Mass Maritime Academy Alumni Assoc
EIN: 237273472 · Buzzards Bay, MA · NTEE: B84Z
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $214K |
| Net Assets | $237K |
Is Mass Maritime Academy Alumni Assoc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mass Maritime Academy Alumni Assoc
Mass Maritime Academy Alumni Assoc (EIN: 237273472) is a nonprofit organization based in Buzzards Bay, MA, classified under NTEE code B84Z. The organization reported total revenue of $280K and total assets of $463K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mass Maritime Academy Alumni Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mass Maritime Academy Alumni Assoc is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $199K |
| Total Expenses | $214K |
| Surplus / Deficit | $-15,570 |
| Total Assets | $317K |
| Total Liabilities | $80K |
| Net Assets | $237K |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 25.2% |
| Months of Reserves | 17.7 months |
Financial Health Grade: B
In 2023, Mass Maritime Academy Alumni Assoc reported a deficit of $16K with expenses exceeding revenue, holds 17.7 months of operating reserves (strong position), has a debt-to-asset ratio of 25.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Mass Maritime Academy Alumni Assoc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | +2.0% | +2.0% |
| 2022 | -3.1% | +56.7% | +5.2% |
| 2021 | +15.5% | +5.0% | +25.5% |
| 2020 | +45.4% | -7.3% | +18.9% |
| 2019 | -18.7% | +21.2% | -12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mass Maritime Academy Alumni Assoc 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 Mass Maritime Academy Alumni Assoc 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 $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.2%.
Frequently Asked Questions about Mass Maritime Academy Alumni Assoc
Is Mass Maritime Academy Alumni Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mass Maritime Academy Alumni Assoc (EIN: 237273472) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mass Maritime Academy Alumni Assoc spend its money?
Detailed spending breakdown data is not yet available for Mass Maritime Academy Alumni Assoc. Check back for updated IRS 990 analysis.
Are donations to Mass Maritime Academy Alumni Assoc tax-deductible?
Mass Maritime Academy Alumni Assoc is registered as a tax-exempt nonprofit (EIN: 237273472). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mass Maritime Academy Alumni Assoc located?
Mass Maritime Academy Alumni Assoc is headquartered in Buzzards Bay, Massachusetts and files with the IRS under EIN 237273472. It is classified under NTEE code B84Z.
How many years of IRS 990 filings does Mass Maritime Academy Alumni Assoc have?
Mass Maritime Academy Alumni Assoc has 12 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 $280K in total revenue.
Filing History
IRS 990 filing history for Mass Maritime Academy Alumni Assoc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Mass Maritime Academy Alumni Assoc's revenue has grown by 46.1%, moving from $136K to $199K. Total assets increased by 21.9% over the same period, from $260K to $317K. Total functional expenses rose by 66.5%, from $129K to $214K. In its most recent filing year (2023), Mass Maritime Academy Alumni Assoc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $80K in liabilities against $317K in assets (debt-to-asset ratio: 25.2%), resulting in net assets of $237K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $199K | $214K | $317K | $80K | — | View 990 |
| 2022 | $180K | $210K | $310K | $58K | — | View 990 |
| 2021 | $185K | $134K | $295K | $13K | — | View 990 |
| 2020 | $161K | $127K | $235K | $4K | — | — |
| 2019 | $110K | $137K | $198K | $0 | — | View 990 |
| 2018 | $136K | $113K | $225K | $0 | — | View 990 |
| 2016 | $199K | $283K | $225K | $0 | — | View 990 |
| 2015 | $157K | $147K | $314K | $5K | — | View 990 |
| 2014 | $156K | $153K | $304K | $5K | — | View 990 |
| 2013 | $122K | $124K | $302K | $5K | — | View 990 |
| 2012 | $143K | $105K | $303K | $5K | — | View 990 |
| 2011 | $136K | $129K | $260K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $199K, expenses of $214K, and assets of $317K (revenue +10.5% year-over-year).
- 2022: Revenue of $180K, expenses of $210K, and assets of $310K (revenue -3.1% year-over-year).
- 2021: Revenue of $185K, expenses of $134K, and assets of $295K (revenue +15.5% year-over-year).
- 2020: Revenue of $161K, expenses of $127K, and assets of $235K (revenue +45.4% year-over-year).
- 2019: Revenue of $110K, expenses of $137K, and assets of $198K (revenue -18.7% year-over-year).
- 2018: Revenue of $136K, expenses of $113K, and assets of $225K (revenue -31.7% year-over-year).
- 2016: Revenue of $199K, expenses of $283K, and assets of $225K (revenue +26.8% year-over-year).
- 2015: Revenue of $157K, expenses of $147K, and assets of $314K (revenue +0.6% year-over-year).
- 2014: Revenue of $156K, expenses of $153K, and assets of $304K (revenue +27.5% year-over-year).
- 2013: Revenue of $122K, expenses of $124K, and assets of $302K (revenue -14.2% year-over-year).
- 2012: Revenue of $143K, expenses of $105K, and assets of $303K (revenue +5.0% year-over-year).
- 2011: Revenue of $136K, expenses of $129K, and assets of $260K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mass Maritime Academy Alumni Assoc:
Data Sources and Methodology
This transparency report for Mass Maritime Academy Alumni Assoc 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.