MITAGS INC

🔒

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

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

DONALD JOSBERGER

Phone

4108595700

Tax Period

2023-01-01 to 2023-12-31

MITAGS INC, founded in 2020, is a community nonprofit in the Employment sector that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

MITAGS PROVIDES EDUCATIONAL AND TRAINING ACTIVITIES FOR THE BENEFIT OF INDIVIDUALS WHO ARE NOT MEMBERS OF THE INTERNATIONAL ORGANIZATION OF MASTERS, MATES & PILOTS, AFL-CIO (IOMM&P).

Program Service Accomplishments

Program 1

Expenses: $3,230,166 Revenue: $3,001,843

ACADEMIC CENTER:THE ACADEMIC DIVISION OF MITAGS PROVIDES HIGH QUALITY CONTINUING EDUCATION AND RE-CERTIFICATIONS FOR THE MARITIME INDUSTRY TO THE NON MEMBERS OF THE IOMM&P.

Program 2

Expenses: $2,993,902 Revenue: $3,268,099

PROGRAM DEVELOPMENT- SIMULATIONS & RESEARCH THE PROGRAM DEVELOPMENT PROVIDES GROUND-BREAKING RESEACH, DEVELOPMENT, AND MODELING FOR THE MARITIME INDUSTRY

Program 3

Expenses: $279,760 Revenue: $218,950

INTERNATIONAL LONGSHOREMEN'S ASSOCIATION (ILA)MITAGS PROVIDES HIGH-QUALITY MARITIME TRAINING PROGRAMS TO THE MEMBERS OF ILA. ILA IS THE LARGEST UNION OF MARITIME WORKERS IN NORTH AMERICA...

INTERNATIONAL LONGSHOREMEN'S ASSOCIATION (ILA)MITAGS PROVIDES HIGH-QUALITY MARITIME TRAINING PROGRAMS TO THE MEMBERS OF ILA. ILA IS THE LARGEST UNION OF MARITIME WORKERS IN NORTH AMERICA, REPRESENTING UPWARDS OF 70,000 LONGSHOREMEN ON THE ATLANTIC AND GULF COASTS, GREAT LAKES, MAJOR U.S. RIVERS, PUERTO RICO AND EASTERN CANADA.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,479,722

Investment Income $1,344

Other Revenue $9,170

TOTAL REVENUE $6,490,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,353,995

Fundraising Expenses $0

Program Expenses $6,503,828

Other Expenses $3,149,833

TOTAL EXPENSES $6,503,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,490,236	$5,220,436	+0.2%
Expenses	$6,503,828	$5,975,852	+0.1%
Net Income	$-13,592	$-755,416	-1.0%

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

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

$780,696

Total Directors

$555,468

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DONALD JOSBERGER	PRESIDENT-TRUSTEE	0.50	Officer Director	$0	$59,776	$318,447
MR ED HANLEY	SECRETARY	0.50	Officer Director	$0	$0	$0
MR LARS TURNER	TREASURER	0.50	Officer Director	$0	$50,078	$237,021
CAPT JOHN SULLIVAN	VICE PRESIDENT	0.50	Director	$0	$0	$0
MR ERIC FRIEND	EXECUTIVE DIRECTOR	5.00	Officer	$0	$55,228	$225,228

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	No data	No data	No data	No data
2023	$6,490,236	$6,503,828	$1,911,830	$-13,592
2022	$5,220,436	$5,975,852	$1,517,073	$-755,416
2021	$3,837,269	$717,012	$489,792	$3,120,257