MARINE RENEWABLE ENERGY COLLABORATI

EIN: 463825104 501(c)(3) Unknown

Marion, MA

Total Revenue
$407,056
Total Expenses
$69,623
Total Assets
$603,757
Net Assets
$591,152
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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
2013
Legal Domicile
MA
Phone
5087285825
Tax Period
2025-01-01 to 2025-12-31

MARINE RENEWABLE ENERGY COLLABORATI, founded in 2013, is a small nonprofit in the Unknown sector that reported $407K in total revenue in fiscal year 2025. Revenue surged 9076% from the prior year, signaling strong growth momentum. The organization ran a surplus of $337K, a strong 83% operating margin.

Mission

To support hydrokinetic industry

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $400,000
Program Service Revenue $7,000
Investment Income $56
Other Revenue $0
TOTAL REVENUE $407,056

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,732
Fundraising Expenses $0
Program Expenses $31,624
Other Expenses $55,891
TOTAL EXPENSES $69,623

Year-over-Year Comparison

2025 2024 Change
Revenue $407,056 $4,436 +90.8%
Expenses $69,623 $29,886 +1.3%
Net Income $337,433 $-25,450 -14.3%
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

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Governance

Voting Members
9
Independent Members
8
Employees
2
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
2
$0
Total Directors
9
$9,477
Key Employees
1
$9,477
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Miller Secretary Executive Director 0.00
Director Key Emp
$9,477 $0 $9,477
Stephen Barrett President 0.00
Officer Director
$0 $0 $0
Megan Amsler Director 0.00
Director
$0 $0 $0
Harlan Doliner Director 0.00
Director
$0 $0 $0
Raymond Schmitt Director 0.00
Director
$0 $0 $0
Malcolm Spaulding Director 0.00
Director
$0 $0 $0
William Staby Treasurer 0.00
Officer Director
$0 $0 $0
Raza Hashemi Director 0.00
Director
$0 $0 $0
Mark Whalen Director 0.00
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 $407,056 $69,623 $603,757 $337,433
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