NATIONAL OFFSHORE WIND TRAINING CENTER (EIN 863436489) - 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

2021

Legal Domicile

Principal Officer

ROGER CLAYMAN

Phone

6313481170

Tax Period

2023-01-01 to 2023-12-31

NATIONAL OFFSHORE WIND TRAINING CENTER, founded in 2021, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 23% operating margin.

Mission

TO ESTABLISH AN OFFSHORE WIND TRAINING FACILITY IN SUFFOLK COUNTY FOR THE PURPOSE OF PREPARING THE LOCAL WORKFORCE FOR THE OFFSHORE WIND JOB MARKET IN NEW YORK BY PROVIDING GWO CERTIFIED TRAINING. TO SERVE AS A NATIONAL MODEL FOR GWO TRAINING IN THE U.S.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,336,839

Program Service Revenue $0

Investment Income $52

Other Revenue $0

TOTAL REVENUE $3,336,891

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,459,530

Other Expenses $2,511,356

TOTAL EXPENSES $2,581,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,336,891	$1,650,004	+1.0%
Expenses	$2,581,356	$42,967	+59.1%
Net Income	$755,535	$1,607,037	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER CLAYMAN	DIRECTOR	10.00	Director	$0	$0	$0
MATTHEW ARACICH	DIRECTOR	5.00	Director	$0	$0	$0
LOUIS PETRIZZO	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$3,336,891	$2,581,356	$2,422,572	$755,535
2022	$1,650,004	$42,967	$1,664,537	$1,607,037

NATIONAL OFFSHORE WIND TRAINING CENTER