Port Canaveral Marine Firefighting Training Academy Inc (EIN 593466999) - 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

1997

Legal Domicile

Principal Officer

David J Sargeant

Phone

3217834424

Tax Period

2023-10-01 to 2024-09-30

Port Canaveral Marine Firefighting Training Academy Inc, founded in 1997, is a small nonprofit in the Health Care sector that reported $253K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

Provide marine firefighting and life safety training and instruction to the maritime community, shipboard and shoreside firefighters and emergency response personnel in support of the Canaveral Port Authority.

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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 $0

Program Service Revenue $253,279

Investment Income $0

Other Revenue $0

TOTAL REVENUE $253,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,027

Fundraising Expenses $0

Program Expenses $255,203

Other Expenses $32,911

TOTAL EXPENSES $255,938

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,279	$275,920	-0.1%
Expenses	$255,938	$264,302	0.0%
Net Income	$-2,659	$11,618	-1.2%

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

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

$172,487

Total Directors

$110,448

Key Employees

$83,705

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Sargeant	President/Director	002.00	Officer	$0	$0	$172,487
Larry M Holly	Treasurer/Director	004.00	Director	$3,346	$0	$110,448
Brian K Dennison	Program Director	060.00	Key Emp Highest	$83,705	$0	$83,705
Christopher J Comstock	Chairman/Director	001.00	Director	$0	$0	$0
Robert J Weiner	Vice Chair/Director	001.00	Director	$0	$0	$0
Robert Furci	Vice Treasurer/Director	001.00	Director	$0	$0	$0
Brian Teek	Secretary/Director	004.00	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
2024	$253,279	$255,938	$31,558	$-2,659
2023	$275,920	$264,302	$34,217	$11,618
2022	$179,771	$211,742	$22,499	$-31,971
2021	$125,077	$146,853	$47,691	$-21,776
2020	$173,237	$168,179	$63,792	$5,058
2019	$187,932	$180,823	$58,734	$7,109
2018	$91,555	$95,700	$51,625	$-4,145

Port Canaveral Marine Firefighting Training Academy Inc