STEAMSHIP TRADE ASSOCIATION OF BALTIMORE INC (EIN 520557692) - 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

1929

Legal Domicile

Phone

4102483377

Tax Period

2024-01-01 to 2024-09-30

STEAMSHIP TRADE ASSOCIATION OF BALTIMORE INC, founded in 1929, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $9.5M represent 25 months of operating reserves.

Mission

The organization's core mission is labor management relations and promoting maritime trade in a safe, positive, technologically advanced environment.

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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 $0

Program Service Revenue $4,127,014

Investment Income $506,437

Other Revenue $0

TOTAL REVENUE $4,633,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,099,643

Fundraising Expenses $0

Other Expenses $2,823,511

TOTAL EXPENSES $4,923,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,633,451	$5,878,253	-0.2%
Expenses	$4,923,154	$5,730,442	-0.1%
Net Income	$-289,703	$147,811	-3.0%

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

N/A

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

$306,692

Total Directors

$93,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS WOLFE	President	40.00	Officer	$136,587	$0	$136,587
DAVID HARTMAN	President	40.00	Officer	$113,867	$0	$113,867
CHRISTOPHER PAYNE	Treasurer	40.00	Officer	$56,238	$0	$56,238
MARK SCHMIDT	Director	8.00	Director	$13,125	$0	$13,125
MORGAN BAILEY	Director	8.00	Director	$13,125	$0	$13,125
BILL WADE	Director	8.00	Director	$13,125	$0	$13,125
MAURO DAL BO	Director	8.00	Director	$13,125	$0	$13,125
DENNIS MURPHY	Director	8.00	Director	$13,125	$0	$13,125
GREG WAIDLICH	Director	8.00	Director	$13,125	$0	$13,125
MICHAEL DERBY	Director	8.00	Director	$7,350	$0	$7,350
SHAWN OLSHEFSKI	Director	8.00	Director	$7,350	$0	$7,350

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	$4,633,451	$4,923,154	$12,042,349	$-289,703
2023	$6,084,137	$6,058,818	$11,733,004	$25,319
2022	$5,878,253	$5,730,442	$10,873,029	$147,811
2021	$3,929,737	$4,837,226	$11,946,637	$-907,489
2020	$3,839,738	$5,052,077	$12,255,160	$-1,212,339

STEAMSHIP TRADE ASSOCIATION OF BALTIMORE INC