Association Of Marina Industries
Association Of Marina Industries shows consistent revenue and asset growth with no reported officer compensation.
EIN: 161710160 · Warren, RI · NTEE: S46 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1,756,230. |
| Net Assets | $1.4M |
| Transparency Score | 75/100 |
Is Association Of Marina Industries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Association Of Marina Industries directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Association Of Marina Industries
Association Of Marina Industries (EIN: 161710160) is a nonprofit organization based in Warren, RI, classified under NTEE code S46. The organization reported total revenue of $1.8M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Association Of Marina Industries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Association Of Marina Industries is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$284K |
| Total Assets | $2.2M |
| Total Liabilities | $819K |
| Net Assets | $1.4M |
| Operating Margin | 17.8% |
| Debt-to-Asset Ratio | 37.7% |
| Months of Reserves | 19.9 months |
Financial Health Grade: A
In 2023, Association Of Marina Industries reported a surplus of $284K with revenue exceeding expenses, holds 19.9 months of operating reserves (strong position), has a debt-to-asset ratio of 37.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Association Of Marina Industries's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.3% | +11.9% | +18.4% |
| 2022 | +105.5% | +37.9% | +22.2% |
| 2021 | -44.9% | -23.8% | +1.3% |
| 2020 | -1.8% | -1.3% | -7.3% |
| 2019 | +25.9% | +15.4% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Association Of Marina Industries with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Association Of Marina Industries allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $284K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either that executive compensation is not paid or is reported under other expense categories, which could impact transparency regarding leadership costs relative to the organization's growing size and revenue of $1,756,230.
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 Association Of Marina Industries's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data
- Consistent 0% officer compensation reported, which may obscure actual leadership costs if compensated under other categories
Strengths
The following positive indicators were identified for Association Of Marina Industries:
- Consistent revenue growth, from $1,242,308 in 2019 to $1,593,138 in 2023
- Strong asset growth, reaching $2,964,562, indicating financial stability
- Consistent operating surpluses, with revenues exceeding expenses in most recent periods (e.g., $1,593,138 revenue vs. $1,309,429 expenses in 2023)
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance
Frequently Asked Questions about Association Of Marina Industries
Is Association Of Marina Industries a legitimate charity?
Association Of Marina Industries (EIN: 161710160) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Association Of Marina Industries spend its money?
Association Of Marina Industries directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Association Of Marina Industries tax-deductible?
Association Of Marina Industries is registered as a tax-exempt nonprofit (EIN: 161710160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Association Of Marina Industries CEO make?
Association Of Marina Industries's highest-compensated officer earns $1,756,230. annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Association Of Marina Industries's spending goes to programs?
Association Of Marina Industries directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Association Of Marina Industries compare to similar nonprofits?
With a transparency score of 75/100 (Good), Association Of Marina Industries is above average for NTEE category S46 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Association Of Marina Industries located?
Association Of Marina Industries is headquartered in Warren, Rhode Island and files with the IRS under EIN 161710160. It is classified under NTEE code S46.
How many years of IRS 990 filings does Association Of Marina Industries have?
Association Of Marina Industries has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed functional expense breakdown, making it difficult to precisely determine the allocation of funds to programs versus overhead. A general estimate has been provided based on typical industry association structures.
How does the organization manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation suggests either that no compensation is paid to officers, or it is categorized under other expense lines, which would require further investigation of the full IRS Form 990 to understand.
What are the specific programs and activities funded by the organization's revenue?
As an NTEE S46 (Business & Commerce Organization), its programs likely involve industry advocacy, education, networking events, and standards development for the marina industry. Specific details would be found in the organization's mission statement and program service accomplishments section of its 990.
What is the organization's strategy for managing its growing assets and liabilities?
The organization has shown consistent growth in assets, reaching $2,964,562, while liabilities have also increased, though at a slower pace, indicating active financial management. Further details on investment strategies or debt management would be in the full financial statements.
Filing History
IRS 990 filing history for Association Of Marina Industries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Association Of Marina Industries's revenue has grown by 82.6%, moving from $872K to $1.6M. Total assets increased by 266.5% over the same period, from $593K to $2.2M. Total functional expenses rose by 56.2%, from $838K to $1.3M. In its most recent filing year (2023), Association Of Marina Industries reported a surplus of $284K, with revenue exceeding expenses. The organization holds $819K in liabilities against $2.2M in assets (debt-to-asset ratio: 37.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.3M | $2.2M | $819K | — | View 990 |
| 2022 | $1.4M | $1.2M | $1.8M | $795K | — | View 990 |
| 2021 | $672K | $848K | $1.5M | $570K | — | View 990 |
| 2020 | $1.2M | $1.1M | $1.5M | $448K | — | — |
| 2019 | $1.2M | $1.1M | $1.6M | $671K | — | View 990 |
| 2018 | $986K | $977K | $1.4M | $622K | — | View 990 |
| 2017 | $1.1M | $958K | $1.4M | $562K | — | View 990 |
| 2016 | $1.1M | $956K | $1.3M | $601K | — | View 990 |
| 2015 | $1.0M | $898K | $1.2M | $613K | — | View 990 |
| 2014 | $970K | $877K | $954K | $524K | — | View 990 |
| 2013 | $921K | $862K | $838K | $502K | — | View 990 |
| 2012 | $789K | $787K | $690K | $413K | — | View 990 |
| 2011 | $872K | $838K | $593K | $318K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.3M, and assets of $2.2M (revenue +15.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.2M, and assets of $1.8M (revenue +105.5% year-over-year).
- 2021: Revenue of $672K, expenses of $848K, and assets of $1.5M (revenue -44.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $1.5M (revenue -1.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $1.6M (revenue +25.9% year-over-year).
- 2018: Revenue of $986K, expenses of $977K, and assets of $1.4M (revenue -7.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $958K, and assets of $1.4M (revenue +0.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $956K, and assets of $1.3M (revenue +2.1% year-over-year).
- 2015: Revenue of $1.0M, expenses of $898K, and assets of $1.2M (revenue +8.1% year-over-year).
- 2014: Revenue of $970K, expenses of $877K, and assets of $954K (revenue +5.3% year-over-year).
- 2013: Revenue of $921K, expenses of $862K, and assets of $838K (revenue +16.7% year-over-year).
- 2012: Revenue of $789K, expenses of $787K, and assets of $690K (revenue -9.5% year-over-year).
- 2011: Revenue of $872K, expenses of $838K, and assets of $593K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Association Of Marina Industries:
Data Sources and Methodology
This transparency report for Association Of Marina Industries 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.