Maritime Institute for Research & Development

EIN: 521171303

Washington, DC

Total Revenue
$949,831
Total Expenses
$853,254
Total Assets
$148,314
Net Assets
$138,881
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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
1978
Legal Domicile
DC
Phone
2024636505
Tax Period
2025-01-01 to 2025-12-31

Maritime Institute for Research & Development, founded in 1978, is a small nonprofit that reported $950K in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $853K left a modest 10% surplus.

Mission

Conducting research and other related activities of concern to the American maritime industry; providing a forum for maritime labor and management to discuss and debate issues affecting the operation of US flag commercial vessels

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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 (2025)

Revenue Breakdown

Contributions & Grants $844,108
Program Service Revenue $0
Investment Income $0
Other Revenue $105,723
TOTAL REVENUE $949,831

Expense Breakdown

Grants Paid $0
Salaries & Benefits $576,898
Fundraising Expenses $0
Other Expenses $276,356
TOTAL EXPENSES $853,254

Year-over-Year Comparison

2025 2024 Change
Revenue $949,831 $758,779 +0.3%
Expenses $853,254 $758,793 +0.1%
Net Income $96,577 $-14 -6899.4%
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
9
Independent Members
9
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
1
$256,500
Total Directors
8
$0
Key Employees
1
$256,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
C James Patti President N/A
Officer Key Emp Highest
$256,500 $0 $256,500
Don Josberger Director N/A
Director
$0 $0 $0
Richard Balzano Director N/A
Director
$0 $0 $0
Ed Hanley Director N/A
Director
$0 $0 $0
Ingo Esders Director N/A
Director
$0 $0 $0
Dion Nicely Director N/A
Director
$0 $0 $0
Henry Nuzum Director N/A
Director
$0 $0 $0
Alexis Jurczak Director N/A
Director
$0 $0 $0
Ryan Pereyda Director N/A
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
2025 $949,831 $853,254 $148,314 $96,577
2024 $758,779 $758,793 $51,853 $-14
2023 $787,460 $773,751 $48,793 $13,709
2022 $782,101 $848,549 $28,658 $-66,448
2021 $794,686 $819,591 $95,136 $-24,905
2020 $823,250 $835,893 $120,222 $-12,643
2019 $787,882 $847,046 $133,213 $-59,164
2018 $768,182 $818,370 $192,377 $-50,188
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