UNITED STATES SUBMARINE VETERANS INC DBA USSVI

EIN: 061007203

GROTON, CT

Total Revenue
$1,197,994
Total Expenses
$1,108,465
Total Assets
$2,697,335
Net Assets
$2,697,198
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
CT
Phone
7573289796
Tax Period
2023-01-01 to 2023-12-31

UNITED STATES SUBMARINE VETERANS INC DBA USSVI, founded in 1963, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 7% surplus.

Mission

USSVI is a war veterans organization that is a nationwide fraternal membership organization for all United States submarine veterans, which maintains over 70 submarine related memorials and monuments and oversees the preservation and recording of submarine history.

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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 (2023)

Revenue Breakdown

Contributions & Grants $602,729
Program Service Revenue $147,286
Investment Income $8,283
Other Revenue $439,696
TOTAL REVENUE $1,197,994

Expense Breakdown

Grants Paid $32,568
Salaries & Benefits $36,253
Fundraising Expenses $0
Program Expenses $1,108,465
Other Expenses $1,039,644
TOTAL EXPENSES $1,108,465

Year-over-Year Comparison

2023 2022 Change
Revenue $1,197,994 $994,232 +0.2%
Expenses $1,108,465 $1,031,816 +0.1%
Net Income $89,529 $-37,584 -3.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
9
Volunteers
1000

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
6
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven D Bell Nat'l Jr V Cmdr 20.00
Officer Director
$0 $0 $0
David Campbell Nat'l Secretary 25.00
Officer Director
$0 $0 $0
Leslie P Altschuler NE Regional Dir 20.00
Director
$0 $0 $0
Kenneth W Nichols SE Regional Dir 20.00
Director
$0 $0 $0
John R Sidlovsky Nat'l Treasurer 25.00
Officer Director
$0 $0 $0
William Andrea National Cmdr 25.00
Officer Director
$0 $0 $0
Peter Juhos W Regional Dir 20.00
Director
$0 $0 $0
Charles Martin District Cmdr 20.00
Director
$0 $0 $0
Wayne Standerfer Past Nat'l Cmdr 20.00
Officer Director
$0 $0 $0
Jon D Jaques Natl Sr Vice Cm 20.00
Officer Director
$0 $0 $0
Wyvel T Williams III C Regional Dir 20.00
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
2024 No data No data No data No data
2023 $1,197,994 $1,108,465 $2,697,335 $89,529
2022 $994,232 $1,031,816 $2,500,978 $-37,584
2021 $953,202 $894,480 $2,673,894 $58,722
2020 $645,356 $521,405 $2,515,127 $123,951
2019 $1,066,690 $1,098,486 $2,350,361 $-31,796
2018 $1,164,855 $1,165,744 $2,305,924 $-889
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