NATIONAL MARINE INST INC (EIN 650648011) - 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

1998

Legal Domicile

Principal Officer

CAROLE KAMERLING

Phone

9542630576

Tax Period

2024-01-01 to 2024-12-31

NATIONAL MARINE INST INC, founded in 1998, is a micro nonprofit in the Education sector that reported $25K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $209K exceeded revenue, resulting in a 731% operating deficit.

Mission

ENVIROMENTAL EDUCATION GRADES 6 THROUGH 8

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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 $25,115

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $25,115

Expense Breakdown

Grants Paid $200

Salaries & Benefits $23,259

Fundraising Expenses $9,046

Program Expenses $40,679

Other Expenses $185,211

TOTAL EXPENSES $208,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,115	$103,399	-0.8%
Expenses	$208,670	$99,322	+1.1%
Net Income	$-183,555	$4,077	-46.0%

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

N/A

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

$21,600

Total Directors

$21,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE KAMERLING	EXECUTIVE DIRECTOR	15.00	Officer Director	$21,600	$0	$21,600
FRANK KAMERLING	DIRECTOR	2.00	Officer Director	$0	$0	$0
LINDA PICCIOLO	DIRECTOR	2.00	Officer 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	$25,115	$208,670	$109,863	$-183,555
2023	$103,399	$99,322	$148,589	$4,077
2022	$105,551	$147,159	$120,283	$-41,608
2021	$245,440	$188,673	$165,904	$56,767
2020	$173,760	$45,927	$140,310	$127,833
2020	$208,656	$166,239	$136,984	$42,417

NATIONAL MARINE INST INC