Community Maritime Park Associates Inc
Community Maritime Park Associates Inc consistently operated at a deficit, with liabilities exceeding assets for the past five years, and reported zero revenue and assets in its latest filing.
EIN: 203207546 · Pensacola, FL · Updated: 2026-03-28
Is Community Maritime Park Associates Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Maritime Park Associates Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Community Maritime Park Associates Inc
Community Maritime Park Associates Inc (EIN: 203207546) is a nonprofit organization based in Pensacola, FL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Maritime Park Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Maritime Park Associates Inc is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $5.1M |
| Surplus / Deficit | $-1,597,564 |
| Total Assets | $50.1M |
| Total Liabilities | $55.3M |
| Net Assets | $-5,222,782 |
| Operating Margin | -45.1% |
| Debt-to-Asset Ratio | 110.4% |
| Months of Reserves | 116.8 months |
Financial Health Grade: C
In 2015, Community Maritime Park Associates Inc reported a deficit of $1.6M with expenses exceeding revenue, holds 116.8 months of operating reserves (strong position), has a debt-to-asset ratio of 110.4% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Community Maritime Park Associates Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +7.7% | +0.2% | -2.7% |
| 2014 | +18.8% | -0.6% | -3.5% |
| 2013 | -15.8% | +38.5% | -7.1% |
| 2012 | -21.7% | -23.5% | -3.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Maritime Park Associates Inc with a Mission Score of 35 out of 100 (Poor). 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, Community Maritime Park Associates Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 110.4%.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all five filings, suggesting either a volunteer-led executive team or that executive compensation is categorized under other expenses, which would require further scrutiny for full transparency.
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 Community Maritime Park Associates Inc's IRS 990 filings:
- Consistent operating deficits, with expenses significantly exceeding revenue in all reported years (e.g., $5,141,641 expenses vs. $3,544,077 revenue in 2015).
- Persistent negative net asset position, with liabilities consistently greater than assets (e.g., $55,285,445 liabilities vs. $50,062,663 assets in 2015).
- Latest filing shows $0 revenue and $0 assets, raising significant questions about the organization's current operational status and viability.
- Significant decline in assets from $59,139,100 in 2011 to $0 in the latest filing, indicating a substantial loss of organizational resources.
Strengths
The following positive indicators were identified for Community Maritime Park Associates Inc:
- No reported officer compensation, suggesting a potentially volunteer-led executive team or efficient use of funds in this area.
Frequently Asked Questions about Community Maritime Park Associates Inc
Is Community Maritime Park Associates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Maritime Park Associates Inc (EIN: 203207546) significant concerns. Mission Score: 35/100. 4 red flags identified, 1 strength noted.
How does Community Maritime Park Associates Inc spend its money?
Community Maritime Park Associates Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Maritime Park Associates Inc tax-deductible?
Community Maritime Park Associates Inc is registered as a tax-exempt nonprofit (EIN: 203207546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the current operational status of Community Maritime Park Associates Inc, given its latest filing shows $0 revenue and assets?
The latest filing showing $0 revenue and assets suggests the organization may have ceased operations, be in a dormant state, or have undergone a significant restructuring. Further investigation into their most recent activities or public statements would be necessary to confirm their current status.
How does Community Maritime Park Associates Inc plan to address its consistent operating deficits and negative net asset position?
The provided data indicates a consistent pattern of expenses exceeding revenue (e.g., $5,141,641 expenses vs. $3,544,077 revenue in 2015) and liabilities exceeding assets (e.g., $55,285,445 liabilities vs. $50,062,663 assets in 2015). The organization would need a clear strategy to either increase revenue significantly or drastically reduce expenses to achieve financial stability.
What are the specific breakdowns of program, administrative, and fundraising expenses for Community Maritime Park Associates Inc?
The provided summary data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a comprehensive assessment of spending efficiency and program focus.
Filing History
IRS 990 filing history for Community Maritime Park Associates Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Community Maritime Park Associates Inc's revenue has declined by 15.6%, moving from $4.2M to $3.5M. Total assets decreased by 15.3% over the same period, from $59.1M to $50.1M. Total functional expenses rose by 5.5%, from $4.9M to $5.1M. In its most recent filing year (2015), Community Maritime Park Associates Inc reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $55.3M in liabilities against $50.1M in assets (debt-to-asset ratio: 110.4%), resulting in net assets of $-5,222,782.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $3.5M | $5.1M | $50.1M | $55.3M | — | View 990 |
| 2014 | $3.3M | $5.1M | $51.5M | $55.1M | — | View 990 |
| 2013 | $2.8M | $5.2M | $53.3M | $55.1M | — | View 990 |
| 2012 | $3.3M | $3.7M | $57.3M | $55.6M | — | View 990 |
| 2011 | $4.2M | $4.9M | $59.1M | $60.0M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $3.5M, expenses of $5.1M, and assets of $50.1M (revenue +7.7% year-over-year).
- 2014: Revenue of $3.3M, expenses of $5.1M, and assets of $51.5M (revenue +18.8% year-over-year).
- 2013: Revenue of $2.8M, expenses of $5.2M, and assets of $53.3M (revenue -15.8% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.7M, and assets of $57.3M (revenue -21.7% year-over-year).
- 2011: Revenue of $4.2M, expenses of $4.9M, and assets of $59.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Maritime Park Associates Inc:
Data Sources and Methodology
This transparency report for Community Maritime Park Associates Inc 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.