Offshore Service Vessel Dynamic Positioning Authority
Nonprofit profile at a glance
- EIN
- 465075710
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990-EZ 2024
- Location
- New Orleans, LA, USA
- Phone
- 5045289414
- Rating confidence
- Limited
- Sector
- Business and Industry
Reported finances
- Revenue
- $65,527
- Expenses
- $66,870
- Assets
- $74,877
- Liabilities
- $615,152
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- AARON C SMITH (EXECUTIVE DIRECTOR)
People named in this filing
- AARON C SMITH (EXECUTIVE DIRECTOR)
- STUART FAUCHEUX (DIRECTOR)
- ROBERT VOSBEIN JR (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission is to establish standards for the dynamic positioning of offshore service vessels, with particular reference to the offshore oil and gas industry, to update the standards from time to time to reflect the requirements of public safety and the protection of the environment, property, and persons, to establish standards for testing and a training curriculum to prepare personnel and companies in the offshore industry to comply with the standards in the performance of their employment duties, to publish the standards and certification requirements and all updates of the standards and certification requirements, to grant licenses to institutions of learning, such as colleges, technical schools and other similar entities that host academic and functional training activities pursuant to which the training partners may make available training programs that meet the certification requirements and which train participants to implement the standards, to issue and to renew certificates.
What it reported doing in 2024
To establish standards for testing and a training curriculum to prepare personnel and companies in the offshore industry to comply with the standards in the performance of their employment duties and to establish standards for the dynamic positioning of offshore service vessels, with particular reference to the offshore oil and gas industry, that apply to personnel and companies.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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: 82
- Sustainability: 40
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 1.12; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 8.22; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -9.7% per year; rating input score 0; 28th percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- 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: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.