MARITIME PASTORAL INSTITUTE

EIN: 472631594 501(c)(3)

COVINGTON, LA

Total Revenue
$31,309
Total Expenses
$70,949
Total Assets
N/A
Net Assets
N/A
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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

Principal Officer
WINSTON RICE
Tax Period
2023-01-01 to 2023-12-31

MARITIME PASTORAL INSTITUTE is a micro nonprofit that reported $31K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $71K exceeded revenue, resulting in a 127% operating deficit.

Mission

PROVIDE PASTORAL CARE AND EVANGELIZING IN THE NAVIGABLE WATERS; EXTENDED BENEFITS OF PASTORAL CARE TO THE MARITIME WORKFORCE AND THEIR FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,913
Program Service Revenue $0
Investment Income $0
Other Revenue $7,396
TOTAL REVENUE $31,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $378
Fundraising Expenses $0
Program Expenses $17,000
Other Expenses $53,571
TOTAL EXPENSES $70,949

Year-over-Year Comparison

2023 2022 Change
Revenue $31,309 $74,283 -0.6%
Expenses $70,949 $161,319 -0.6%
Net Income $-39,640 $-87,036 -0.5%
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
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CONROY TREASURER N/A
Officer Director
$0 $0 $0
BARBARA RICE SECRETARY N/A
Officer Director
$0 $0 $0
WINSTON RICE EXECUTIVE DI N/A
Officer 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
2023 $31,309 $70,949 No data $-39,640
2022 $74,283 $161,319 $37,476 $-87,036
2021 $200,613 $189,523 $138,864 $11,090
2020 $200,502 $235,103 $121,762 $-34,601
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