Masters Mates & Pilots Vacation Fund
Masters Mates & Pilots Vacation Fund consistently operates with revenues closely matching expenses and reports no officer compensation.
EIN: 135638830 · Linthicum Hts, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $44.3M |
| Total Expenses | $40.3M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $12.3M |
| Transparency Score | 85/100 |
Is Masters Mates & Pilots Vacation Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Masters Mates & Pilots Vacation Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Masters Mates & Pilots Vacation Fund
Masters Mates & Pilots Vacation Fund (EIN: 135638830) is a nonprofit organization based in Linthicum Hts, MD. The organization reported total revenue of $44.3M and total assets of $14.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masters Mates & Pilots Vacation Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Masters Mates & Pilots Vacation Fund is a large nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.4M |
| Total Expenses | $40.3M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $13.0M |
| Total Liabilities | $702K |
| Net Assets | $12.3M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Masters Mates & Pilots Vacation Fund reported a surplus of $1.1M with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Masters Mates & Pilots Vacation Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +6.9% | +11.4% |
| 2022 | +3.9% | +6.8% | +0.1% |
| 2021 | +6.6% | +8.8% | +4.5% |
| 2020 | +0.6% | -2.0% | +18.7% |
| 2019 | +4.5% | +1.7% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Masters Mates & Pilots Vacation Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Masters Mates & Pilots Vacation Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size with revenues exceeding $40 million.
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 Masters Mates & Pilots Vacation Fund's IRS 990 filings:
- Unknown NTEE Code, limiting clear categorization of its charitable purpose
- Consistent reporting of 0% officer compensation for an organization with over $40 million in revenue, which warrants further investigation into compensation structures.
Strengths
The following positive indicators were identified for Masters Mates & Pilots Vacation Fund:
- Consistent financial reporting over 13 years, indicating strong compliance.
- Revenues consistently cover expenses, demonstrating financial stability.
- Steady growth in assets from $9.5 million to $13 million over the last decade.
- Low liabilities relative to assets, indicating a healthy balance sheet.
- No reported officer compensation, suggesting a focus on mission-related spending or a unique operational model.
Frequently Asked Questions about Masters Mates & Pilots Vacation Fund
Is Masters Mates & Pilots Vacation Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Masters Mates & Pilots Vacation Fund (EIN: 135638830) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Masters Mates & Pilots Vacation Fund spend its money?
Masters Mates & Pilots Vacation Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Masters Mates & Pilots Vacation Fund tax-deductible?
Masters Mates & Pilots Vacation Fund is registered as a tax-exempt nonprofit (EIN: 135638830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Masters Mates & Pilots Vacation Fund CEO make?
Masters Mates & Pilots Vacation Fund's highest-compensated officer earns $40 annually. The organization reported $44.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Masters Mates & Pilots Vacation Fund located?
Masters Mates & Pilots Vacation Fund is headquartered in Linthicum Hts, Maryland and files with the IRS under EIN 135638830.
How many years of IRS 990 filings does Masters Mates & Pilots Vacation Fund have?
Masters Mates & Pilots Vacation Fund 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 $44.3M in total revenue.
What is the specific purpose of the 'Vacation Fund' and who are its beneficiaries?
The provided data does not detail the specific purpose or beneficiaries of the 'Vacation Fund'. Further investigation into the organization's mission statement or other public documents would be necessary to understand its programmatic activities.
How does the organization manage its administrative costs given its large revenue and asset base?
Without a detailed functional expense breakdown, it's difficult to precisely assess administrative costs. However, the close alignment of revenues and expenses suggests efficient overall management, and the absence of officer compensation implies a lean executive overhead.
Why is there no officer compensation reported for an organization with over $40 million in revenue?
The consistent reporting of zero officer compensation is highly unusual for an organization of this scale. This could indicate that officers are compensated through other means not reported as 'officer compensation' on the 990, or that the organization is structured in a way where leadership roles are unpaid or compensated by a related entity.
Filing History
IRS 990 filing history for Masters Mates & Pilots Vacation Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Masters Mates & Pilots Vacation Fund's revenue has grown by 24.7%, moving from $33.2M to $41.4M. Total assets increased by 18.7% over the same period, from $11.0M to $13.0M. Total functional expenses rose by 21.7%, from $33.1M to $40.3M. In its most recent filing year (2023), Masters Mates & Pilots Vacation Fund reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $702K in liabilities against $13.0M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $12.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.4M | $40.3M | $13.0M | $702K | — | — |
| 2022 | $37.5M | $37.7M | $11.7M | $512K | — | — |
| 2021 | $36.1M | $35.3M | $11.7M | $335K | — | View 990 |
| 2020 | $33.9M | $32.4M | $11.2M | $651K | — | View 990 |
| 2019 | $33.7M | $33.1M | $9.4M | $338K | — | — |
| 2018 | $32.2M | $32.5M | $9.1M | $559K | — | View 990 |
| 2017 | $32.1M | $32.3M | $9.1M | $293K | — | View 990 |
| 2016 | $32.5M | $32.7M | $9.5M | $524K | — | View 990 |
| 2015 | $32.4M | $32.2M | $9.6M | $438K | — | View 990 |
| 2014 | $32.4M | $31.7M | $9.5M | $624K | — | View 990 |
| 2013 | $30.0M | $30.8M | $8.9M | $670K | — | View 990 |
| 2012 | $32.1M | $33.4M | $9.7M | $655K | — | View 990 |
| 2011 | $33.2M | $33.1M | $11.0M | $629K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.4M, expenses of $40.3M, and assets of $13.0M (revenue +10.4% year-over-year).
- 2022: Revenue of $37.5M, expenses of $37.7M, and assets of $11.7M (revenue +3.9% year-over-year).
- 2021: Revenue of $36.1M, expenses of $35.3M, and assets of $11.7M (revenue +6.6% year-over-year).
- 2020: Revenue of $33.9M, expenses of $32.4M, and assets of $11.2M (revenue +0.6% year-over-year).
- 2019: Revenue of $33.7M, expenses of $33.1M, and assets of $9.4M (revenue +4.5% year-over-year).
- 2018: Revenue of $32.2M, expenses of $32.5M, and assets of $9.1M (revenue +0.4% year-over-year).
- 2017: Revenue of $32.1M, expenses of $32.3M, and assets of $9.1M (revenue -1.3% year-over-year).
- 2016: Revenue of $32.5M, expenses of $32.7M, and assets of $9.5M (revenue +0.5% year-over-year).
- 2015: Revenue of $32.4M, expenses of $32.2M, and assets of $9.6M (revenue +0.1% year-over-year).
- 2014: Revenue of $32.4M, expenses of $31.7M, and assets of $9.5M (revenue +7.7% year-over-year).
- 2013: Revenue of $30.0M, expenses of $30.8M, and assets of $8.9M (revenue -6.3% year-over-year).
- 2012: Revenue of $32.1M, expenses of $33.4M, and assets of $9.7M (revenue -3.5% year-over-year).
- 2011: Revenue of $33.2M, expenses of $33.1M, and assets of $11.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Masters Mates & Pilots Vacation Fund:
Data Sources and Methodology
This transparency report for Masters Mates & Pilots Vacation Fund 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.