ASSOCIATION OF DIVING CONTRACTORS INTERNATIONAL INC (EIN 720777902) - 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

1968

Legal Domicile

Principal Officer

PHILLIP A NEWSUM

Phone

2818938388

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF DIVING CONTRACTORS INTERNATIONAL INC, founded in 1968, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 12% surplus.

Mission

TO PROMOTE SAFETY, EDUCATION AND COMMUNICATION IN THE COMMERCIAL UNDERWATER INDUSTRY.

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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 $495,338

Program Service Revenue $772,159

Investment Income $1,791

Other Revenue $0

TOTAL REVENUE $1,269,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,302

Fundraising Expenses $0

Program Expenses $89,326

Other Expenses $749,547

TOTAL EXPENSES $1,116,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,269,288	$911,051	+0.4%
Expenses	$1,116,849	$881,289	+0.3%
Net Income	$152,439	$29,762	+4.1%

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

$206,933

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP A NEWSUM	EXECUTIVE DIRECTOR	65.00	Officer	$206,933	$0	$206,933
BRYAN NICHOLLS	PRESIDENT	20.00	Officer	$0	$0	$0
BO RISTIC	VICE PRESIDENT	10.00	Officer	$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	$1,269,288	$1,116,849	$178,433	$152,439
2022	$911,051	$881,289	$179,111	$29,762
2021	$1,036,543	$1,013,982	$149,237	$22,561
2020	$1,137,750	$1,114,006	$126,017	$23,744
2019	$1,378,296	$1,413,689	$53,578	$-35,393
2018	$1,195,032	$1,323,419	$91,200	$-128,387

ASSOCIATION OF DIVING CONTRACTORS INTERNATIONAL INC