INSTITUTE FOR MARINE MAMMAL STUDIES INC

EIN: 640706659 501(c)(3) Science & Technology

GULFPORT, MS

Total Revenue
$3,905,374
Total Expenses
$4,989,329
Total Assets
$16,415,828
Net Assets
$15,680,173
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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
1984
Legal Domicile
MS
Principal Officer
DR MOBASHIR MOBY A SO
Phone
2288969182
Tax Period
2024-08-01 to 2025-07-31

INSTITUTE FOR MARINE MAMMAL STUDIES INC, founded in 1984, is a community nonprofit in the Science & Technology sector that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $5.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

EDUCATION, RESEARCH, CONSERVATION, AND PUBLIC DISPLAY OF MARINE ANIMALS AND THEIR ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $3,702,975 Revenue: $1,517,170

EDUCATION, CONSERVATION, AND RESEARCH IN A MARINE ENVIRONMENT RELATIVE TO THE STUDY OF MARINE ANIMALS. PROVIDES STUDIES TO THE FEDERAL AND STATE GOVERNMENTS AND PUBLIC AND PRIVATE INSTITUTIONS...

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EDUCATION, CONSERVATION, AND RESEARCH IN A MARINE ENVIRONMENT RELATIVE TO THE STUDY OF MARINE ANIMALS. PROVIDES STUDIES TO THE FEDERAL AND STATE GOVERNMENTS AND PUBLIC AND PRIVATE INSTITUTIONS RELATED TO MARINE ANIMALS, HABITATS, COASTAL ECO SYSTEMS, POTENETIAL IMPACT TO HUMANS, RELIEF FOR STRANDED DOLPHINS AND SEA TURTLES. PROVIDES TRAINING & EDUCATION FOR UNIVERSITY LEVEL STUDENTS, ASSISTS WITH UNIVERSITY RESEARCH PROGRAMS. PROVIDES EDUCATIONAL EXPERIENCES TO THE GENERAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,358,109
Program Service Revenue $1,214,979
Investment Income $30,095
Other Revenue $302,191
TOTAL REVENUE $3,905,374

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,352,519
Fundraising Expenses $0
Program Expenses $3,702,975
Other Expenses $2,636,810
TOTAL EXPENSES $4,989,329

Year-over-Year Comparison

2024 2023 Change
Revenue $3,905,374 $3,422,944 +0.1%
Expenses $4,989,329 $4,978,716 +0.0%
Net Income $-1,083,955 $-1,555,772 -0.3%
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

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Governance

Voting Members
5
Independent Members
3
Employees
114
Volunteers
50

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
2
$328,621
Total Directors
5
$328,621
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MOBASHIR MOBY A SOLANGI PRESIDENT AND CEO 40.00
Officer Director
$197,421 $0 $197,421
SAMIA S AHMAD VICE PRESIDENT AND CFO 40.00
Officer Director
$131,200 $0 $131,200
DR DELPHINE SHANNON DIRECTOR 0.50
Director
$0 $0 $0
DR JOSEPH ALEXANDER DIRECTOR 0.50
Director
$0 $0 $0
ELLIE ROCHE 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
2025 $3,905,374 $4,989,329 $16,415,828 $-1,083,955
2024 $3,422,944 $4,978,716 $17,465,444 $-1,555,772
2023 $4,596,393 $4,716,280 $19,071,328 $-119,887
2022 $3,709,516 $4,559,046 $18,991,140 $-849,530
2021 $3,749,740 $4,035,806 $19,761,965 $-286,066
2020 $3,067,811 $3,984,134 $19,968,518 $-916,323
2019 $3,247,224 $4,275,682 $20,373,964 $-1,028,458
2018 $3,883,577 $4,403,450 $21,402,987 $-519,873
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