MARINE SCIENCE FOUNDATION INC

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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

Principal Officer

BRADLY KING

Phone

4108019404

Tax Period

2024-01-01 to 2024-12-31

MARINE SCIENCE FOUNDATION INC is a community nonprofit in the Science & Technology sector that reported $6.0M in total revenue in fiscal year 2024. The organization ran a surplus of $4.5M, a strong 74% operating margin.

Mission

OUR MISSION IS TO BRING THE LATEST ADVANCEMENTS IN SENSOR AND DATA COLLECTION/ANALYSIS TECHNOLOGY TO MARINE SCEINTISTS AND LABORATORIES TO FURTHER MARINE CONSERVATION RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $1,539,688

MSF'S PURPOSE IS TO BRING THE LATEST IN SENSOR AND DATA COLLECTION.ANALYSIS TECHNOLOGY ADVANCEMENTS TO MARINE SCIENTIST AND LABORATORIES AROUND THE WORLD TO ADVANCE MARINE CONSERVATION AND RESEARCH.

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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 $5,666,016

Program Service Revenue $0

Investment Income $369,684

Other Revenue $0

TOTAL REVENUE $6,035,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,148,473

Fundraising Expenses $0

Program Expenses $1,539,688

Other Expenses $391,215

TOTAL EXPENSES $1,539,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,035,700	$6,058,032	0.0%
Expenses	$1,539,688	$1,349,595	+0.1%
Net Income	$4,496,012	$4,708,437	0.0%

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

N/A

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

$149,870

Total Directors

$534,532

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILL FRISHE	H.C. EMPLOYE	40.00	Highest	$207,896	$0	$207,896
DENNIS KINGSLEY	H. C. EMPLOY	40.00	Highest	$206,714	$0	$206,714
SHARI KING	CHIEF FINANC	40.00	Director	$202,949	$0	$202,949
BRIAN MCGARVEY	CHIEF INFORM	40.00	Director	$181,713	$0	$181,713
BRADLY KING	PRESIDENT	40.00	Officer Director	$149,870	$0	$149,870

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	$6,035,700	$1,539,688	$10,867,423	$4,496,012
2023	$6,058,032	$1,349,595	$7,669,343	$4,708,437
2022	$1,784,950	$1,081,345	$3,528,196	$703,605
2021	$1,403,481	$868,771	$754,154	$534,710
2020	$438,758	$317,376	$248,350	$121,382
2020	$438,758	$317,376	$248,350	$121,382