National Assoc of Naval Vets Port 5

EIN: 060641608

Bridgeport, CT

Total Revenue
$312,448
Total Expenses
$255,829
Total Assets
$557,667
Net Assets
$555,287
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CT
Principal Officer
James Bogas
Phone
2035769366
Tax Period
2024-10-01 to 2025-09-30

National Assoc of Naval Vets Port 5, founded in 1995, is a small nonprofit that reported $312K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 18% operating margin.

Mission

Port 5 is the designated drop off point for the U.S. Coast Guard and Bridgeport Police Department; grounds are used for rescue operations. Facilities are offered free of charge to sereral non-profit organization; boating safety Instructions are offered; serveral charities receive donations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $120,637
Program Service Revenue $0
Investment Income $5,633
Other Revenue $186,178
TOTAL REVENUE $312,448

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,334
Fundraising Expenses $0
Other Expenses $189,495
TOTAL EXPENSES $255,829

Year-over-Year Comparison

2024 2023 Change
Revenue $312,448 $249,060 +0.3%
Expenses $255,829 $221,096 +0.2%
Net Income $56,619 $27,964 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
8
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$9,239
Total Directors
9
$12,387
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Algarin Commander 10.00
Officer
$0 $5,258 $5,258
Brian Turco Executive Officer 10.00
Officer
$0 $3,981 $3,981
Bill Repko Navigator 10.00
Director
$0 $1,356 $1,356
Gus Markoja Officer of the Deck 10.00
Director
$0 $0 $0
Ted Tereniuk Trustee 10.00
Director
$0 $0 $0
Robert Goetz Paymaster 10.00
Director
$0 $4,989 $4,989
Philip Maguire Assistant Paymaster 10.00
Director
$0 $1,750 $1,750
Richard Iannucci Permittee 5.00
Director
$0 $3,720 $3,720
Tim Glover Trustee 5.00
Director
$0 $0 $0
John Sereno Trustee 5.00
Director
$0 $572 $572
David Houle Trustee 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $312,448 $255,829 $557,667 $56,619
2024 $249,060 $221,096 $501,229 $27,964
2023 $220,987 $195,438 $474,516 $25,549
2022 $226,212 $162,450 $447,456 $63,762
2021 $168,276 $131,127 $382,769 $37,149
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