MARINE INDUSTRIES ASSOCIATION OF T… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

DAN ROMENCE

Phone

7726927599

Tax Period

2023-07-01 to 2024-06-30

MARINE INDUSTRIES ASSOCIATION OF THE TREASURE COAST INC, founded in 1974, is a small nonprofit that reported $267K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 22% operating margin.

Mission

TO PROMOTE, PROTECT, AND GROW MARINE RELATED BUSINESS AND RECREATIONAL BOATING INTERESTS IN THE FLORIDA COUNTIES OF INDIAN RIVER, ST. LUCIE, MARTIN, AND OKEECHOBEE.

Program Service Accomplishments

Program 1

BOAT SHOWS AND PROMOTIONAL EVENTS ALONG THE TREASURE COAST TO ADVOCATE FOR CLEAN WATERWAYS, NAVIGABLE PASSAGEWAYS, OCEAN ACCESS, AND POLICIES SUPPORTING MARINE BUSINESSES AND THE BOATING PUBLIC.

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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 $30,000

Program Service Revenue $224,961

Investment Income $11,992

Other Revenue $0

TOTAL REVENUE $266,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $207,896

TOTAL EXPENSES $207,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,953	$177,585	+0.5%
Expenses	$207,896	$206,445	+0.0%
Net Income	$59,057	$-28,860	-3.0%

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

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

N/A

Volunteers

14500

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS DEMPSEY	PAST PRESIDE	5.00	Officer Director	$0	$0	$0
SEAN EBERSOLD	TREASURER	5.00	Officer Director	$0	$0	$0
ROBERT MAC KEEN	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DAN ROMENCE	SECRETARY	5.00	Officer Director	$0	$0	$0
TOM WHITTINGTON	PRESIDENT	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	No data	No data	No data	No data
2024	$266,953	$207,896	$400,344	$59,057

MARINE INDUSTRIES ASSOCIATION OF THE TREASURE COAST INC