MARIMED FOUNDATION FOR ISLAND HEALTH CARE TRAINING (EIN 990235066) - 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

1984

Legal Domicile

Principal Officer

MELISSA HEBERT

Phone

8083493774

Tax Period

2024-07-01 to 2025-06-30

MARIMED FOUNDATION FOR ISLAND HEALTH CARE TRAINING, founded in 1984, is a small nonprofit in the Health Care sector that reported $641K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $753K exceeded revenue, resulting in a 17% operating deficit.

Mission

PLANNING, DEVELOPING, AND CONDUCTING PROGRAMS PROMOTING THE HEALTH AND WELL-BEING OF YOUTH. PROGRAMS ARE CENTERED AROUND MARINE-BASED EXPERIENTIAL, EDUCATIONAL, AND THERAPEUTIC SERVICES.

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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 $46,725

Program Service Revenue $485,059

Investment Income $106,269

Other Revenue $3,022

TOTAL REVENUE $641,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,004

Fundraising Expenses $38,095

Program Expenses $543,357

Other Expenses $567,907

TOTAL EXPENSES $752,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$641,075	$575,531	+0.1%
Expenses	$752,911	$715,917	+0.1%
Net Income	$-111,836	$-140,386	-0.2%

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

$128,427

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA HEBERT	PRESIDENT/CE	40.00	Officer	$87,965	$16,748	$104,713
MATTHEW A CLAYBAUGH	FORMER CEO	40.00	Officer	$0	$0	$0
FRANK SHIVERS	CFO	40.00	Officer	$23,714	$0	$23,714
RYAN NOBRIGA	CHAIR	5.00	Officer Director	$0	$0	$0
WILLIAM TAM	SECRETARY	5.00	Officer Director	$0	$0	$0
CHARLES GIULI PHD	TREASURER	5.00	Officer Director	$0	$0	$0
MARK TOWILL	DIRECTOR	5.00	Director	$0	$0	$0
LAURA IAEA-BEHIC	DIRECTOR	5.00	Director	$0	$0	$0
CAROL NELSON	DIRECTOR	5.00	Director	$0	$0	$0
DAVID HIGGINS	DIRECTOR	5.00	Director	$0	$0	$0
ILONI HIGGINS	DIRECTOR	5.00	Director	$0	$0	$0
PAUL KAIPO POMAIKAI	DIRECTOR	5.00	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
2025	$641,075	$752,911	$4,976,582	$-111,836
2024	No data	No data	No data	No data
2023	$325,410	$766,879	$4,515,177	$-441,469
2022	$794,224	$922,267	$4,551,366	$-128,043
2021	$3,819,067	$945,087	$5,526,780	$2,873,980
2020	$772,383	$1,041,183	$3,265,970	$-268,800
2019	$1,307,429	$1,151,031	$3,258,519	$156,398
2018	$798,552	$1,603,433	$3,760,650	$-804,881

MARIMED FOUNDATION FOR ISLAND HEALTH CARE TRAINING