MARINE INDUSTRIES ASSOCIATION OF PALM BEACH COUNTY INC (EIN 592834931) - 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

1985

Legal Domicile

Principal Officer

AUSTIN BURKETT

Phone

5618630012

Tax Period

2024-01-01 to 2024-12-31

MARINE INDUSTRIES ASSOCIATION OF PALM BEACH COUNTY INC, founded in 1985, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $740K, a strong 28% operating margin.

Mission

THE VOICE OF PALM BEACH COUNTY'S BOATING COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,361,319

Investment Income $246,722

Other Revenue $0

TOTAL REVENUE $2,608,041

Expense Breakdown

Grants Paid $637,578

Salaries & Benefits $249,405

Fundraising Expenses $0

Other Expenses $980,932

TOTAL EXPENSES $1,867,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,608,041	$2,027,942	+0.3%
Expenses	$1,867,915	$1,305,451	+0.4%
Net Income	$740,126	$722,491	+0.0%

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

Volunteers

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

$113,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN BURKETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
TAMRA FITZGERALD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RAY GRAZIOTTO	SEC/TREASURER	1.00	Director	$0	$0	$0
JANET ZIMMERMAN	TREASURER	1.00	Director	$0	$0	$0
MALLORY DOREMUS	DIRECTOR	1.00	Director	$0	$0	$0
TINO GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE GENTILE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN E MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
DOUG WEST	DIRECTOR	1.00	Director	$0	$0	$0
RICK KOZELL	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA FREEMAN	EXECUTIVE DIRECTOR	40.00	Officer	$106,400	$6,623	$113,023

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	$2,608,041	$1,867,915	$5,087,220	$740,126
2023	$2,027,942	$1,305,451	$4,305,015	$722,491
2022	$1,628,732	$1,057,091	$3,480,782	$571,641
2021	$1,388,336	$896,888	$2,936,085	$491,448
2020	$143,684	$778,265	$2,436,600	$-634,581
2019	$1,365,470	$806,255	$3,032,191	$559,215
2018	$1,062,986	$654,524	$2,464,537	$408,462

MARINE INDUSTRIES ASSOCIATION OF PALM BEACH COUNTY INC