Maritime Cybersecurity Institute

EIN: 934892415 501(c)(3) Education

Beaufort, SC

Total Revenue
$874,898
Total Expenses
$148,416
Total Assets
$726,482
Net Assets
$726,482
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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
2024
Legal Domicile
SC
Tax Period
2024-01-01 to 2024-12-31

Maritime Cybersecurity Institute, founded in 2024, is a small nonprofit in the Education sector that reported $875K in total revenue in fiscal year 2024. The organization ran a surplus of $726K, a strong 83% operating margin.

Mission

The Maritime Cybersecurity Institute is dedicated to addressing the urgent need for robust cybersecurity measures in the commercial maritime sector. With an ever increasing dependence on digital technologies and interconnected systems the maritime sector has shown itself as being vulnerable to cyber threats and attacks. Our vision is a world class engine for the maritime transportation ecosystem focused on providing or stimulating cybersecurity education research experimentation investment and commercialization of products with regional and national impacts.

Program Service Accomplishments

Program 1
Expenses: $24,899 Revenue: $0

The organization sponsored the inaugural CyberBoat Challenge event. The Challenge brings college students and industry participants together in a multi-day "cyber hacking" event. The purpose is to...

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The organization sponsored the inaugural CyberBoat Challenge event. The Challenge brings college students and industry participants together in a multi-day "cyber hacking" event. The purpose is to train and educate the college students on maritime cybersecurity technology risks while also creating career path interests in the students. Industry participants of the event gain insight into the same risks while mentoring and fostering relationships with the college students.

Program 2
Expenses: $7,715 Revenue: $0

The organization commenced a program of conducting cybersecurity maturity assessments for entities operating in the commercial maritime industry. These assessments are intended to provide the...

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The organization commenced a program of conducting cybersecurity maturity assessments for entities operating in the commercial maritime industry. These assessments are intended to provide the assessed organization with insight into the strength weakness of their cybersecurity program. Additionally the assessments provide our organization with insight into the cybersecurity maturity of the overall industry

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $865,000
Program Service Revenue $0
Investment Income $9,898
Other Revenue $0
TOTAL REVENUE $874,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,614
Other Expenses $148,416
TOTAL EXPENSES $148,416

Year-over-Year Comparison

2024 2023 Change
Revenue $874,898 N/A N/A
Expenses $148,416 N/A N/A
Net Income $726,482 N/A N/A
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rick Siebenaler CEO 10.00
Officer
$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
2025 No data No data No data No data
2024 $874,898 $148,416 $726,482 $726,482
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