Tma Bluetech EIN 46-3107708

Tma Bluetech

EIN  46-3107708 Business league / trade association San Diego, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Promotes sustainable ocean industries, innovation, and jobs through education, policy, and technology.
Leadership
Matt Classen · Executive Director · $116K
Money in and out
$313K revenue, $339K expenses
Bottom line
-8% operating surplus

Promotes sustainable ocean industries, innovation, and jobs through education, policy, and technology. For fiscal year 2024 it reported $313K in revenue, $339K in expenses, and $120K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$313K
Pt VIII · Ln 12
Total expenses
$339K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26K
Operating surplus
-8%
revenue over expenses▲ +53% vs prior filing year
Earned revenue
48%
of revenue from program services & dues▼ -3% vs prior filing year
Payroll share
45%
of spending is salaries & benefits▼ -15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$313K
FY2024▲ +1%
Expenses
$339K
FY2024▼ -7%
Total assets
$142K
FY2024▼ -17%
Total liabilities
$22K
FY2024▼ -25%
Total revenue
$313K
Pt VIII · Ln 12
Total expenses
$339K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$26K
Total assetsPt X · Ln 16$142K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 421

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTma Bluetech
EINHdr · item D46-3107708
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jwww.tmabluetech.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$116,000Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Matt Classen’s $116K as Executive Director is at the 80th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Matt Classen$116,000$116,000$116,000$42,183

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$162K · 52%
Program service revenue$151K · 48%
Contributions & grants52%$162K
Program service revenue48%$151K
— government grantsLn 1e$69K
Total revenueLn 12$313K

Balance Sheet

Part X · end of year
CashLn 1$89K
Total assetsLn 16$142K
Total liabilitiesLn 26$22K
Total net assetsLn 32$120K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $119K · Operating expenses/yr $339K
4.2 months
Where the money goes
Program services
Program services — · Total expenses $339K
Management & General
Management & general — · Total expenses $339K
Fundraising
Fundraising — · Total expenses $339K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $162K · Total revenue $313K
52%
Government reliance
Government grants $69K · Total revenue $313K
22%
Earned-income share
Program service revenue $151K · Total revenue $313K
48%
Investment reliance
Investment income $0 · Total revenue $313K
0%
Program self-sufficiency
Program service revenue $151K · Total expenses $339K
45%
Growth & trend
Revenue growth (YoY)
This year $313K · Prior year $310K
+1%
Revenue CAGR
FY2020 $249K · FY2024 $313K
+6%
Net-asset trend (YoY)
End of year $120K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $313K · Expenses $339K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $142K
Net-asset ratio
Net assets $120K · Total assets $142K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $29K · Total assets (Pt X, ln 16) $142K
21%
People & payroll
Highest Reported Total Compensation
Individual Matt Classen · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $116K · Total expenses $339K
34%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $152K · Total expenses $339K
45%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth 1%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$313K revenue · viewing · ⤓ 990 PDF
FY2023$310K revenue · ⤓ 990 PDF
FY2022$350K revenue · ⤓ 990 PDF
FY2021$250K revenue · ⤓ 990 PDF
FY2020$249K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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