Mm&P Maritime Advancement Training Ed & Safety Program
Mm&P Maritime Advancement Program faces declining revenue and increasing liabilities, with expenses exceeding revenue in recent years.
EIN: 132577386 · Linthicum Hts, MD · NTEE: J22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $4.7M |
| Program Spending | 85% |
| Net Assets | $3.5M |
| Transparency Score | 70/100 |
Is Mm&P Maritime Advancement Training Ed & Safety Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mm&P Maritime Advancement Training Ed & Safety Program directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mm&P Maritime Advancement Training Ed & Safety Program
Mm&P Maritime Advancement Training Ed & Safety Program (EIN: 132577386) is a nonprofit organization based in Linthicum Hts, MD, classified under NTEE code J22. The organization reported total revenue of $4.6M and total assets of $13.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mm&P Maritime Advancement Training Ed & Safety Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mm&P Maritime Advancement Training Ed & Safety Program is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-562,433 |
| Total Assets | $13.3M |
| Total Liabilities | $9.8M |
| Net Assets | $3.5M |
| Operating Margin | -13.7% |
| Debt-to-Asset Ratio | 73.6% |
| Months of Reserves | 34.1 months |
Financial Health Grade: C
In 2023, Mm&P Maritime Advancement Training Ed & Safety Program reported a deficit of $562K with expenses exceeding revenue, holds 34.1 months of operating reserves (strong position), has a debt-to-asset ratio of 73.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mm&P Maritime Advancement Training Ed & Safety Program's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.3% | +52.7% | +8.8% |
| 2022 | -40.5% | -61.5% | +0.0% |
| 2021 | -0.7% | -13.0% | -11.1% |
| 2020 | -48.7% | -19.3% | -26.3% |
| 2019 | -13.7% | +1.2% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1990 |
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 Mm&P Maritime Advancement Training Ed & Safety Program 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mm&P Maritime Advancement Training Ed & Safety Program allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $562K, with expenses exceeding revenue.
- Debt-to-asset ratio: 73.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive aspect, suggesting that all available funds are directed towards the organization's mission and operational costs rather than executive salaries.
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 Mm&P Maritime Advancement Training Ed & Safety Program's IRS 990 filings:
- Significant decline in revenue from $11,926,599 in 2016 to $4,113,779 in 2023.
- Expenses exceeding revenue in multiple recent periods (e.g., 2023: $4,676,212 expenses vs. $4,113,779 revenue).
- Increasing liabilities, reaching $9,764,602 in 2023, which represents a high proportion of total assets.
Strengths
The following positive indicators were identified for Mm&P Maritime Advancement Training Ed & Safety Program:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong commitment to mission.
- Maintains a substantial asset base of over $13 million, despite recent declines.
Frequently Asked Questions about Mm&P Maritime Advancement Training Ed & Safety Program
Is Mm&P Maritime Advancement Training Ed & Safety Program a legitimate charity?
Based on AI analysis of IRS 990 filings, Mm&P Maritime Advancement Training Ed & Safety Program (EIN: 132577386) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Mm&P Maritime Advancement Training Ed & Safety Program spend its money?
Mm&P Maritime Advancement Training Ed & Safety Program directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mm&P Maritime Advancement Training Ed & Safety Program tax-deductible?
Mm&P Maritime Advancement Training Ed & Safety Program is registered as a tax-exempt nonprofit (EIN: 132577386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mm&P Maritime Advancement Training Ed & Safety Program's spending goes to programs?
Mm&P Maritime Advancement Training Ed & Safety Program directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mm&P Maritime Advancement Training Ed & Safety Program compare to similar nonprofits?
With a transparency score of 70/100 (Good), Mm&P Maritime Advancement Training Ed & Safety Program is above average for NTEE category J22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mm&P Maritime Advancement Training Ed & Safety Program located?
Mm&P Maritime Advancement Training Ed & Safety Program is headquartered in Linthicum Hts, Maryland and files with the IRS under EIN 132577386. It is classified under NTEE code J22.
How many years of IRS 990 filings does Mm&P Maritime Advancement Training Ed & Safety Program have?
Mm&P Maritime Advancement Training Ed & Safety Program 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 $4.6M in total revenue.
