NATIONAL OCEAN INDUSTRIES ASSOCIATION

EIN: 526067118

WASHINGTON, DC

Total Revenue
$3,963,758
Total Expenses
$3,630,489
Total Assets
$3,619,314
Net Assets
$2,707,049
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
DC
Principal Officer
ERIK MILITO
Phone
2023476900
Tax Period
2024-01-01 to 2024-12-31

NATIONAL OCEAN INDUSTRIES ASSOCIATION, founded in 1972, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 8% surplus.

Mission

NOIA REPRESENTS AND ADVANCES A DYNAMIC AND GROWING OFFSHORE ENERGY INDUSTRY, PROVIDING SOLUTIONSTHAT SUPPORT COMMUNITIES AND PROTECT OUR WORKERS, THE PUBLIC AND OUR ENVIRONMENT.

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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 $105,500
Program Service Revenue $3,739,583
Investment Income $127,162
Other Revenue $-8,487
TOTAL REVENUE $3,963,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,076,903
Fundraising Expenses $0
Program Expenses $3,127,465
Other Expenses $1,553,586
TOTAL EXPENSES $3,630,489

Year-over-Year Comparison

2024 2023 Change
Revenue $3,963,758 $3,665,015 +0.1%
Expenses $3,630,489 $3,500,648 +0.0%
Net Income $333,269 $164,367 +1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
49
Independent Members
49
Employees
6
Volunteers
49

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
5
$1,196,492
Total Directors
49
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDY KRIEGER BOARD MEMBER 1.00
Director
$0 $0 $0
ERIK OSWALD BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID BARTON BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID CHERECHINSKY BOARD MEMBER 1.00
Director
$0 $0 $0
KARTHIK ANNADORAI BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GELLERT BOARD MEMBER 1.00
Director
$0 $0 $0
CELINE GERSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS BRADSHAW BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC HAMBLY BOARD MEMBER 1.00
Director
$0 $0 $0
CLAY THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
LANIS BELAIRE BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA GUICHARD BOARD MEMBER 1.00
Director
$0 $0 $0
TIMOTHY S DUNCAN BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL DANOS CHAIRMAN 1.00
Officer Director
$0 $0 $0
LOREN FOWLER BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER GOLDEN BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG BROUSSARD BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT GROS BOARD MEMBER 1.00
Director
$0 $0 $0
RODERICK A LARSON BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN LANDES VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MIKE MCCAULEY BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HAJOVSKY BOARD MEMBER 1.00
Director
$0 $0 $0
LEE JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES HINCH BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT OZENNE BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD KIRKLAND BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM LANGIN BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY LECHINGER BOARD MEMBER 1.00
Director
$0 $0 $0
JOE LEIMKUHLER BOARD MEMBER 1.00
Director
$0 $0 $0
CHET MORRISON BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT MOSES BOARD MEMBER 1.00
Director
$0 $0 $0
CLIFFE LABORDE BOARD MEMBER 1.00
Director
$0 $0 $0
CASEY STEWART TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD LYNCH BOARD MEMBER 1.00
Director
$0 $0 $0
W DAVID DE ROODE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER MEDCALF BOARD MEMBER 1.00
Director
$0 $0 $0
JOE POPE BOARD MEMBER 1.00
Director
$0 $0 $0
COURT RAMSAY BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID REID BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES K WICKLUND BOARD MEMBER 1.00
Director
$0 $0 $0
BILL NEW BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC ZIMMERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARK RICHARD BOARD MEMBER 1.00
Director
$0 $0 $0
NILOY SHAH BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL ARCHER BOARD MEMBER 1.00
Director
$0 $0 $0
TODD LEE BOARD MEMBER 1.00
Director
$0 $0 $0
NEAL SHAH BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA VANZKE BOARD MEMBER 1.00
Director
$0 $0 $0
ERIK MILITO PRESIDENT 40.00
Officer
$795,630 $87,786 $883,416
CATHERINE BROWN CHIEF OPERATING OFFICER 40.00
Officer
$267,646 $45,430 $313,076
ASHLEY PARKINS DIRECTOR, MEETINGS AND EVE 40.00
Highest
$200,500 $40,085 $240,585
JUSTIN WILLIAMS VP, COMMUNICATIONS 40.00
Highest
$246,911 $22,563 $269,474
MATTHEW GIACONA VP, GOVERNMENT AFFAIRS 40.00
Highest
$235,575 $24,325 $259,900
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 $3,963,758 $3,630,489 $3,619,314 $333,269
2023 $3,665,015 $3,500,648 $3,664,016 $164,367
2022 $3,657,101 $3,506,182 $3,487,657 $150,919
2021 $2,733,209 $2,653,820 $2,372,427 $79,389
2020 $2,755,080 $2,289,955 $2,292,753 $465,125
2019 $3,383,062 $2,875,639 $1,828,101 $507,423
2018 $2,300,377 $2,938,406 $1,157,267 $-638,029
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