NATIONAL MARINE MANUFACTURERS ASSO… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

FRANK HUGELMEYER

Phone

2027379771

Tax Period

2023-10-01 to 2024-09-30

NATIONAL MARINE MANUFACTURERS ASSOCIATION, founded in 1979, is a mid-sized nonprofit that reported $51.7M in total revenue in fiscal year 2023. Expenses of $47.5M left a modest 8% surplus.

Mission

TO ENSURE THE GROWTH AND SUCCESS OF THE RECREATIONAL BOATING INDUSTRY.

Program Service Accomplishments

Program 1

DISCOVER BOATING CONSUMER MARKETING CAMPAIGN AND BOAT SHOWS: CONTINUOUSLY IDENTIFY GROWTH OPPORTUNITIES WITHIN THE RECREATIONAL MARINE INDUSTRY TO EXPAND THE MARKET FOR BOATING, AND CHAMPION THOSE...

DISCOVER BOATING CONSUMER MARKETING CAMPAIGN AND BOAT SHOWS: CONTINUOUSLY IDENTIFY GROWTH OPPORTUNITIES WITHIN THE RECREATIONAL MARINE INDUSTRY TO EXPAND THE MARKET FOR BOATING, AND CHAMPION THOSE OPPORTUNITIES THROUGH CONSUMER COMMUNICATIONS, TARGETED MARKETING PROGRAMS, AND BY DEVELOPING INDUSTRY EDUCATION AND RESOURCES. PRODUCE BOAT AND SPORT SHOWS IN KEY NORTH AMERICAN MARKETS TO PROVIDE QUALITY SALES VENUES FOR EXHIBITORS AND CONSUMERS.

Program 2

ADVOCACY: REPRESENTS THE INDUSTRY ON PUBLIC POLICY ISSUES, ADVOCATING AT STATE AND FEDERAL LEVELS TO PROTECT THE INTERESTS OF THE MARINE INDUSTRY AND THE USERS OF PRODUCTS.

Program 3

CERTIFICATION: MAINTAINS BOAT, TRAILER AND OIL CERTIFICATION PROGRAMS TO PROMOTE SAFETY AND HELP MANUFACTURERS PRODUCE QUALITY PRODUCTS.

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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 $0

Program Service Revenue $50,170,183

Investment Income $1,522,495

Other Revenue $0

TOTAL REVENUE $51,692,678

Expense Breakdown

Grants Paid $923,525

Salaries & Benefits $16,962,522

Fundraising Expenses $0

Other Expenses $29,657,197

TOTAL EXPENSES $47,543,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,692,678	$52,279,479	0.0%
Expenses	$47,543,244	$44,776,964	+0.1%
Net Income	$4,149,434	$7,502,515	-0.4%

