THE MARINE RESEARCH HUB OF SOUTH FLORIDA INC (EIN 823626190) - 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

2017

Legal Domicile

Principal Officer

KATHERINE O'FALLON

Phone

7867784453

Tax Period

2024-01-01 to 2024-12-31

THE MARINE RESEARCH HUB OF SOUTH FLORIDA INC, founded in 2017, is a small nonprofit in the Science & Technology sector that reported $199K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $48K, a strong 24% operating margin.

Mission

THE MARINE RESEARCH HUB (MRH) MISSION IS BUILDING FLORIDA'S BLUE ECONOMY BY ENGAGING COLLABORATION FROM ALL SECTORS TO SUPPORT THE COMMERCIALIZATION OF NATURE & RESEARCH-BASED SOLUTIONS TO CREATE JOBS, BUILD BUSINESS, HARDEN OUR INFRASTRUCTURE, AND CREATE A POSITIVE IMPACT ON THE HEALTH OF OUR MARINE ENVIRONMENTS AND COMMUNITY.

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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 $181,548

Program Service Revenue $17,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $199,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $826

Fundraising Expenses $0

Program Expenses $150,986

Other Expenses $150,160

TOTAL EXPENSES $150,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,048	$390,550	-0.5%
Expenses	$150,986	$279,360	-0.5%
Net Income	$48,062	$111,190	-0.6%

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

N/A

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

Total Directors

$47,349

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB SWINDELL	PRESIDENT	8.00	Director	$0	$0	$0
PHIL PURCELL	VICE PRESIDENT	8.00	Director	$0	$0	$0
HOWARD GREENBERG	SECRETARY/TREASURER	8.00	Director	$0	$0	$0
STEVE HUDSON	DIRECTOR	8.00	Director	$0	$0	$0
STEVE HALMOS	DIRECTOR	8.00	Director	$0	$0	$0
PATRICK LAHEY	DIRECTOR	8.00	Director	$0	$0	$0
EFREM ZIMBALIST	DIRECTOR	8.00	Director	$0	$0	$0
PEGGY NORDEEN	DIRECTOR	8.00	Director	$0	$0	$0
JAMES HARRISON	DIRECTOR	8.00	Director	$0	$0	$0
COLIN BROWN	DIRECTOR	8.00	Director	$0	$0	$0
ROB KORNAHRENS	DIRECTOR	8.00	Director	$0	$0	$0
KATHERINE O'FALLON	EXECUTIVE DIRECTOR	40.00	Director	$47,349	$0	$47,349

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	$199,048	$150,986	$139,955	$48,062
2023	$390,550	$279,360	$121,893	$111,190

THE MARINE RESEARCH HUB OF SOUTH FLORIDA INC