American Maritime Officers Medical Plan
American Maritime Officers Medical Plan consistently reports zero officer compensation while managing tens of millions in medical benefits.
EIN: 135600786 · Dania Beach, FL · Updated: 2026-03-28
Is American Maritime Officers Medical Plan Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Maritime Officers Medical Plan directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Maritime Officers Medical Plan
American Maritime Officers Medical Plan (EIN: 135600786) is a nonprofit organization based in Dania Beach, FL. The organization reported total revenue of $53.3M and total assets of $25.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Maritime Officers Medical Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Maritime Officers Medical Plan is a major nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47.1M |
| Total Expenses | $47.3M |
| Surplus / Deficit | $-238,849 |
| Total Assets | $25.8M |
| Total Liabilities | $1.0M |
| Net Assets | $24.8M |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 6.5 months |
Financial Health Grade: B
In 2023, American Maritime Officers Medical Plan reported a deficit of $239K with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Maritime Officers Medical Plan's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.1% | -2.0% | -1.1% |
| 2022 | +6.0% | -7.0% | +11.3% |
| 2021 | +2.0% | +7.7% | -5.2% |
| 2020 | -1.0% | -0.1% | -2.7% |
| 2019 | +0.6% | +4.2% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Maritime Officers Medical Plan with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, American Maritime Officers Medical Plan allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $239K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, including the latest period 202309. This indicates that no compensation is paid to officers as reported on the 990, which is highly unusual for an organization with annual revenues exceeding $50 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American Maritime Officers Medical Plan's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, which may obscure actual leadership compensation structures.
- Occasional operating deficits, such as in 202309 and 202109, indicating potential challenges in managing benefit costs against revenue.
Strengths
The following positive indicators were identified for American Maritime Officers Medical Plan:
- Strong asset base relative to liabilities, with assets of $25,821,057 and liabilities of $1,043,232 in 202309.
- High proportion of spending dedicated to program services (medical benefits), inherent to its mission as a medical plan.
- Consistent revenue generation exceeding $45 million annually over the past decade, demonstrating significant operational scale.
Frequently Asked Questions about American Maritime Officers Medical Plan
Is American Maritime Officers Medical Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, American Maritime Officers Medical Plan (EIN: 135600786) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does American Maritime Officers Medical Plan spend its money?
American Maritime Officers Medical Plan directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Maritime Officers Medical Plan tax-deductible?
American Maritime Officers Medical Plan is registered as a tax-exempt nonprofit (EIN: 135600786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the American Maritime Officers Medical Plan manage to report 0% officer compensation with such high revenues?
The consistent reporting of 0% officer compensation across all available 990 filings suggests that either the officers are uncompensated, or their compensation is structured in a way that it is not reported under 'Officer Compensation' on the IRS Form 990, potentially through a related entity or as part of a broader union structure. Further investigation into their operational structure would be needed to fully understand this.
Is the organization financially stable given recent deficits?
While the organization experienced a slight deficit in 202309 ($238,849) and a larger one in 202109 ($1,996,544), its assets of $25,821,057 in 202309 and relatively low liabilities ($1,043,232) suggest a generally stable financial position. The deficits appear to be manageable fluctuations within its large operational budget, rather than indicative of severe instability.
What is the primary purpose of this organization's spending?
As a medical plan, the primary purpose of its spending is to provide medical benefits to its members. The vast majority of its expenses would be directly related to claims paid and healthcare services, which falls under programmatic spending.
Filing History
IRS 990 filing history for American Maritime Officers Medical Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Maritime Officers Medical Plan's revenue has grown by 4.4%, moving from $45.1M to $47.1M. Total assets decreased by 16.8% over the same period, from $31.0M to $25.8M. Total functional expenses rose by 28.3%, from $36.9M to $47.3M. In its most recent filing year (2023), American Maritime Officers Medical Plan reported a deficit of $239K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $25.8M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $24.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47.1M | $47.3M | $25.8M | $1.0M | — | — |
| 2022 | $53.0M | $48.3M | $26.1M | $1.1M | — | — |
| 2021 | $50.0M | $52.0M | $23.5M | $1.6M | — | View 990 |
| 2020 | $49.0M | $48.3M | $24.8M | $541K | — | — |
| 2019 | $49.5M | $48.3M | $25.4M | $1.8M | — | View 990 |
| 2018 | $49.2M | $46.4M | $23.1M | $1.1M | — | View 990 |
| 2017 | $47.7M | $41.7M | $19.9M | $764K | — | View 990 |
| 2016 | $47.7M | $45.6M | $14.1M | $914K | — | View 990 |
| 2015 | $35.4M | $44.8M | $11.8M | $696K | — | View 990 |
| 2014 | $34.4M | $39.7M | $21.5M | $929K | — | View 990 |
| 2013 | $38.1M | $45.4M | $27.0M | $964K | — | View 990 |
| 2012 | $46.8M | $44.6M | $34.6M | $1.3M | — | View 990 |
| 2011 | $45.1M | $36.9M | $31.0M | $659K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47.1M, expenses of $47.3M, and assets of $25.8M (revenue -11.1% year-over-year).
- 2022: Revenue of $53.0M, expenses of $48.3M, and assets of $26.1M (revenue +6.0% year-over-year).
- 2021: Revenue of $50.0M, expenses of $52.0M, and assets of $23.5M (revenue +2.0% year-over-year).
- 2020: Revenue of $49.0M, expenses of $48.3M, and assets of $24.8M (revenue -1.0% year-over-year).
- 2019: Revenue of $49.5M, expenses of $48.3M, and assets of $25.4M (revenue +0.6% year-over-year).
- 2018: Revenue of $49.2M, expenses of $46.4M, and assets of $23.1M (revenue +3.2% year-over-year).
- 2017: Revenue of $47.7M, expenses of $41.7M, and assets of $19.9M (revenue +-0.0% year-over-year).
- 2016: Revenue of $47.7M, expenses of $45.6M, and assets of $14.1M (revenue +34.7% year-over-year).
- 2015: Revenue of $35.4M, expenses of $44.8M, and assets of $11.8M (revenue +2.8% year-over-year).
- 2014: Revenue of $34.4M, expenses of $39.7M, and assets of $21.5M (revenue -9.7% year-over-year).
- 2013: Revenue of $38.1M, expenses of $45.4M, and assets of $27.0M (revenue -18.5% year-over-year).
- 2012: Revenue of $46.8M, expenses of $44.6M, and assets of $34.6M (revenue +3.8% year-over-year).
- 2011: Revenue of $45.1M, expenses of $36.9M, and assets of $31.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Maritime Officers Medical Plan:
Data Sources and Methodology
This transparency report for American Maritime Officers Medical Plan is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.