BALTIMORE MARITIME EXCHANGE INC

EIN: 520634742

Baltimore, MD

Total Revenue
$328,419
Total Expenses
$218,196
Total Assets
$901,359
Net Assets
$899,630
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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
1954
Legal Domicile
MD
Principal Officer
INGRID LONDONO
Phone
4103426610
Tax Period
2024-01-01 to 2024-12-31

BALTIMORE MARITIME EXCHANGE INC, founded in 1954, is a small nonprofit that reported $328K in total revenue in fiscal year 2024. The organization ran a surplus of $110K, a strong 34% operating margin.

Mission

THE EXCHANGE PROVIDES SHIP-TO-SHORE RADIO COMMUNICATIONS & INFO SERVICES BETWEEN SHIPS COMING TO THE PORT OF BALTIMORE, RESPECTIVE SHIPPING AGENTS, AND OTHER INTERESTED PARTIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $77,738
Program Service Revenue $239,079
Investment Income $11,315
Other Revenue $287
TOTAL REVENUE $328,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $191,985
Fundraising Expenses $0
Program Expenses $119,972
Other Expenses $26,211
TOTAL EXPENSES $218,196

Year-over-Year Comparison

2024 2023 Change
Revenue $328,419 $343,627 0.0%
Expenses $218,196 $215,863 +0.0%
Net Income $110,223 $127,764 -0.1%
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
6
Independent Members
6
Employees
3
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
4
$78,448
Total Directors
3
$0
Key Employees
1
$78,448
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
INGRID LONDONO GENERAL MANAGER 40.00
Officer Key Emp
$78,448 $0 $78,448
JAMES W BARTLETT III DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL DERBY DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL REAGOSO DIRECTOR 0.00
Director
$0 $0 $0
CAPTAIN ERIC A NIELSEN PRESIDENT 0.00
Officer
$0 $0 $0
RUPERT DENNEY TREASURER 0.00
Officer
$0 $0 $0
DAVID CHENOWITH VICE PRESIDENT 0.00
Officer
$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 $328,419 $218,196 $901,359 $110,223
2023 $343,627 $215,863 $776,769 $127,764
2022 $338,039 $206,291 $636,668 $131,748
2021 $355,604 $169,016 $527,416 $186,588
2020 $280,860 $198,208 $337,211 $82,652
2019 $376,363 $288,030 $246,146 $88,333
2018 $338,587 $389,980 $161,245 $-51,393
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