INSTITUTE FOR SHIPBOARD EDUCATION (EIN 953075415) - 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

1971

Legal Domicile

Principal Officer

BOBBY BARBER

Phone

9702364319

Tax Period

2024-06-01 to 2025-05-31

INSTITUTE FOR SHIPBOARD EDUCATION, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $44.3M in total revenue in fiscal year 2024. Expenses of $42.1M left a modest 5% surplus.

Mission

TRAVEL FOR THE PRESIDENT'S SPOUSE MAY BE AUTHORIZED WHEN THE SPOUSE'S PRESENCE IS EXPECTED OR IS APPROPRIATE FOR THE PURPOSES OF THE TRAVEL. TO OBTAIN AUTHORIZATION FOR THE SPOUSE'S TRAVEL, THE PRESIDENT IS REQUIRED TO WRITE A BRIEF MEMORANDUM TO THE CHAIR OF THE BOARD OF TRUSTEES REQUESTING THE TRAVEL. IF APPROVED, THE CHAIR OF THE BOARD SHALL SIGN THE MEMORANDUM. SINCE EXPENSES FOR SPOUSAL TRAVEL WOULD ONLY BE APPROVED IN CIRCUMSTANCES WHERE THERE IS A BUSINESS PURPOSE FOR SUCH TRAVEL, THE PAYMENT OF SUCH EXPENSES WOULD BE TREATED AS A NONTAXABLE BENEFIT.

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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 $4,076,686

Program Service Revenue $38,005,032

Investment Income $2,037,008

Other Revenue $151,599

TOTAL REVENUE $44,270,325

Expense Breakdown

Grants Paid $5,639,482

Salaries & Benefits $7,230,507

Fundraising Expenses $1,474,866

Program Expenses $35,786,338

Other Expenses $29,228,636

TOTAL EXPENSES $42,098,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,270,325	$42,532,843	+0.0%
Expenses	$42,098,625	$41,347,409	+0.0%
Net Income	$2,171,700	$1,185,434	+0.8%

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

194

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

$636,684

Total Directors

$364,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MARSHALL	TRUSTEE, PRESIDENT AND CEO	40.00	Officer Director	$308,856	$55,824	$364,680
DAN GARVEY	TRUSTEE, CHAIR	0.50	Officer Director	$0	$0	$0
LYNN JOHNSON	TRUSTEE, VICE CHAIR	0.50	Officer Director	$0	$0	$0
LORI BARKER	TRUSTEE	0.50	Director	$0	$0	$0
KRISTINA BELFIORE	TRUSTEE	0.50	Director	$0	$0	$0
LISA BRAUN GLAZER	TRUSTEE	0.50	Director	$0	$0	$0
SHAUN CRISLER	TRUSTEE	0.50	Director	$0	$0	$0
CEDRIC DARK	TRUSTEE	0.50	Director	$0	$0	$0
DENNIS GERTMENIAN	TRUSTEE	0.50	Director	$0	$0	$0
CONRAD HERRMANN	TRUSTEE	0.50	Director	$0	$0	$0
MARISA HUBER	TRUSTEE	0.50	Director	$0	$0	$0
MARA KARLIN	TRUSTEE	0.50	Director	$0	$0	$0
JENNY LEWIS	TRUSTEE	0.50	Director	$0	$0	$0
EMILY POAGUE	TRUSTEE	0.50	Director	$0	$0	$0
KAREN SIMON	TRUSTEE	0.50	Director	$0	$0	$0
ANTHONY TAORMINA	TRUSTEE	0.50	Director	$0	$0	$0
KHANH T TRAN	TRUSTEE	0.50	Director	$0	$0	$0
LIZ ZAVODSKY	TRUSTEE	0.50	Director	$0	$0	$0
BOBBY BARBER	CFO/VP OF FINANCE	40.00	Officer	$222,301	$49,703	$272,004
JASON HUGHES	VP OF MARKETING AND RECRUITMENT	40.00	Highest	$190,167	$47,453	$237,620
LAURA STROHMINGER	CPO/VP OF STUDENT AFFAIRS	40.00	Highest	$180,677	$25,158	$205,835
HEATHER WISNIEWSKI	VP OF ADVANCEMENT	40.00	Highest	$174,161	$24,756	$198,917
MICHELLE NORMOYLE-DIETZ	VP OF HUMAN RESOURCES	40.00	Highest	$147,940	$44,409	$192,349
JONELL ASHBROOK	CONTROLLER	40.00	Highest	$120,258	$42,395	$162,653

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	$44,270,325	$42,098,625	$55,451,467	$2,171,700
2024	$42,532,843	$41,347,409	$55,953,158	$1,185,434
2023	$39,471,061	$38,700,369	$57,956,921	$770,692
2022	$20,995,470	$24,793,405	$58,232,119	$-3,797,935
2021	$5,792,396	$13,520,488	$59,066,099	$-7,728,092
2020	$38,961,541	$36,477,936	$66,150,264	$2,483,605
2019	$49,790,138	$39,984,432	$68,226,956	$9,805,706
2018	$41,429,749	$36,483,900	$59,713,891	$4,945,849

INSTITUTE FOR SHIPBOARD EDUCATION