MARINE INSURANCE SEMINARS INC

EIN: 760317354 501(c)(3) Environment

Weatherford, TX

Total Revenue
$347,030
Total Expenses
$350,121
Total Assets
$188,226
Net Assets
$187,476
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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
1990
Legal Domicile
TX
Principal Officer
Steven Weiss
Phone
8325307981
Tax Period
2024-01-01 to 2024-12-31

MARINE INSURANCE SEMINARS INC, founded in 1990, is a small nonprofit in the Environment sector that reported $347K in total revenue in fiscal year 2024.

Mission

To provide education in the fields of marine and energy insurance and law by offering continuing education for professionals and by supporting colleges and universities who are developing the marine and energy professionals of the future.

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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 $0
Program Service Revenue $344,227
Investment Income $2,803
Other Revenue $0
TOTAL REVENUE $347,030

Expense Breakdown

Grants Paid $80,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $337,001
Other Expenses $270,121
TOTAL EXPENSES $350,121

Year-over-Year Comparison

2024 2023 Change
Revenue $347,030 $352,652 0.0%
Expenses $350,121 $368,439 0.0%
Net Income $-3,091 $-15,787 -0.8%
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
8
Independent Members
8
Employees
N/A
Volunteers
25

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Weiss Chairperson 10
Officer Director
$0 $0 $0
Jana Byron Secretary 10
Officer Director
$0 $0 $0
Jennie Clements Treasurer 10
Officer Director
$0 $0 $0
Ted Dimitry Director 5
Director
$0 $0 $0
Pete Krouse Director 5
Director
$0 $0 $0
John Mizell Director 5
Director
$0 $0 $0
Doug Shoemaker Director 5
Director
$0 $0 $0
James Vavasour Director 5
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 $347,030 $350,121 $188,226 $-3,091
2023 $352,652 $368,439 $195,612 $-15,787
2022 $377,800 $367,946 $217,310 $9,854
2021 $303,583 $305,835 $202,850 $-2,252
2020 $50,814 $80,159 $202,546 $-29,345
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