PASSENGER VESSEL FOUNDATION INC (EIN 521880605) - 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

1994

Legal Domicile

Phone

8887886556

Tax Period

2024-01-01 to 2024-12-31

PASSENGER VESSEL FOUNDATION INC, founded in 1994, is a micro nonprofit in the Science & Technology sector that reported $76K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $40K, a strong 53% operating margin.

Mission

THE FOUNDATION WAS BEGUN TO INSURE THAT THE PASSENGER VESSEL INDUSTRY CONTINUED WITH ITS DEDICATION TO CONTINUE FURTHERING EDUCATION AND DEVELOPMENT OF SAFETY RESOURCES.

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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 $53,976

Program Service Revenue $0

Investment Income $21,775

Other Revenue $0

TOTAL REVENUE $75,751

Expense Breakdown

Grants Paid $31,326

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,778

Other Expenses $4,634

TOTAL EXPENSES $35,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,751	$69,118	+0.1%
Expenses	$35,960	$14,264	+1.5%
Net Income	$39,791	$54,854	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ROBERT MCMAHON JR	PRESIDENT	Officer Director	$0	$0	$0
ALAN BERNSTEIN	TREASURER	Officer Director	$0	$0	$0
TERRY WIRGINIS	SECRETARY	Officer Director	$0	$0	$0
ERIK BOMBARD	TRUSTEE	Director	$0	$0	$0
JENNY GEZELLA	TRUSTEE	Director	$0	$0	$0
FREDERICK HALL	TRUSTEE	Director	$0	$0	$0
TROY MANTHEY	TRUSTEE	Director	$0	$0	$0
PATRICK MURPHY	TRUSTEE	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
2024	$75,751	$35,960	$1,022,991	$39,791
2023	$69,118	$14,264	$889,789	$54,854
2022	$66,555	$25,731	$728,588	$40,824
2021	$50,282	$22,524	$837,773	$27,758
2020	$184,417	$42,027	$719,157	$142,390

PASSENGER VESSEL FOUNDATION INC