Offshore Marine Service Association Inc
Nonprofit profile at a glance
- EIN
- 237378249
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- New Orleans, LA, USA
- Phone
- 5045289411
- Rating confidence
- Limited
Reported finances
- Revenue
- $1,144,894
- Expenses
- $1,097,081
- Assets
- $788,432
- Liabilities
- $594,577
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- AARON SMITH (PRESIDENT/CEO)
Highest reported compensation
- AARON SMITH (PRESIDENT/CEO): $261,389 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The offshore marine service association is the leading association of and spokesman for the offshore marine transportation service industry. The mission is to vigorously defend the cabotage laws of the united states, to proactively foster, develop, and promote positions which are favorable to the common good of its members with governmental and regulatory bodies, worldwide. We encourage and promote the highest standards of safety training and environmental protection of its member companies.
What it reported doing in 2024
The jones act program focuses on compliance issues involving the jones act and its impact on the offshore marine transportation industry. This program keeps our members current on legal developments and case precedents impacting jones act compliance in their daily operations. Additionally, the jones act promotes advocacy and legal expenses associated with protecting the jones act in congress and encouraging correct enforcement.
Operating model
- Revenue model
- Membership-supported. 87% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 35
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.72; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.75; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 23.8%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -3.2% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -7.5% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 21 of 21 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $261K · 22 people listed · 2 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 11/100.