United States Merchant Marine Academy Alumni Association and Foundation Inc (EIN 116037948) - 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

1944

Legal Domicile

Phone

5167735566

Tax Period

2023-01-01 to 2023-12-31

United States Merchant Marine Academy Alumni Association and Foundation Inc, founded in 1944, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2023. The organization ran a surplus of $1.7M, a strong 26% operating margin.

Mission

THE FOUNDATION SHALL EXIST TO SERVE, ASSIST, AND PERPETUATE THE ACADEMY, ITS REGIMENT OF MIDSHIPMEN, FACULTY, STAFF, AND ALUMNI.

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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 $4,941,121

Program Service Revenue $226,498

Investment Income $1,158,915

Other Revenue $239,050

TOTAL REVENUE $6,565,584

Expense Breakdown

Grants Paid $1,220,437

Salaries & Benefits $1,523,045

Fundraising Expenses $442,860

Program Expenses $2,534,601

Other Expenses $2,104,638

TOTAL EXPENSES $4,848,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,565,584	$6,652,900	0.0%
Expenses	$4,848,120	$4,461,666	+0.1%
Net Income	$1,717,464	$2,191,234	-0.2%

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

$398,410

Total Directors

$260,613

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	VICE CHAIR, FINANCE	2.0	Officer Director	$0	$0	$0
N/A	PRESIDENT AND CEO	40.0	Officer Director	$233,562	$27,051	$260,613
N/A	VICE CHAIR, STRATEGIC PLANNING	2.0	Officer Director	$0	$0	$0
N/A	Vice Chair (Alumni Affairs/Chapters)	2.0	Officer Director	$0	$0	$0
N/A	Vice CHAIRMAN(Finance)	2.0	Officer Director	$0	$0	$0
N/A	CHAIRMAN	4.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	Director	4.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	CHAPTERS DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	VICE PRESIDENT OF FINANCE	40.0	Officer	$119,497	$18,300	$137,797
N/A	VP OF BUS & STRATEGIC DEV.	40.0	Highest	$122,688	$11,415	$134,103
N/A	SENIOR VICE PRESIDENT	40.0	Highest	$132,154	$15,582	$147,736

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	$6,565,584	$4,848,120	$58,754,802	$1,717,464
2022	$6,652,900	$4,461,666	$54,000,919	$2,191,234
2021	$8,053,233	$3,926,858	$55,826,934	$4,126,375
2020	$6,960,658	$3,886,092	$50,977,403	$3,074,566
2019	$8,368,938	$4,765,904	$45,991,627	$3,603,034
2018	$5,431,895	$5,386,430	$39,337,265	$45,465

United States Merchant Marine Academy Alumni Association and Foundation Inc