INSTITUTE OF DIVING

EIN: 591765521 501(c)(3)

PANAMA CITY BEACH, FL

Total Revenue
$192,458
Total Expenses
$161,322
Total Assets
$1,266,612
Net Assets
$1,266,604
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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
1977
Legal Domicile
FL
Principal Officer
JOSEPH HOWARD
Phone
6195595888
Tax Period
2025-01-01 to 2025-12-31

INSTITUTE OF DIVING, founded in 1977, is a small nonprofit that reported $192K in total revenue in fiscal year 2025. The organization ran a surplus of $31K, a strong 16% operating margin.

Mission

TO PROVIDE ACCESS TO UNDERWATER TECHNOLOGY FOR THE BENEFIT OF EDUCATING INTERESTED INDIVIDUALS.

Program Service Accomplishments

Program 1
Expenses: $161,322 Revenue: $164,867

TO PROVIDE ACCESS TO UNDERWATER TECHNOLOGY FOR THE BENEFIT OF EDUCATING INTERESTED INDIVIDUALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $91,457
Program Service Revenue $48,968
Investment Income $119
Other Revenue $51,914
TOTAL REVENUE $192,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $69,680
Fundraising Expenses $0
Program Expenses $161,322
Other Expenses $91,642
TOTAL EXPENSES $161,322

Year-over-Year Comparison

2025 2024 Change
Revenue $192,458 $189,875 +0.0%
Expenses $161,322 $162,191 0.0%
Net Income $31,136 $27,684 +0.1%
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
6
Independent Members
6
Employees
4
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
6
$35,920
Total Directors
6
$35,920
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE J MULHOLLAND Executive Dir. 30.00
Officer Director
$35,920 $0 $35,920
STEPHEN GREIER SR BOARD MBR 10.00
Officer Director
$0 $0 $0
JOSEPH HOWARD President 5.00
Officer Director
$0 $0 $0
BETH DUFFY Secretary 5.00
Officer Director
$0 $0 $0
BRIAN PRATSCHNER Vice President 5.00
Officer Director
$0 $0 $0
BRIAN THOMPSON SR BOARD MBR 5.00
Officer 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 $192,458 $161,322 $1,266,612 $31,136
2024 $189,875 $162,191 $1,236,516 $27,684
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