MOTE MARINE LABORATORY INC (EIN 590756643) - 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

1955

Legal Domicile

Principal Officer

MICHAEL P CROSBY PHD

Phone

9413884441

Tax Period

2023-10-01 to 2024-09-30

MOTE MARINE LABORATORY INC, founded in 1955, is a mid-sized nonprofit that reported $80.0M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40.5M, a strong 51% operating margin.

Mission

ADVANCING THE SCIENCE OF THE SEA THROUGH RESEARCH, EDUCATION AND OUTREACH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $27,828,032

Program Service Revenue $51,752,391

Investment Income $5,492

Other Revenue $421,457

TOTAL REVENUE $80,007,372

Expense Breakdown

Grants Paid $535,996

Salaries & Benefits $20,172,761

Fundraising Expenses $2,219,381

Program Expenses $33,925,401

Other Expenses $18,775,527

TOTAL EXPENSES $39,484,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,007,372	$54,958,764	+0.5%
Expenses	$39,484,284	$36,250,941	+0.1%
Net Income	$40,523,088	$18,707,823	+1.2%

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

357

Volunteers

1537

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

$610,130

Total Directors

$464,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BRIZDLE	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD O DONEGAN	TRUSTEE AT LARGE	5.00	Director	$0	$0	$0
N ROGAN DONELLY	TRUSTEE	5.00	Director	$0	$0	$0
DEAN EISNER	TRUSTEE	5.00	Director	$0	$0	$0
JAMES D ERICSON	TRUSTEE	5.00	Director	$0	$0	$0
DONALD FEATHERMAN	TRUSTEE	5.00	Director	$0	$0	$0
SUSAN C GILMORE	TRUSTEE	5.00	Director	$0	$0	$0
ROD HERSHBERGER	TRUSTEE	5.00	Director	$0	$0	$0
BARBARA JENNINGS	TRUSTEE	5.00	Director	$0	$0	$0
PENELOPE KINGMAN	TRUSTEE	5.00	Director	$0	$0	$0
JONATHAN MITCHELL	TRUSTEE	5.00	Director	$0	$0	$0
SUSAN MOLINARI	TRUSTEE	5.00	Director	$0	$0	$0
ELIZABETH MOORE	TRUSTEE	5.00	Director	$0	$0	$0
LTC FRANCES PRESLEY RICE	TRUSTEE	5.00	Director	$0	$0	$0
ALAN ROSE	TRUSTEE	5.00	Director	$0	$0	$0
DR HARRIS SILVERMAN	TRUSTEE	5.00	Director	$0	$0	$0
JEANIE STEVENSON	TRUSTEE	5.00	Director	$0	$0	$0
EUGENE BECKSTEIN	CHAIRMAN EMERITUS	5.00	Director	$0	$0	$0
ROBERT CARTER	CHAIRMAN EMERITUS	5.00	Director	$0	$0	$0
FREDERICK M DERR PE	CHAIRMAN EMERITUS	5.00	Director	$0	$0	$0
ROBERT ESSNER	CHAIRMAN EMERITUS	5.00	Director	$0	$0	$0
JUDY GRAHAM	CHAIRMAN EMERITUS	5.00	Director	$0	$0	$0
G LOWE MORRISON	CHAIRMAN EMERITUS TO MAY	5.00	Director	$0	$0	$0
DR HOWARD SEIDER	CHAIRMAN EMERITUS	5.00	Director	$0	$0	$0
MAURICE CUNNIFFE	IMMED. PAST CHAIRMAN	5.00	Director	$0	$0	$0
SANDRA STUART	CHAIRMAN	5.00	Officer Director	$0	$0	$0
HOBART SKIP SWAN	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
R SCOTT COLLINS	TREASURER	5.00	Officer Director	$0	$0	$0
DR ANDREW ECONOMOS	SECRETARY	5.00	Officer Director	$0	$0	$0
MICHAEL P CROSBY PHD	PRESIDENT/CEO	40.00	Officer Director	$437,501	$27,009	$464,510
DEBORAH ALLEN SCHULTZ	CFO & VICE PRESIDENT	40.00	Officer	$134,889	$5,731	$145,620
MICHAEL MOORE	SPECIAL ASST TO PRESIDE	40.00	Highest	$205,888	$16,204	$222,092
DANIEL BEBAK	VICE PRESIDENT	40.00	Highest	$156,796	$13,360	$170,156
RICHARD PIERCE PHD	ASSISTANT VICE PRESIDENT	40.00	Highest	$171,342	$13,451	$184,793
KEVIN COOPER	VICE PRESIDENT	40.00	Highest	$174,779	$15,460	$190,239
DEMIAN D CHAPMAN	SR. SCIENTIST	40.00	Highest	$168,219	$14,298	$182,517

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	$80,007,372	$39,484,284	$200,983,432	$40,523,088
2023	$54,958,764	$36,250,941	$137,849,757	$18,707,823
2022	$47,804,418	$31,417,182	$99,691,252	$16,387,236
2021	$43,949,179	$27,310,456	$89,374,778	$16,638,723
2020	$34,937,768	$24,546,820	$72,264,285	$10,390,948
2019	$28,057,028	$22,719,853	$59,750,581	$5,337,175
2018	$20,947,954	$22,362,455	$54,216,063	$-1,414,501

MOTE MARINE LABORATORY INC