MARINERS INN (EIN 382136488) - 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

1976

Legal Domicile

Principal Officer

DAVID SAMPSON

Phone

3139629446

Tax Period

2023-10-01 to 2024-09-30

MARINERS INN, founded in 1976, is a community nonprofit in the Mental Health sector that reported $4.3M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $9.7M represent 27 months of operating reserves.

Mission

TO PROVIDE SHELTER AND DRUG TREATMENT FOR HOMELESS PEOPLE AND TO PREPARE THEM TO LEAD PRODUCTIVE LIVES

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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 $4,143,865

Program Service Revenue $107,282

Investment Income $16,808

Other Revenue $386

TOTAL REVENUE $4,268,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,021,910

Fundraising Expenses $216,948

Program Expenses $3,758,907

Other Expenses $1,489,586

TOTAL EXPENSES $4,511,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,268,341	$5,481,120	-0.2%
Expenses	$4,511,496	$4,048,777	+0.1%
Net Income	$-243,155	$1,432,343	-1.2%

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

100

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

$132,368

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUN WILSON	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL FRENCH	FIRST VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVE DENOMME	SECOND VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
THADDEUS MACKRELL	TREASURER	0.50	Officer Director	$0	$0	$0
JOSEPH VERNON	SECRETARY	0.50	Officer Director	$0	$0	$0
CARL BENTLEY	TRUSTEE	0.30	Director	$0	$0	$0
WILLIAM BROWN	TRUSTEE	0.30	Director	$0	$0	$0
LADON DAVIS	TRUSTEE	0.30	Director	$0	$0	$0
ERIK DEAN	TRUSTEE	0.30	Director	$0	$0	$0
KEVIN GREEN	TRUSTEE	0.30	Director	$0	$0	$0
JOEL KELLMAN	TRUSTEE	0.30	Director	$0	$0	$0
REV DR BONNIE A PERRY	TRUSTEE	0.30	Director	$0	$0	$0
MARIE RANCINE	TRUSTEE	0.30	Director	$0	$0	$0
MICHELLE SARGENT	TRUSTEE	0.30	Director	$0	$0	$0
DAVID SAMPSON	CHIEF EXECUTIVE OFFICER	40.00	Officer	$132,368	$0	$132,368

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	$4,268,341	$4,511,496	$11,322,600	$-243,155
2023	$5,481,120	$4,048,777	$10,621,608	$1,432,343
2022	$5,879,529	$4,047,506	$7,396,118	$1,832,023
2021	$3,288,527	$3,885,974	$6,378,725	$-597,447
2020	$3,804,695	$3,811,171	$6,194,677	$-6,476
2019	$3,460,762	$4,243,201	$5,936,036	$-782,439
2018	$5,204,288	$4,207,874	$6,567,018	$996,414

MARINERS INN