CHARLES F CHAPMAN SCHOOL OF SEAMANSHIP INC

EIN: 591416396 501(c)(3) Science & Technology

STUART, FL

Total Revenue
$2,753,275
Total Expenses
$2,576,255
Total Assets
$5,193,158
Net Assets
$4,710,060
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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
1972
Legal Domicile
FL
Principal Officer
F SHIELDS MCMANUS
Phone
7722838130
Tax Period
2024-10-01 to 2025-09-30

CHARLES F CHAPMAN SCHOOL OF SEAMANSHIP INC, founded in 1972, is a community nonprofit in the Science & Technology sector that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.6M left a modest 6% surplus.

Mission

TO MEET THE CHANGING AND EXPANDING EDUCATIONAL AND TRAINING NEEDS OF PROFESSIONAL MARINERS AND OTHER MARINE INDUSTRY SPECIALISTS AS WELL AS SERIOUS RECREATIONAL BOATING FOR MEN AND WOMEN

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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 $494,101
Program Service Revenue $2,189,931
Investment Income $38,588
Other Revenue $30,655
TOTAL REVENUE $2,753,275

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,100,087
Fundraising Expenses $116,241
Program Expenses $2,195,280
Other Expenses $1,476,168
TOTAL EXPENSES $2,576,255

Year-over-Year Comparison

2024 2023 Change
Revenue $2,753,275 $2,601,848 +0.1%
Expenses $2,576,255 $2,295,399 +0.1%
Net Income $177,020 $306,449 -0.4%
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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Governance

Voting Members
15
Independent Members
14
Employees
21
Volunteers
6

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
4
$0
Total Directors
15
$100,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES W ALLEN II EXECUTIVE DI 40.00
Director
$100,000 $0 $100,000
JOE BEDITZ TRUSTEE 0.50
Director
$0 $0 $0
BOB BERNSTEIN TRUSTEE 0.50
Director
$0 $0 $0
JUSTIN D'ANGELO TRUSTEE 0.50
Director
$0 $0 $0
THOMAS E DANTI VICE PRESIDE 0.50
Officer Director
$0 $0 $0
SHAUN T PLYMALE ESQ GENERAL COUN 0.50
Director
$0 $0 $0
JENNIFER CASTLE FIELD TRUSTEE 0.50
Director
$0 $0 $0
DANIEL KUSHNER TRUSTEE 0.50
Director
$0 $0 $0
GREG MICHAEL TRUSTEE 0.50
Director
$0 $0 $0
F SHIELDS MCMANUS PRESIDENT 0.50
Officer Director
$0 $0 $0
KYLE OFFRINGA TREASURER 0.50
Officer Director
$0 $0 $0
RUTH PIETRUSZEWSKI TRUSTEE 0.50
Director
$0 $0 $0
ALETA SMITH SECRETARY 0.50
Officer Director
$0 $0 $0
THOMAS E WHITTINGTON TRUSTEE 0.50
Director
$0 $0 $0
CHARLES K WILCOX TRUSTEE 0.50
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 $2,753,275 $2,576,255 $5,193,158 $177,020
2024 $2,601,848 $2,295,399 $5,050,628 $306,449
2023 $2,158,360 $2,446,109 $4,637,803 $-287,749
2022 $2,226,904 $2,220,785 $4,982,985 $6,119
2021 $2,088,465 $2,246,474 $4,984,714 $-158,009
2020 $1,826,980 $2,225,786 $4,987,515 $-398,806
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