Maritime Association Of The Port Of New York New Jersey
Maritime Association shows recent financial recovery after periods of deficit spending, with no reported officer compensation.
EIN: 135229950 · Elizabeth, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $873K |
| Total Expenses | $497K |
| Program Spending | 70% |
| Net Assets | $132K |
| Transparency Score | 70/100 |
Is Maritime Association Of The Port Of New York New Jersey Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maritime Association Of The Port Of New York New Jersey directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Maritime Association Of The Port Of New York New Jersey
Maritime Association Of The Port Of New York New Jersey (EIN: 135229950) is a nonprofit organization based in Elizabeth, NJ. The organization reported total revenue of $873K and total assets of $599K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maritime Association Of The Port Of New York New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maritime Association Of The Port Of New York New Jersey is a small nonprofit that has been operating for 84 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $519K |
| Total Expenses | $497K |
| Surplus / Deficit | +$22K |
| Total Assets | $533K |
| Total Liabilities | $401K |
| Net Assets | $132K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 75.2% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2024, Maritime Association Of The Port Of New York New Jersey reported a surplus of $22K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 75.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Maritime Association Of The Port Of New York New Jersey's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.1% | +5.3% | +36.9% |
| 2023 | +7.9% | -17.0% | -29.0% |
| 2022 | +0.4% | +17.3% | +71.4% |
| 2021 | -14.6% | -31.7% | +6.0% |
| 2020 | -15.7% | +3.8% | -37.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Maritime Association Of The Port Of New York New Jersey with a Mission Score of 70 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, Maritime Association Of The Port Of New York New Jersey allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and operational scope, suggesting either a fully volunteer executive team or compensation being reported in other expense categories.
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 Maritime Association Of The Port Of New York New Jersey's IRS 990 filings:
- Consistent reporting of 0% officer compensation without further explanation, which could indicate a lack of transparency if compensation is indeed paid but not disclosed in that specific field.
- Multiple years of operating deficits, such as in 202203 (expenses $568,953 vs. revenue $480,890) and 202003 (expenses $710,394 vs. revenue $560,971), indicating periods of financial strain.
Strengths
The following positive indicators were identified for Maritime Association Of The Port Of New York New Jersey:
- Long and consistent filing history (14 filings), demonstrating commitment to IRS compliance and transparency.
- Recent positive net income in 202403 (revenue $518,994 vs. expenses $497,383) and 202303 (revenue $518,696 vs. expenses $472,463), indicating improved financial management and stability.
- Healthy asset growth in the latest period, with assets increasing from $389,039 in 202303 to $532,695 in 202403.
Frequently Asked Questions about Maritime Association Of The Port Of New York New Jersey
Is Maritime Association Of The Port Of New York New Jersey a legitimate charity?
Based on AI analysis of IRS 990 filings, Maritime Association Of The Port Of New York New Jersey (EIN: 135229950) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Maritime Association Of The Port Of New York New Jersey spend its money?
Maritime Association Of The Port Of New York New Jersey directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maritime Association Of The Port Of New York New Jersey tax-deductible?
Maritime Association Of The Port Of New York New Jersey is registered as a tax-exempt nonprofit (EIN: 135229950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maritime Association Of The Port Of New York New Jersey's spending goes to programs?
Maritime Association Of The Port Of New York New Jersey directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Maritime Association Of The Port Of New York New Jersey located?
Maritime Association Of The Port Of New York New Jersey is headquartered in Elizabeth, New Jersey and files with the IRS under EIN 135229950.
How many years of IRS 990 filings does Maritime Association Of The Port Of New York New Jersey have?
Maritime Association Of The Port Of New York New Jersey has 14 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 $873K in total revenue.
How does the organization sustain its operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive compensation is categorized under other expense lines, which would require further investigation to understand fully.
What are the primary drivers of the fluctuations in revenue and expenses over the past decade?
The filings show periods of both revenue growth and decline, and expense volatility. For instance, revenue dropped from $734,630 in 201803 to $479,108 in 202103, while expenses peaked at $710,394 in 202003. Understanding the specific economic factors or organizational activities influencing these changes would provide deeper insight.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency and mission focus.
Filing History
IRS 990 filing history for Maritime Association Of The Port Of New York New Jersey showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Maritime Association Of The Port Of New York New Jersey's revenue has declined by 27.6%, moving from $717K to $519K. Total assets increased by 107.6% over the same period, from $257K to $533K. Total functional expenses fell by 31.6%, from $728K to $497K. In its most recent filing year (2024), Maritime Association Of The Port Of New York New Jersey reported a surplus of $22K, with revenue exceeding expenses. The organization holds $401K in liabilities against $533K in assets (debt-to-asset ratio: 75.2%), resulting in net assets of $132K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $519K | $497K | $533K | $401K | — | — |
| 2023 | $519K | $472K | $389K | $278K | — | View 990 |
| 2022 | $481K | $569K | $548K | $483K | — | View 990 |
| 2021 | $479K | $485K | $320K | $234K | — | View 990 |
| 2020 | $561K | $710K | $301K | $207K | — | — |
| 2019 | $665K | $684K | $483K | $232K | — | View 990 |
| 2018 | $735K | $641K | $461K | $189K | — | View 990 |
| 2017 | $740K | $658K | $397K | $219K | — | View 990 |
| 2016 | $778K | $753K | $343K | $277K | — | View 990 |
| 2015 | $678K | $696K | $319K | $278K | — | View 990 |
| 2014 | $697K | $693K | $288K | $230K | — | View 990 |
| 2013 | $771K | $785K | $262K | $208K | — | View 990 |
| 2012 | $751K | $791K | $290K | $221K | — | View 990 |
| 2011 | $717K | $728K | $257K | $149K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $519K, expenses of $497K, and assets of $533K (revenue +0.1% year-over-year).
- 2023: Revenue of $519K, expenses of $472K, and assets of $389K (revenue +7.9% year-over-year).
- 2022: Revenue of $481K, expenses of $569K, and assets of $548K (revenue +0.4% year-over-year).
- 2021: Revenue of $479K, expenses of $485K, and assets of $320K (revenue -14.6% year-over-year).
- 2020: Revenue of $561K, expenses of $710K, and assets of $301K (revenue -15.7% year-over-year).
- 2019: Revenue of $665K, expenses of $684K, and assets of $483K (revenue -9.4% year-over-year).
- 2018: Revenue of $735K, expenses of $641K, and assets of $461K (revenue -0.7% year-over-year).
- 2017: Revenue of $740K, expenses of $658K, and assets of $397K (revenue -4.9% year-over-year).
- 2016: Revenue of $778K, expenses of $753K, and assets of $343K (revenue +14.8% year-over-year).
- 2015: Revenue of $678K, expenses of $696K, and assets of $319K (revenue -2.8% year-over-year).
- 2014: Revenue of $697K, expenses of $693K, and assets of $288K (revenue -9.5% year-over-year).
- 2013: Revenue of $771K, expenses of $785K, and assets of $262K (revenue +2.6% year-over-year).
- 2012: Revenue of $751K, expenses of $791K, and assets of $290K (revenue +4.7% year-over-year).
- 2011: Revenue of $717K, expenses of $728K, and assets of $257K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maritime Association Of The Port Of New York New Jersey:
Data Sources and Methodology
This transparency report for Maritime Association Of The Port Of New York New Jersey 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.