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

217

Volunteers

100

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

$1,315,562

Total Directors

Key Employees

$4,733,550

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL YEARGIN	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CRAIG CLAWSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
AINE DENARI	TREASURER	2.00	Officer Director	$0	$0	$0
BEN SPECIALE	SECRETARY	2.00	Officer Director	$0	$0	$0
ANN BALDREE	DIRECTOR	1.00	Director	$0	$0	$0
BEN DUKE	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD GUY	DIRECTOR	1.00	Director	$0	$0	$0
BILL BOEHMAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BRAITMAYER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC NELSON	DIRECTOR	1.00	Director	$0	$0	$0
FREDRIK HOGBERG	DIRECTOR	1.00	Director	$0	$0	$0
GREG LENTINE	DIRECTOR	1.00	Director	$0	$0	$0
GUS BLAKELY	DIRECTOR	1.00	Director	$0	$0	$0
JASON BLACKBURN	DIRECTOR	1.00	Director	$0	$0	$0
JOE NEBER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BUELOW	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LIVINGSTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SWICK	DIRECTOR	1.00	Director	$0	$0	$0
JOSIE TUCCI	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CARLAN	DIRECTOR	1.00	Director	$0	$0	$0
KRIS CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
MARK MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
MATT PEAT	DIRECTOR	1.00	Director	$0	$0	$0
MATT WOOD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LINDBERG	DIRECTOR	1.00	Director	$0	$0	$0
RICK TINKER	DIRECTOR	1.00	Director	$0	$0	$0
ROB PARMENTIER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT OSWELL	DIRECTOR	1.00	Director	$0	$0	$0
RON BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PORTER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HEESE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE TILDERS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SLIKKERS	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS KURT HUGELMEYER	PRESIDENT	40.00	Officer	$831,231	$40,692	$871,923
CRAIG BOSKEY	SR VP AND CFO	40.00	Officer	$403,037	$40,602	$443,639
ELLEN BRADLEY CHIEF BRAND	OFFICER, SR VP, MARKETING & COMM.	40.00	Key Emp	$332,794	$36,196	$368,990
ROBERT NEWSOME CHIEF ADMIN	OFFICER, SR VP, OPERATIONS	40.00	Key Emp	$323,733	$34,135	$357,868
JOHN MCKNIGHT	SR VP, ENVIRONMENTAL	40.00	Key Emp	$308,326	$40,091	$348,417
JENNIFER THOMPSON	SR VP, NMMA SHOWS	40.00	Key Emp	$294,084	$29,031	$323,115
TILLIE FOWLER	SR VP, GOVT. RELATIONS	40.00	Key Emp	$284,745	$20,721	$305,466
KEVIN MAURICE WILLIAMS	VP OF NORTH AMERICAN MARKETING	40.00	Key Emp	$252,059	$27,740	$279,799
MILDRED ROBINSON	VP, BUSINESS INTELLIGENCE	40.00	Key Emp	$244,190	$19,361	$263,551
GLENDA SANDOVAL	VP, ACCTING, FIN. AND CONTROLLER	40.00	Key Emp	$211,616	$39,897	$251,513
JONATHAN PRITKO	VP OF NORTHEAST SHOWS	40.00	Key Emp	$225,283	$25,738	$251,021
LEWIS WEBB	VP, TECHNOLOGY	40.00	Key Emp	$200,236	$21,920	$222,156
CAROLINE ANNE HOLDEN HOYT	VP, GOVERNMENT RELATIONS	40.00	Key Emp	$192,333	$21,002	$213,335
BETH LUTHER	VP, PEOPLE & CULTURE	40.00	Key Emp	$189,847	$13,815	$203,662
DAVID DICKERSON	VP, STATE GOVERNMENT RELATIONS	40.00	Key Emp	$179,275	$29,603	$208,878
KELLY ROONEY	VP, NORTH AMERICAN PR & COMM.	40.00	Key Emp	$168,709	$37,266	$205,975
SCOTT BERRY	VP, ENGINEERING STANDARDS	40.00	Key Emp	$174,359	$28,519	$202,878
DARREN ENVALL	VP OF MIDWEST BOAT & SPORTSHOWS	40.00	Key Emp	$173,694	$19,685	$193,379
ALISDAIR MARTIN	VP OF STRATEGY & SALES	40.00	Key Emp	$167,605	$24,127	$191,732
MARIE-FRANCE MACKINNON	EXECUTIVE DIRECTOR, NMMA CANADA	40.00	Key Emp	$176,108	$2,088	$178,196
NICK LIGAMMARI	VP, OPERATIONS	40.00	Key Emp	$151,360	$12,259	$163,619

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	$51,692,678	$47,543,244	$55,505,234	$4,149,434
2023	$52,279,479	$44,776,964	$46,888,890	$7,502,515
2022	$44,360,841	$36,173,568	$31,826,591	$8,187,273
2021	$19,298,889	$25,597,662	$24,852,893	$-6,298,773
2020	$61,020,613	$50,799,221	$28,825,728	$10,221,392
2019	$66,621,987	$69,748,075	$38,489,800	$-3,126,088
2018	$62,871,801	$57,969,625	$34,969,016	$4,902,176

NATIONAL MARINE MANUFACTURERS ASSOCIATION