Marine Gas Hazards Control Program (EIN 521171545) - 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

1979

Legal Domicile

Principal Officer

Joseph J Cox

Phone

2026694441

Tax Period

2025-01-01 to 2025-12-31

Marine Gas Hazards Control Program, founded in 1979, is a small nonprofit that reported $815K in total revenue in fiscal year 2025. Expenses of $1.0M exceeded revenue, resulting in a 24% operating deficit.

Mission

To promote safety in the repair of marine vessels and facilities through support of the training, continuing education and certification of Marine Chemists engaged in the inspection of vessels and facilities to determine gas-free environments

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $777,030

Investment Income $37,579

Other Revenue $0

TOTAL REVENUE $814,609

Expense Breakdown

Grants Paid $784,438

Salaries & Benefits $59,970

Fundraising Expenses $0

Other Expenses $163,762

TOTAL EXPENSES $1,008,170

Year-over-Year Comparison

	2025	2024	Change
Revenue	$814,609	$831,883	0.0%
Expenses	$1,008,170	$777,934	+0.3%
Net Income	$-193,561	$53,949	-4.6%

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

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

$59,970

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Cox	President/Treasurer	30.00	Officer	$59,970	$0	$59,970
Edward Wilmot	VP/Sec	2.00	Officer Director	$0	$0	$0
Suzanne Limieux	Director	2.00	Director	$0	$0	$0
James Tighe	Director	2.00	Director	$0	$0	$0
Greg Grondin	Director	2.00	Director	$0	$0	$0
Joshua LaVire	Director	2.00	Director	$0	$0	$0
Kevin Cook	Director	2.00	Director	$0	$0	$0
Jack Cammarota	Director	2.00	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	$814,609	$1,008,170	$1,255,412	$-193,561
2024	$831,883	$777,934	$1,381,786	$53,949
2023	$809,682	$784,055	$1,273,005	$25,627
2022	$780,232	$781,201	$1,199,630	$-969
2021	$830,688	$544,002	$1,320,829	$286,686
2020	$827,538	$710,077	$1,034,143	$117,461
2019	$985,660	$704,053	$916,681	$281,607
2018	$1,000,302	$857,341	$622,574	$142,961

Marine Gas Hazards Control Program