THE USMMA SAILING FOUNDATION INC (EIN 113561278) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

LARRY A LARSEN

Phone

6154658201

Tax Period

2023-01-01 to 2023-12-31

THE USMMA SAILING FOUNDATION INC, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $18.0M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $40.9M represent 27 months of operating reserves.

Mission

TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY & CONDUCT MARITIME EDUCATION/TRAINING

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,105,914

Program Service Revenue $0

Investment Income $-866,250

Other Revenue $1,750,251

TOTAL REVENUE $17,989,915

Expense Breakdown

Grants Paid $474,432

Salaries & Benefits $668,141

Fundraising Expenses $153,784

Program Expenses $17,407,485

Other Expenses $16,736,729

TOTAL EXPENSES $17,879,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,989,915	$23,174,349	-0.2%
Expenses	$17,879,302	$14,502,572	+0.2%
Net Income	$110,613	$8,671,777	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$290,400

Total Directors

$150,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY G NEUBERTH	CHAIRMAN	3.00	Officer Director	$0	$0	$0
PAUL STRAUCH	TRUSTEE	3.00	Director	$0	$0	$0
BRIAN GIORGIO	TRUSTEE	3.00	Director	$0	$0	$0
CHRISTOPHER J GASIOREK	TRUSTEE	3.00	Director	$0	$0	$0
RALF STEITZ	PRESIDENT	40.00	Officer Director	$125,000	$25,000	$150,000
LARRY A LARSEN	SECRETARY/TREASURER	40.00	Officer	$140,400	$0	$140,400

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	$17,989,915	$17,879,302	$41,682,319	$110,613
2022	$23,174,349	$14,502,572	$41,405,905	$8,671,777
2021	$5,996,554	$13,164,167	$32,552,654	$-7,167,613
2020	$5,647,289	$9,014,836	$40,024,161	$-3,367,547
2019	$6,017,341	$11,518,901	$42,815,023	$-5,501,560
2018	$11,364,744	$13,206,545	$48,359,647	$-1,841,801

THE USMMA SAILING FOUNDATION INC