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)

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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

Marine Insurance Seminars, Inc. sponsors the Houston Marine & Energy Insurance Conference (HMEIC). This conference is committed to providing and promoting educational opportunities in marine and energy insurance and admiralty law fields. Additionally, Marine Insurance Seminars supports college and university partners who are educating and developing the marine and energy insurance and law professionals of the future.

Program Service Accomplishments

Program 1
Expenses: $257,001 Revenue: $344,227

For over 50 years, the HMEIC conference has attracted the top talent in the marine and energy insurance and admiralty law industries and has become the preeminent meeting place for the global marine...

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For over 50 years, the HMEIC conference has attracted the top talent in the marine and energy insurance and admiralty law industries and has become the preeminent meeting place for the global marine and energy insurance and legal communities. Held annually in Houston, Texas, the world's leading energy hub and an essential port for global shipping, the annual 3-day conference offers networking opportunities, continuing education requirements and keynote speeches that attract a wide array of marine and energy industry professionals.

Program 2
Expenses: $80,000 Revenue: $0

Marine Insurance Seminars is committed to providing and promoting educational opportunities in the marine and energy insurance and admiralty law fields. This is accomplished by providing college and...

Read more

Marine Insurance Seminars is committed to providing and promoting educational opportunities in the marine and energy insurance and admiralty law fields. This is accomplished by providing college and university partners with grants to support their education programs in those areas.

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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

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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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