SARASOTA MARINE SAFETY FOUNDATION INC

EIN: 832899232 501(c)(3) Public Safety

BRADENTON, FL

Total Revenue
$67,473
Total Expenses
$152,982
Total Assets
$2,937,775
Net Assets
$2,696,648
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
FL
Principal Officer
JAMES K TOOMEY
Phone
9419204646
Tax Period
2024-01-01 to 2024-12-31

SARASOTA MARINE SAFETY FOUNDATION INC, founded in 2018, is a micro nonprofit in the Public Safety sector that reported $67K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $153K exceeded revenue, resulting in a 127% operating deficit.

Mission

SUPPORT FEDERAL, STATE AND LOCAL AGENCIES IN SARASOTA COUNTY TO PROMOTE BOATER SAFETY AND EDUCATION PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $67,473
Other Revenue $0
TOTAL REVENUE $67,473

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $141,211
Other Expenses $112,982
TOTAL EXPENSES $152,982

Year-over-Year Comparison

2024 2023 Change
Revenue $67,473 $74,307 -0.1%
Expenses $152,982 $110,874 +0.4%
Net Income $-85,509 $-36,567 +1.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES K TOOMEY PRESIDENT 0.00
Officer Director
$0 $0 $0
RANDALL MORITZ SECRETARY 0.00
Officer Director
$0 $0 $0
MURRAY PRICE TREASURER 0.00
Officer 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 $67,473 $152,982 $2,937,775 $-85,509
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SARASOTA MARINE SAFETY FOUNDATION INC with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.