$1,259,448	$1,966,158	$3,405,731	$-706,710
2021	$1,475,035	$1,821,754	$3,791,628	$-346,719

Los Angeles Maritime Institute Children's Maratime Institute