The Maritime Academy of Toledo Foundation

Nonprofit profile at a glance

EIN: 271705352
IRS 990-EZ coverage: 2010–2016
Forms available: Form 990-EZ 2016, Form 990-N 2016
Location: Cape Coral, FL, USA
Phone: 4193449005
Rating: 80
Verdict: STRONG
Rating confidence: Moderate
Sector: Single Organization Support

Reported finances

Revenue: $1,860
Expenses: $12,826
Assets: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

DAVID A MARAZON (President)
JAMES HARTUNG (Vice President)

People named in this filing

DAVID A MARAZON (President)
JAMES HARTUNG (Vice President)
BARBARA PINTER (Secy/Treasurer)

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 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The maritime foundation will provide fundraising services on behalf of the maritime academy. The maritime foundation will receive and hold funds on behalf of the maritime academy, including grant monies, contributed funds, and income received by other means or from other sources to be re-

What it reported doing in 2016

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

Financial Efficiency: 93
Transparency & Controls: 82
Sustainability: 8
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 81.6%; rating input score 82

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -589.6%; rating input score 2; 2nd percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -19.5% per year; rating input score 0; 20th percentile among comparable filings
Revenue growth: -23.7% per year; rating input score 0; 15th percentile among comparable filings
Asset growth: -21.7% per year; rating input score 0; 12th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 81.6% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $10K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 6 of 6 current checks pass
Schedules: 3 filed schedules
Filing history: 7 filing years from 2010 to 2016
Contacts: How to reach this organization
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 — Sustainability: Operating margin scored 2/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 1/100.
High — Growth: Asset growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.