MARINERS CARE (EIN 943138515) - 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

1991

Legal Domicile

Principal Officer

TIM KORNEGAY

Phone

2063464026

Tax Period

2023-01-01 to 2023-12-31

MARINERS CARE, founded in 1991, is a small nonprofit in the Youth Development sector that reported $963K in total revenue in fiscal year 2023. Revenue surged 981% from the prior year, signaling strong growth momentum. Expenses of $886K left a modest 8% surplus.

Mission

THE PRIMARY EXEMPT PURPOSE OF MARINERS CARE IS TO SUPPORT YOUTH-ORIENTED COMMUNITY SERVICE PROGRAMS & OTHER WORTHY PROJECTS IN THE PACIFIC NORTHWEST.

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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 $135,104

Program Service Revenue $0

Investment Income $5,156

Other Revenue $822,259

TOTAL REVENUE $962,519

Expense Breakdown

Grants Paid $820,282

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $880,720

Other Expenses $65,234

TOTAL EXPENSES $885,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$962,519	$89,070	+9.8%
Expenses	$885,516	$316,726	+1.8%
Net Income	$77,003	$-227,656	-1.3%

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

N/A

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
TIM KORNEGAY	TREASURER	5.00	Officer Director	$0	$0	$0
CATIE GRIGGS	PRESIDENT	5.00	Officer Director	$0	$0	$0
FRED RIVERA	EXECUTIVE VICE PRESIDENT	5.00	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	No data	No data	No data	No data
2023	$962,519	$885,516	$525,349	$77,003
2022	$89,070	$316,726	$448,346	$-227,656
2021	$57,883	$937,480	$675,995	$-879,597
2020	$1,126,922	$808,083	$1,555,597	$318,839
2019	$363,049	$308,275	$1,236,758	$54,774
2018	$379,755	$305,091	$1,181,974	$74,664

MARINERS CARE