MARINSPACE INC C/O DEBBIE LEVY

EIN: 943162784 501(c)(3)

LARKSPUR, CA

Total Revenue
$87,948
Total Expenses
$246,791
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Principal Officer
DEBBIE LEVY
Phone
4159251120
Tax Period
2018-07-01 to 2019-01-02

MARINSPACE INC C/O DEBBIE LEVY, founded in 1991, is a micro nonprofit that reported $88K in total revenue in fiscal year 2018. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $247K exceeded revenue, resulting in a 181% operating deficit.

Mission

SINCE 1988, MARINSPACE HAS BEEN THE ONLY ORGANIZATION IN THE COUNTY TO SUPPORT MARIN'S SMALL AND MEDIUM COMMUNITY ORGANIZATIONS WITH STABLE, AFFORDABLE, MISSION-DRIVEN, QUALITY WORKSPACE AND RELATED REAL ESTATE SERVICES. TODAY, THE ORGANIZATION PROVIDES BOTH WORKSPACE AND COLLABORATION TOOLS, REACHING THOUSANDS OF YOUTH, FAMILIES, SENIORS AND INDIVIDUALS IN NEED THROUGH ITS SERVICES AND PARTNERSHIPS WITH MANY OF THE COUNTY'S NONPROFITS. MARINSPACE DELIVERS INFORMATION AND RESOURCE SERVICES PROVIDES QUALITY, MISSION-DRIVEN WORKSPACE AND CONSULTS ON BUSINESS AND REAL ESTATE PLANNING PROJECTS. AS A RESULT, NONPROFITS THAT PREVIOUSLY SERVED VULNERABLE CLIENTS IN INEFFICIENT "HAND TO MOUTH" WORK ENVIRONMENTS CAN NOW EMBODY THEIR SOCIAL CHANGE EFFORTS BY OPERATING FROM A PLACE OF EFFECTIVE, COLLABORATION-DRIVEN, MISSION-ENCHANCING STABILITY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $87,676
Investment Income $272
Other Revenue $0
TOTAL REVENUE $87,948

Expense Breakdown

Grants Paid $152,798
Salaries & Benefits $1,594
Fundraising Expenses $0
Program Expenses $223,788
Other Expenses $92,399
TOTAL EXPENSES $246,791

Year-over-Year Comparison

2018 2017 Change
Revenue $87,948 $329,130 -0.7%
Expenses $246,791 $570,369 -0.6%
Net Income $-158,843 $-241,239 -0.3%
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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Governance

Voting Members
10
Independent Members
10
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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAUREEN HOCHLER DIRECTOR 1.00
Director
$0 $0 $0
LYDIA CAMERON DIRECTOR 1.00
Director
$0 $0 $0
MARK RICE DIRECTOR 1.00
Director
$0 $0 $0
KAREN STERN DIRECTOR 1.00
Director
$0 $0 $0
ROGER SMITH DIRECTOR 1.00
Director
$0 $0 $0
SUZIE POLLAK DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE LEVY CHAIR 2.00
Officer
$0 $0 $0
JENNIFER TYRELL-SMITH TREASURER 1.00
Officer
$0 $0 $0
CHERYL CINELLI VICE CHAIR 1.00
Officer
$0 $0 $0
JOE MEYLAN DIRECTOR 1.00
Officer
$0 $0 $0
PETER LEE INTERIM EXECUTIVE DIRECTOR 5.00
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
2019 $87,948 $246,791 No data $-158,843
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