MARINE EXCHANGE OF ALASKA INC (EIN 920173630) - 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

2000

Legal Domicile

Principal Officer

STEPHEN WHITE

Phone

9074632607

Tax Period

2022-01-01 to 2022-12-31

MARINE EXCHANGE OF ALASKA INC, founded in 2000, is a community nonprofit in the Environment sector that reported $6.4M in total revenue in fiscal year 2022. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 19% operating margin.

Mission

THE MARINE EXCHANGE OF ALASKA'S MISSION STATEMENT IS TO PROVIDE THE ALASKA MARITIME COMMUNITY INFORMATION, COMMUNICATIONS AND SERVICES TO AID SAFE, SECURE, EFFICIENT AND ENVIRONMENTALLY RESPONSIBLE MARITIME OPERATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $90,756

Program Service Revenue $6,121,970

Investment Income $114,368

Other Revenue $68,460

TOTAL REVENUE $6,395,554

Expense Breakdown

Grants Paid $108,800

Salaries & Benefits $3,050,991

Fundraising Expenses $0

Other Expenses $2,048,183

TOTAL EXPENSES $5,207,974

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,395,554	$4,462,683	+0.4%
Expenses	$5,207,974	$4,044,727	+0.3%
Net Income	$1,187,580	$417,956	+1.8%

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

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

$425,618

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN WHITE	EXECUTIVE DI	40.00	Officer	$160,000	$21,000	$181,000
JOHN HOLLINGSWORTH	CHIEF OPERAT	40.00	Officer	$140,000	$18,000	$158,000
KENNETH PHILLIPS	COMPLIANCE M	40.00	Highest	$125,024	$16,502	$141,526
EDWIN MAYER III	ENGINEERING	40.00	Highest	$115,440	$28,962	$144,402
SHAWN MAULDIN	CHIEF SOLUTI	40.00	Highest	$110,968	$16,097	$127,065
KRISTIN CADIGAN MCADOO	FINANCE MANA	40.00	Highest	$106,748	$15,675	$122,423
NICHOLAS HATCH	FIELD OPS SU	N/A	Highest	$102,926	$15,293	$118,219
CHRISTOPHER F COUTU	ASST DIR/GEN	40.00	Officer	$60,577	$8,510	$69,087
MATT YORK	DEPUTY DIREC	40.00	Officer	$15,413	$2,118	$17,531
HANS H ANTONSEN	BOARD PRESID	1.00	Officer Director	$0	$0	$0
MICHAEL O'HARA	BOARD VICE P	1.00	Officer Director	$0	$0	$0
BRYAN HAWKINS	BOARD SECT/T	1.00	Officer Director	$0	$0	$0
KEITH AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN BLANCHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWSON BRIGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
BAL DREYFUSS	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER FROEHLICH	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DON REID	BOARD MEMBER	1.00	Director	$0	$0	$0
VIC SCHEIBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD WHITTLESY	BOARD MEMBER	1.00	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
2022	$6,395,554	$5,207,974	$9,347,051	$1,187,580
2021	$4,462,683	$4,044,727	$8,383,589	$417,956
2020	$3,775,607	$3,766,397	$7,871,108	$9,210
2019	$4,074,130	$3,617,409	$7,597,325	$456,721
2018	$3,948,650	$3,340,965	$7,137,517	$607,685

MARINE EXCHANGE OF ALASKA INC