MARITIME MINISTRIES INC (EIN 541604155) - 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

1991

Legal Domicile

Principal Officer

Dan Smith

Phone

3366810575

Tax Period

2024-01-01 to 2024-12-31

MARITIME MINISTRIES INC, founded in 1991, is a small nonprofit in the Religion sector that reported $213K in total revenue in fiscal year 2024. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 34% operating margin.

Mission

We serve the local church by facilitating adventure and discipleship through use of sailboats on the waterways, rivers and seas. We serve the cruising community in practical and tangible ways, being "salt and light". We share the Gospel with all that we come in contact with. We use our boats as conversation openers and as a methodology to make new friends who may share our passion for the sea.

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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 $212,769

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $212,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,444

Fundraising Expenses $0

Program Expenses $75,489

Other Expenses $103,682

TOTAL EXPENSES $140,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,780	$96,337	+1.2%
Expenses	$140,126	$112,771	+0.2%
Net Income	$72,654	$-16,434	-5.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$15,439

Total Directors

$15,439

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Whipple	Treasurer	5	Officer Director	$15,439	$0	$15,439
Dan Smith	President	40	Officer Director	$0	$0	$0
Daniel Bowers	Board Member	3	Director	$0	$0	$0
Dave Stadler	Board Member	2	Director	$0	$0	$0
Chester Sink	Board Member	2	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	$212,780	$140,126	$188,947	$72,654

MARITIME MINISTRIES INC