MOTE MARINE FOUNDATION INC

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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

1982

Legal Domicile

Principal Officer

MICHAEL P CROSBY PHD

Phone

9413884441

Tax Period

2023-10-01 to 2024-09-30

MOTE MARINE FOUNDATION INC, founded in 1982, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 292% from the prior year, signaling strong growth momentum. Expenses of $6.5M exceeded revenue, resulting in a 190% operating deficit.

Mission

MOTE MARINE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION OPERATING AS A FUND-RAISING ARM TO PROVIDE FUNDING FOR SCIENTIFIC AND EDUCATION PROGRAMS AT MOTE MARINE LABORATORY, INC.

Program Service Accomplishments

Program 1

Expenses: $6,402,892

GRANTS TO SUPPORT SCIENTIFIC AND EDUCATION PROGRAMS AT MOTE MARINE LABORATORY, INC.

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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 $2,502

Program Service Revenue $0

Investment Income $2,231,794

Other Revenue $0

TOTAL REVENUE $2,234,296

Expense Breakdown

Grants Paid $6,402,892

Salaries & Benefits $5,000

Fundraising Expenses $0

Program Expenses $6,402,892

Other Expenses $73,148

TOTAL EXPENSES $6,481,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,234,296	$569,929	+2.9%
Expenses	$6,481,040	$507,529	+11.8%
Net Income	$-4,246,744	$62,400	-69.1%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$610,130

Total Directors

$464,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENE BECKSTEIN	CHAIRMAN EMERITUS	0.25	Director	$0	$0	$0
SCOTT COLLINS	TRUSTEE	0.25	Director	$0	$0	$0
DON FEATHERMAN	TRUSTEE/ADVISORY COUNSEL	0.25	Director	$0	$0	$0
JUDY GRAHAM	CHAIRMAN EMERITUS	0.25	Director	$0	$0	$0
JEAN MARTIN	TRUSTEE	0.25	Director	$0	$0	$0
ALAN ROSE	TRUSTEE	0.25	Director	$0	$0	$0
SANDI STUART	TRUSTEE	0.25	Director	$0	$0	$0
ROBERT ESSNER	CHAIRMAN THRU DEC 2023	0.25	Officer Director	$0	$0	$0
HOWARD SEIDER JR	CHAIRMAN EFF. JAN 2024	0.25	Officer Director	$0	$0	$0
MO CUNNIFFE	VICE CHAIR EFF. JAN 2024	0.25	Officer Director	$0	$0	$0
DR MICHAEL P CROSBY PHD	PRESIDENT/CEO	0.25	Officer Director	$0	$27,009	$464,510
DEBORAH ALLEN SCHULTZ	SECRETARY/TREASURER	5.00	Officer	$5,000	$5,731	$145,620

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	$2,234,296	$6,481,040	$16,681,722	$-4,246,744
2023	$569,929	$507,529	$19,043,985	$62,400
2022	$792,571	$545,578	$16,955,683	$246,993
2021	$1,476,799	$609,181	$21,207,644	$867,618
2020	$620,782	$1,070,329	$17,861,086	$-449,547
2019	$1,022,264	$700,146	$16,981,926	$322,118
2018	$727,095	$821,082	$17,017,064	$-93,987