MARINE EXCHANGE LALB HARBOR

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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

1946

Legal Domicile

Principal Officer

CAPT JAMES K LOUTTIT

Phone

3105193127

Tax Period

2024-07-01 to 2025-06-30

MARINE EXCHANGE LALB HARBOR, founded in 1946, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.1M left a modest 13% surplus.

Mission

THE MARINE EXCHANGE OF SOUTHERN CALIFORNIA, IN PARTNERSHIP WITH FEDERAL / U.S. COAST GUARD, STATE AND LOCAL GOVERNMENT AGENCIES, IS THE LEADING PROVIDER OF VESSEL TRAFFIC AND MARITIME INFORMATION RELATED SERVICES IN SOUTHERN CALIFORNIA. THE MARINE EXCHANGE IS A PRIVATE, NONPROFIT ORGANIZATION THAT WILL CONTINUOUSLY WORK TO ANTICIPATE AND FULLY MEET THE MARITIME INFORMATION / COMMUNICATIONS NEEDS AND VESSEL TRAFFIC REQUIREMENTS NECESSARY TO PROMOTE A SECURE, SAFE, EFFICIENT, RELIABLE, AND ENVIRONMENTALLY SOUND MARITIME TRANSPORTATION SYSTEM.

Program Service Accomplishments

Program 1

VESSEL TRAFFIC SERVICE (VTS) USER FEES BILLED FOR EACH ARRIVING VESSEL CALLING THE PORTS OF LOS ANGELES AND LONG BEACH. FEES ARE BASED ON THE VTS USER FEE TARIFF. FOR THE PERIOD 7/2024 - 6/2025...

VESSEL TRAFFIC SERVICE (VTS) USER FEES BILLED FOR EACH ARRIVING VESSEL CALLING THE PORTS OF LOS ANGELES AND LONG BEACH. FEES ARE BASED ON THE VTS USER FEE TARIFF. FOR THE PERIOD 7/2024 - 6/2025, APPROXIMATELY 4,774 ARRIVALS WERE BILLED.

Program 2

REPORTING SERVICES AND DATA FEEDS FOR RELAYING INFORMATION REGARDING VESSEL POSITIONS AND MOVEMENTS IN THE PORTS OF HUENEME, LOS ANGELES, LONG BEACH, EL SEGUNDO, AND SAN DIEGO. ENTITIES AFFECTED BY THE SOUTHERN CALIFORNIA SHIPPING INDUSTRY SUBSCRIBE TO VARIOUS REPORTS ANDSERVICES THAT PROVIDE VESSEL MOVEMENTS IN THE PORTS SHOWN ABOVE.

Program 3

SOUTHERN CALIFORNIA PORTION OF THE MARITIME INFORMATION SERVICES OF NORTH AMERICA (MISNA) AUTOMATED IDENTIFICATION SYSTEM (AIS) DATA CONTRACTS, WHICH PROVIDE WEST COAST VESSEL MOVEMENTS FROM ALASKA...

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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 (2024)

Revenue Breakdown

Contributions & Grants $202,991

Program Service Revenue $4,391,352

Investment Income $139,411

Other Revenue $6,051

TOTAL REVENUE $4,739,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,011,092

Fundraising Expenses $0

Other Expenses $1,102,033

TOTAL EXPENSES $4,113,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,739,805	$4,207,908	+0.1%
Expenses	$4,113,125	$3,869,454	+0.1%
Net Income	$626,680	$338,454	+0.9%

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

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

$411,733

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT A CLARK II	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELE GRUBBS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CAPT TOM JACOBSEN	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN FRAZEE	SECRETARY	2.00	Officer Director	$0	$0	$0
NOEL HACEGABA	DIRECTOR	2.00	Director	$0	$0	$0
CHIEF THOMAS GAZSI	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS POST	DIRECTOR	2.00	Director	$0	$0	$0
ERIK BOMBARD	DIRECTOR	2.00	Director	$0	$0	$0
SEAN LINDSEY	DIRECTOR	2.00	Director	$0	$0	$0
ERIK CRICHTON	DIRECTOR	2.00	Director	$0	$0	$0
CAPT JOHN DWYER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN STILES	DIRECTOR	2.00	Director	$0	$0	$0
KARIANE DILL	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SELGA	DIRECTOR	2.00	Director	$0	$0	$0
STANLEY KWIATON	DIRECTOR	2.00	Director	$0	$0	$0
PHILLIP T WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
BILL SCHOPP	DIRECTOR	2.00	Director	$0	$0	$0
CAPT JAMES KIPLING LOUTTIT	EXECUTIVE DIRECTOR	40.00	Officer	$226,203	$34,196	$260,399
MICHELLE MALDONADO	ACCOUNTING MANAGER	40.00	Officer	$125,854	$25,480	$151,334
CAPT PATRICK BARANIC	GENERAL MANAGER	40.00	Highest	$176,524	$31,802	$208,326
MICHAEL CONNER	VTS SUPERVISOR	40.00	Highest	$143,609	$21,105	$164,714
MITCHELL REITER	VTS SUPERVISOR	40.00	Highest	$143,385	$31,737	$175,122
CASEY ROBERT	VTS MANAGER	40.00	Highest	$139,537	$19,885	$159,422
PORSCHA ABRONS	MIS MANAGER	40.00	Highest	$123,080	$22,020	$145,100

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	$4,739,805	$4,113,125	$6,330,905	$626,680
2024	$4,207,908	$3,869,454	$5,677,579	$338,454
2023	$4,090,803	$3,547,396	$5,312,731	$543,407
2022	$3,654,522	$3,441,782	$4,737,680	$212,740
2021	$3,035,577	$3,176,458	$4,498,970	$-140,881
2020	$2,905,651	$3,329,750	$4,660,284	$-424,099
2019	$3,048,910	$3,159,943	$5,017,366	$-111,033