PIRATES INC (EIN 351503900) - 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

1966

Legal Domicile

Principal Officer

ROBERT TIBERI

Phone

2198361065

Tax Period

2023-01-01 to 2023-12-31

PIRATES INC, founded in 1966, is a small nonprofit that reported $191K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $212K exceeded revenue, resulting in a 11% operating deficit.

Mission

COLLECT AND DISTRIBUTE AMOUNTS TO VARIOUS CHARITABLE ORGANIZATIONS.

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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 $166,006

Program Service Revenue $0

Investment Income $6,807

Other Revenue $18,530

TOTAL REVENUE $191,343

Expense Breakdown

Grants Paid $180,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,000

Other Expenses $32,347

TOTAL EXPENSES $212,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,343	$250,542	-0.2%
Expenses	$212,347	$189,576	+0.1%
Net Income	$-21,004	$60,966	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY D RICE	ADMIRAL	1.00	Officer	$0	$0	$0
THOMAS MCGRATH	REAR ADMIRAL	1.00	Officer	$0	$0	$0
ROBERT TIBERI	SECRETARY-TREASURER	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$191,343	$212,347	$165,045	$-21,004
2022	$250,542	$189,576	$186,049	$60,966
2021	$175,706	$189,080	$125,083	$-13,374
2020	$197,918	$189,216	$138,457	$8,702
2019	$207,461	$192,368	$129,755	$15,093
2018	$190,768	$189,690	$114,662	$1,078

PIRATES INC