Marine Technology Society Inc (EIN 520805471) - 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

1963

Legal Domicile

Principal Officer

Chris Ostrander

Phone

2028277171

Tax Period

2024-07-01 to 2025-06-30

Marine Technology Society Inc, founded in 1963, is a community nonprofit in the Science & Technology sector that reported $6.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $974K, a strong 16% operating margin.

Mission

To promote awareness, understanding, advancement and application of marine technology.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,950,596

Program Service Revenue $2,145,983

Investment Income $648,032

Other Revenue $381,849

TOTAL REVENUE $6,126,460

Expense Breakdown

Grants Paid $428,318

Salaries & Benefits $1,807,869

Fundraising Expenses $0

Program Expenses $4,299,240

Other Expenses $2,916,459

TOTAL EXPENSES $5,152,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,126,460	$5,367,102	+0.1%
Expenses	$5,152,646	$4,697,357	+0.1%
Net Income	$973,814	$669,745	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

175

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

$338,015

Total Directors

Key Employees

$169,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Hunt	President	1.00	Officer Director	$0	$0	$0
Gerhard Kuska began 112025	President Elect	1.00	Officer Director	$0	$0	$0
Justin Manley	Past President	1.00	Officer Director	$0	$0	$0
Jerry Miller	VP of Government and Public Affairs	1.00	Officer Director	$0	$0	$0
Josh Kohut	VP of Education	1.00	Officer Director	$0	$0	$0
Debbi Kill	VP of Budget and Finance	1.00	Officer Director	$0	$0	$0
Katharine Weathers	VP of Section Affairs	1.00	Officer Director	$0	$0	$0
Steve Hall	VP of Publications & Communications	1.00	Officer Director	$0	$0	$0
David Golden	VP of MATE	1.00	Officer Director	$0	$0	$0
Hannah Toerner began 112025	VP of ECOPs	1.00	Officer Director	$0	$0	$0
Jim Hanlon	VP of Research and Technology	1.00	Officer Director	$0	$0	$0
William Brennan began 62724	VP of Ocean Exchange	1.00	Officer Director	$0	$0	$0
Zdenka Willis ended 123124	Past President	1.00	Officer Director	$0	$0	$0
Richard Crout ended 123124	VP of Section Affairs	1.00	Officer Director	$0	$0	$0
Chris Ostrander	Chief Executive Officer	40.00	Officer	$295,431	$42,584	$338,015
Jill Zande	MATE Executive Director	40.00	Key Emp	$159,171	$10,029	$169,200
Kristina Norman	Sr. Director of Operations & Events	40.00	Highest	$128,549	$7,812	$136,361
Claire Idell	Sr. Dir, Engagement/Member Relations	40.00	Highest	$116,012	$32,044	$148,056

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	$6,126,460	$5,152,646	$10,370,544	$973,814
2024	$5,367,102	$4,697,357	$8,933,159	$669,745
2023	$2,309,568	$2,575,486	$7,350,561	$-265,918
2022	$1,889,360	$1,776,751	$7,132,686	$112,609
2021	$493,560	$1,217,947	$8,187,067	$-724,387
2020	$2,252,266	$2,507,475	$7,406,627	$-255,209
2019	$2,871,813	$2,840,068	$8,618,824	$31,745
2018	$2,983,768	$3,178,979	$8,619,694	$-195,211

Marine Technology Society Inc