Is Mm&P Maritime Advancement Training Ed & Safety Program financially stable?
The organization's financial stability appears to be declining. Revenue has decreased significantly from $11,926,599 in 2016 to $4,113,779 in 2023, and expenses have exceeded revenue in several recent periods, including 2023 ($4,676,212 expenses vs. $4,113,779 revenue).
How has the organization's asset base changed over time?
The organization's assets have decreased from a peak of $18,610,746 in 2019 to $13,272,454 in 2023, indicating a reduction in its overall resource base.
What is the trend in the organization's liabilities?
Liabilities have generally increased over the past decade, reaching $9,764,602 in 2023, which is a significant portion of its total assets ($13,272,454).
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating that officers do not receive salaries.
Filing History
IRS 990 filing history for Mm&P Maritime Advancement Training Ed & Safety Program showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mm&P Maritime Advancement Training Ed & Safety Program's revenue has declined by 30.1%, moving from $5.9M to $4.1M. Total assets decreased by 3.3% over the same period, from $13.7M to $13.3M. Total functional expenses fell by 35.9%, from $7.3M to $4.7M. In its most recent filing year (2023), Mm&P Maritime Advancement Training Ed & Safety Program reported a deficit of $562K, with expenses exceeding revenue. The organization holds $9.8M in liabilities against $13.3M in assets (debt-to-asset ratio: 73.6%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $4.7M | $13.3M | $9.8M | — | — |
| 2022 | $3.0M | $3.1M | $12.2M | $8.1M | — | View 990 |
| 2021 | $5.0M | $8.0M | $12.2M | $8.3M | — | View 990 |
| 2020 | $5.0M | $9.1M | $13.7M | $9.2M | — | View 990 |
| 2019 | $9.7M | $11.3M | $18.6M | $10.0M | — | — |
| 2018 | $11.3M | $11.2M | $16.0M | $5.8M | — | View 990 |
| 2017 | $9.8M | $11.6M | $17.2M | $7.0M | — | View 990 |
| 2016 | $11.9M | $11.8M | $18.0M | $6.1M | — | View 990 |
| 2015 | $10.8M | $10.0M | $16.0M | $4.2M | — | View 990 |
| 2014 | $9.2M | $8.8M | $14.6M | $3.6M | — | View 990 |
| 2013 | $8.2M | $7.9M | $14.9M | $4.4M | — | View 990 |
| 2012 | $6.6M | $7.7M | $13.7M | $3.4M | — | View 990 |
| 2011 | $5.9M | $7.3M | $13.7M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $4.7M, and assets of $13.3M (revenue +39.3% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.1M, and assets of $12.2M (revenue -40.5% year-over-year).
- 2021: Revenue of $5.0M, expenses of $8.0M, and assets of $12.2M (revenue -0.7% year-over-year).
- 2020: Revenue of $5.0M, expenses of $9.1M, and assets of $13.7M (revenue -48.7% year-over-year).
- 2019: Revenue of $9.7M, expenses of $11.3M, and assets of $18.6M (revenue -13.7% year-over-year).
- 2018: Revenue of $11.3M, expenses of $11.2M, and assets of $16.0M (revenue +14.8% year-over-year).
- 2017: Revenue of $9.8M, expenses of $11.6M, and assets of $17.2M (revenue -17.5% year-over-year).
- 2016: Revenue of $11.9M, expenses of $11.8M, and assets of $18.0M (revenue +10.8% year-over-year).
- 2015: Revenue of $10.8M, expenses of $10.0M, and assets of $16.0M (revenue +16.6% year-over-year).
- 2014: Revenue of $9.2M, expenses of $8.8M, and assets of $14.6M (revenue +13.0% year-over-year).
- 2013: Revenue of $8.2M, expenses of $7.9M, and assets of $14.9M (revenue +23.9% year-over-year).
- 2012: Revenue of $6.6M, expenses of $7.7M, and assets of $13.7M (revenue +11.9% year-over-year).
- 2011: Revenue of $5.9M, expenses of $7.3M, and assets of $13.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mm&P Maritime Advancement Training Ed & Safety Program:
Data Sources and Methodology
This transparency report for Mm&P Maritime Advancement Training Ed & Safety Program 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.