YOUNG MARINERS CAREER FOUNDATION

EIN: 812021270 501(c)(3) Education

NORFOLK, VA

Total Revenue
$15,012
Total Expenses
$45,246
Total Assets
$103,472
Net Assets
$100,923
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
Principal Officer
DEBRA LEE GOLDMAN
Phone
7572871619
Tax Period
2022-01-01 to 2022-12-31

YOUNG MARINERS CAREER FOUNDATION, founded in 2018, is a small nonprofit in the Education sector that reported $100K in total revenue in fiscal year 2020. The organization ran a surplus of $97K, a strong 97% operating margin.

Mission

TO PROVIDE FUNDING AND EDUCATIONAL OPPORTUNITIES FOR AFFECTED INDIVIDUALS TO FACILIATATE EDUCATION AS PROFESSIONALS IN THE MARITIME AND LIFESAVING TRADES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $15,000
Program Service Revenue $0
Investment Income $12
Other Revenue $0
TOTAL REVENUE $15,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,905
Other Expenses $45,246
TOTAL EXPENSES $45,246

Year-over-Year Comparison

2022 2021 Change
Revenue $15,012 $75,509 -0.8%
Expenses $45,246 $49,495 -0.1%
Net Income $-30,234 $26,014 -2.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANNON M CLARK DIRECTOR N/A
Director
$0 $0 $0
DEBRA LEE GOLDMAN PRESIDENT/DI N/A
Officer Director
$0 $0 $0
DOUGLAS H STAMPER II DIRECTOR N/A
Director
$0 $0 $0
MASON KEELER DIRECTOR N/A
Director
$0 $0 $0
JOE MUCHULSKY DIRECTOR N/A
Director
$0 $0 $0
SUSAN MUHA VICE PRESIDE N/A
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
2022 $15,012 $45,246 $103,472 $-30,234
2021 $75,509 $49,495 $133,707 $26,014
2020 $100,041 $2,671 $105,143 $97,370
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