American Maritime Officers Safety & Education Plan
American Maritime Officers Safety & Education Plan consistently spends near its revenue with no reported officer compensation.
EIN: 131952549 · Dania Beach, FL · NTEE: B600 · Updated: 2026-03-28
Is American Maritime Officers Safety & Education 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 Safety & Education Plan directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Maritime Officers Safety & Education Plan
American Maritime Officers Safety & Education Plan (EIN: 131952549) is a nonprofit organization based in Dania Beach, FL, classified under NTEE code B600. The organization reported total revenue of $24.6M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Maritime Officers Safety & Education Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Maritime Officers Safety & Education Plan is a large nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.3M |
| Total Expenses | $21.9M |
| Surplus / Deficit | +$349K |
| Total Assets | $6.4M |
| Total Liabilities | $1.4M |
| Net Assets | $5.0M |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 3.5 months |
Financial Health Grade: A
In 2023, American Maritime Officers Safety & Education Plan reported a surplus of $349K with revenue exceeding expenses, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Maritime Officers Safety & Education Plan's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.2% | +12.8% | +22.9% |
| 2022 | -21.2% | +3.0% | -42.3% |
| 2021 | -4.1% | -0.3% | -2.0% |
| 2020 | +22.5% | -0.9% | +52.1% |
| 2019 | -6.0% | +2.6% | -21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Safety & Education Plan with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, American Maritime Officers Safety & Education Plan allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $349K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive indicator, suggesting that all funds are directed towards the organization's mission and operational costs, rather than executive salaries.
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 Safety & Education Plan's IRS 990 filings:
- Significant decline in assets over the past decade (from $27.9M in 2014 to $6.3M in 2023)
- Expenses exceeded revenue in several years (e.g., 2022: $19.4M expenses vs. $15.8M revenue; 2019: $19.1M expenses vs. $17.1M revenue), potentially drawing down reserves.
Strengths
The following positive indicators were identified for American Maritime Officers Safety & Education Plan:
- Consistent reporting of 0% officer compensation, indicating strong mission focus.
- Expenses generally align closely with revenue, suggesting efficient use of funds for programs.
- Long filing history (13 filings) demonstrates consistent operation and transparency.
Frequently Asked Questions about American Maritime Officers Safety & Education Plan
Is American Maritime Officers Safety & Education Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, American Maritime Officers Safety & Education Plan (EIN: 131952549) some concerns. Mission Score: 92/100. 2 red flags identified, 3 strengths noted.
How does American Maritime Officers Safety & Education Plan spend its money?
American Maritime Officers Safety & Education Plan directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Maritime Officers Safety & Education Plan tax-deductible?
American Maritime Officers Safety & Education Plan is registered as a tax-exempt nonprofit (EIN: 131952549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is American Maritime Officers Safety & Education Plan a good charity?
Based on the provided data, the organization appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission over executive pay. Its expenses generally align with its revenue, suggesting efficient use of funds, as seen in 2023 where expenses were $21,928,359 against revenues of $22,277,701.
How has the organization's financial health changed over time?
The organization's financial health has seen fluctuations. While revenue and expenses have generally remained stable, assets have decreased significantly from a high of $27,968,230 in 2014 to $6,396,282 in 2023. This trend warrants further investigation to understand the underlying reasons for the asset decline.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a policy where no officers receive salaries from the organization. This is a strong positive for transparency and mission focus.
Filing History
IRS 990 filing history for American Maritime Officers Safety & Education Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Maritime Officers Safety & Education Plan's revenue has grown by 113.3%, moving from $10.4M to $22.3M. Total assets decreased by 79.6% over the same period, from $31.4M to $6.4M. Total functional expenses rose by 47.6%, from $14.9M to $21.9M. In its most recent filing year (2023), American Maritime Officers Safety & Education Plan reported a surplus of $349K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $6.4M in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.3M | $21.9M | $6.4M | $1.4M | — | — |
| 2022 | $15.9M | $19.4M | $5.2M | $652K | — | View 990 |
| 2021 | $20.2M | $18.9M | $9.0M | $868K | — | View 990 |
| 2020 | $21.0M | $18.9M | $9.2M | $2.3M | — | View 990 |
| 2019 | $17.2M | $19.1M | $6.0M | $1.3M | — | View 990 |
| 2018 | $18.3M | $18.6M | $7.7M | $1.0M | — | View 990 |
| 2017 | $10.3M | $18.3M | $8.4M | $1.3M | — | View 990 |
| 2016 | $12.0M | $18.9M | $15.9M | $762K | — | View 990 |
| 2015 | $13.7M | $18.7M | $24.1M | $2.2M | — | View 990 |
| 2014 | $18.8M | $16.9M | $28.0M | $1.0M | — | View 990 |
| 2013 | $16.0M | $17.2M | $26.0M | $1.0M | — | View 990 |
| 2012 | $12.9M | $16.5M | $27.2M | $985K | — | View 990 |
| 2011 | $10.4M | $14.9M | $31.4M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.3M, expenses of $21.9M, and assets of $6.4M (revenue +40.2% year-over-year).
- 2022: Revenue of $15.9M, expenses of $19.4M, and assets of $5.2M (revenue -21.2% year-over-year).
- 2021: Revenue of $20.2M, expenses of $18.9M, and assets of $9.0M (revenue -4.1% year-over-year).
- 2020: Revenue of $21.0M, expenses of $18.9M, and assets of $9.2M (revenue +22.5% year-over-year).
- 2019: Revenue of $17.2M, expenses of $19.1M, and assets of $6.0M (revenue -6.0% year-over-year).
- 2018: Revenue of $18.3M, expenses of $18.6M, and assets of $7.7M (revenue +77.6% year-over-year).
- 2017: Revenue of $10.3M, expenses of $18.3M, and assets of $8.4M (revenue -14.5% year-over-year).
- 2016: Revenue of $12.0M, expenses of $18.9M, and assets of $15.9M (revenue -11.9% year-over-year).
- 2015: Revenue of $13.7M, expenses of $18.7M, and assets of $24.1M (revenue -27.4% year-over-year).
- 2014: Revenue of $18.8M, expenses of $16.9M, and assets of $28.0M (revenue +17.9% year-over-year).
- 2013: Revenue of $16.0M, expenses of $17.2M, and assets of $26.0M (revenue +24.0% year-over-year).
- 2012: Revenue of $12.9M, expenses of $16.5M, and assets of $27.2M (revenue +23.2% year-over-year).
- 2011: Revenue of $10.4M, expenses of $14.9M, and assets of $31.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Maritime Officers Safety & Education Plan:
Data Sources and Methodology
This transparency report for American Maritime Officers Safety & Education 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.