MARINERS INN

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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 24-HOUR RESIDENTIAL SUBSTANCE ABUSE TREATMENT FOR ADULT HOMELESS MEN IN A PROFESSIONAL, COMPASSIONATE, AND THERAPEUTIC ENVIRONMENT CONDUCIVE TO REDUCING DRUG AND ALCOHOL ADDICTION AND PROMOTING THEIR RETURN TO HEALTH, INDEPENDENCE, AND INCREASED SELF-WORTH.

Program Service Accomplishments

Program 1

Expenses: $1,490,531 Revenue: $42,540

THE RESIDENTIAL TREATMENT PROGRAM CONTINUED TO SERVICE MEN WHO WERE HOMELESS, AT LEAST 18 YEARS OF AGE, AND CHEMICALLY DEPENDENT BY PROVIDING APPROXIMATELY 81 BEDS AND UP TO 29 DAYS OF TREATMENT.

Program 2

Expenses: $955,606 Revenue: $27,274

THE RECOVERY HOUSING PROGRAM PROVIDED A SUPPORTIVE, SEMI-INDEPENDENT LIVING EXPERIENCE TO MEN WHO SUCCESSFULLY COMPLETED THE RESIDENTIAL TREATMENT PROGRAM. THE MEN RECEIVED LIVING SPACE AND MEALS IN A RECOVERING COMMUNITY OF SOBER MEN FOR A PERIOD OF USUALLY FOUR MONTHS. THE PROGRAM ALSO GAVE THESE MEN THE OPPORTUNITY TO WORK ON ALL ASPECTS OF THEIR RECOVERY FROM SUBSTANCE ABUSE AND HOMELESSNESS. EACH INDIVIDUAL WORKED ON HIS OWN SPECIFIC GOALS (I.E., HIS PARTICULAR WAY OF BEING SELF-SUFFICIENT), ESTABLISHED WITH THE ASSISTANCE OF THE RECOVERY HOUSING STAFF.

Program 3

Expenses: $688,024 Revenue: $19,637

THE EXTENDED RESIDENCY PROGRAM PROVIDED AN ALCOHOL-FREE AND DRUG-FREE RESIDENTIAL ENVIRONMENT IN WHICH MEN WERE OFFERED LIVING SPACE AND MEALS IN A RECOVERING COMMUNITY FOR AN INITIAL PERIOD OF UP TO TWO YEARS. THE PROGRAM PROVIDED PERMANENT HOUSING FOR HOMELESS MEN WITH DISABILITIES AND IS BASED ON THE PRINCIPLES OF THE 12-STEP RECOVERY MODEL FOR SUBSTANCE ABUSE.

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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