Tampa Port Ministries Inc (EIN 593755480) - 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

2001

Legal Domicile

Principal Officer

Steve Finnesy

Phone

8132475237

Tax Period

2023-01-01 to 2023-12-31

Tampa Port Ministries Inc, founded in 2001, is a small nonprofit in the Human Services sector that reported $243K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $226K left a modest 7% surplus.

Mission

Provide for the physical, social and spiritual needs of seafarers on a daily basis, year round, by the means of Church worship services, ministering, clothing,

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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 $211,536

Program Service Revenue $31,677

Investment Income $0

Other Revenue $0

TOTAL REVENUE $243,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,108

Fundraising Expenses $1,629

Program Expenses $171,923

Other Expenses $65,354

TOTAL EXPENSES $226,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,213	$168,260	+0.4%
Expenses	$226,462	$192,581	+0.2%
Net Income	$16,751	$-24,321	-1.7%

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

$75,281

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Baker	Secretary	1.00	Officer Director	$0	$0	$0
Wade Elliott	Director	0.50	Director	$0	$0	$0
Al Kocot	Chairman of the Board	1.00	Officer Director	$0	$0	$0
Bart Azzarelli	Vice Chairman	0.50	Officer Director	$0	$0	$0
Beth Bennett	Director	0.50	Director	$0	$0	$0
Hank Ennis	Director	0.50	Director	$0	$0	$0
Steve Finnesy	Executive Director	40.00	Officer	$54,281	$21,000	$75,281
Jake English	Director	0.50	Director	$0	$0	$0
Brady Breaux	Director	0.50	Director	$0	$0	$0
Susan Perry	Director	0.50	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	No data	No data	No data	No data
2023	$243,213	$226,462	$280,255	$16,751
2022	$168,260	$192,581	$265,677	$-24,321
2021	$283,618	$194,177	$288,125	$89,441
2020	$146,685	$124,098	$216,353	$22,587
2019	$180,108	$148,179	$176,050	$31,929
2018	$151,871	$151,718	$144,175	$153

Tampa Port Ministries Inc