NORTHEAST MARITIME INSTITUTE FOUNDATION (EIN 473743005) - 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

2015

Legal Domicile

Principal Officer

Angela Dawicki

Phone

5084723375

Tax Period

2023-07-01 to 2024-06-30

NORTHEAST MARITIME INSTITUTE FOUNDATION, founded in 2015, is a small nonprofit in the Education sector that reported $300K in total revenue in fiscal year 2023. Revenue surged 9781% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 70% operating margin.

Mission

Support maritime education through scholarship and maritime community education and support.

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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 $296,843

Program Service Revenue $0

Investment Income $2

Other Revenue $3,334

TOTAL REVENUE $300,179

Expense Breakdown

Grants Paid $67,550

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,816

Other Expenses $22,266

TOTAL EXPENSES $89,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,179	$3,038	+97.8%
Expenses	$89,816	$4,000	+21.5%
Net Income	$210,363	$-962	-219.7%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Morgan Dawicki	President	5	Director	$0	$0	$0
Angela Dawicki	Treasurer and Vice President	5	Director	$0	$0	$0
Cassidy Correia	Trustee	1	Director	$0	$0	$0
Hannah Dawicki	Chairperson	5	Director	$0	$0	$0
Lauren Dawicki	Trustee	2	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
2024	$300,179	$89,816	$425,344	$210,363
2022	$340,262	$348,214	$186,817	$-7,952

NORTHEAST MARITIME INSTITUTE FOUNDATION