Cutwater Maritime Educational Services
EIN: 274332610 · Baltimore, MD · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.6M |
| Net Assets | $-5,587,303 |
Is Cutwater Maritime Educational Services Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cutwater Maritime Educational Services
Cutwater Maritime Educational Services (EIN: 274332610) is a nonprofit organization based in Baltimore, MD, classified under NTEE code B90. The organization reported total revenue of $1.2M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cutwater Maritime Educational Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cutwater Maritime Educational Services is a mid-size nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-522,715 |
| Total Assets | $231K |
| Total Liabilities | $5.8M |
| Net Assets | $-5,587,303 |
| Operating Margin | -46.7% |
| Debt-to-Asset Ratio | 2521.1% |
| Months of Reserves | 1.7 months |
Financial Health Grade: D
In 2023, Cutwater Maritime Educational Services reported a deficit of $523K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 2521.1% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Cutwater Maritime Educational Services's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.2% | +49.3% | +11.0% |
| 2022 | +22.5% | -26.4% | +194.7% |
| 2021 | +86.7% | -4.3% | +10.0% |
| 2020 | -46.0% | -8.2% | -44.8% |
| 2019 | -38.0% | +8.6% | -42.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cutwater Maritime Educational Services has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cutwater Maritime Educational Services with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $523K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2521.1%.
Frequently Asked Questions about Cutwater Maritime Educational Services
Is Cutwater Maritime Educational Services a legitimate charity?
Cutwater Maritime Educational Services (EIN: 274332610) is a registered tax-exempt nonprofit based in Maryland. It has 7 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: D.
How does Cutwater Maritime Educational Services spend its money?
Cutwater Maritime Educational Services reported $1.2M in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cutwater Maritime Educational Services tax-deductible?
Cutwater Maritime Educational Services is registered as a tax-exempt nonprofit (EIN: 274332610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cutwater Maritime Educational Services located?
Cutwater Maritime Educational Services is headquartered in Baltimore, Maryland and files with the IRS under EIN 274332610. It is classified under NTEE code B90.
How many years of IRS 990 filings does Cutwater Maritime Educational Services have?
Cutwater Maritime Educational Services has 7 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Cutwater Maritime Educational Services showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Cutwater Maritime Educational Services's revenue has grown by 35.5%, moving from $825K to $1.1M. Total assets decreased by 6.4% over the same period, from $247K to $231K. Total functional expenses fell by 4.6%, from $1.7M to $1.6M. In its most recent filing year (2023), Cutwater Maritime Educational Services reported a deficit of $523K, with expenses exceeding revenue. The organization holds $5.8M in liabilities against $231K in assets (debt-to-asset ratio: 2521.1%), resulting in net assets of $-5,587,303.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.6M | $231K | $5.8M | — | — |
| 2022 | $744K | $1.1M | $208K | $5.3M | — | View 990 |
| 2021 | $608K | $1.5M | $71K | $4.8M | — | View 990 |
| 2020 | $325K | $1.6M | $64K | $3.9M | — | View 990 |
| 2019 | $602K | $1.7M | $116K | $2.7M | — | View 990 |
| 2018 | $971K | $1.6M | $202K | $1.7M | — | View 990 |
| 2017 | $825K | $1.7M | $247K | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.6M, and assets of $231K (revenue +50.2% year-over-year).
- 2022: Revenue of $744K, expenses of $1.1M, and assets of $208K (revenue +22.5% year-over-year).
- 2021: Revenue of $608K, expenses of $1.5M, and assets of $71K (revenue +86.7% year-over-year).
- 2020: Revenue of $325K, expenses of $1.6M, and assets of $64K (revenue -46.0% year-over-year).
- 2019: Revenue of $602K, expenses of $1.7M, and assets of $116K (revenue -38.0% year-over-year).
- 2018: Revenue of $971K, expenses of $1.6M, and assets of $202K (revenue +17.7% year-over-year).
- 2017: Revenue of $825K, expenses of $1.7M, and assets of $247K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cutwater Maritime Educational Services:
Data Sources and Methodology
This transparency report for Cutwater Maritime Educational Services 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.