UNITED STATES POWER SQUADRONS NATI… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

SHIRLEY HEALD

Phone

8883678777

Tax Period

2023-12-01 to 2024-11-30

UNITED STATES POWER SQUADRONS NATIONAL HEADQUARTERS, founded in 1973, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROMOTE RECREATIONAL BOATING SAFETY THROUGH EDUCATION AND CIVIC ACTIVITIES WHILE PROVIDING FELLOWSHIP FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $1,966,256 Revenue: $400,172

EDUCATIONAL DEVELOPMENT AND PRODUCTION OF COURSE MATERIALS, BOATING INSTRUCTIONS, AND SAFETY. INCLUDES PUBLICATION OF "THE ENSIGN," A PERIODICAL THAT DISSEMINATES INFORMATION ABOUT BOATING AND...

EDUCATIONAL DEVELOPMENT AND PRODUCTION OF COURSE MATERIALS, BOATING INSTRUCTIONS, AND SAFETY. INCLUDES PUBLICATION OF "THE ENSIGN," A PERIODICAL THAT DISSEMINATES INFORMATION ABOUT BOATING AND BOATING SAFETY.

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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 $1,144,768

Program Service Revenue $181,795

Investment Income $36,502

Other Revenue $259,305

TOTAL REVENUE $1,622,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $836,813

Fundraising Expenses $13,060

Program Expenses $1,966,256

Other Expenses $1,455,570

TOTAL EXPENSES $2,292,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,622,370	$1,755,718	-0.1%
Expenses	$2,292,383	$1,959,379	+0.2%
Net Income	$-670,013	$-203,661	+2.3%

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

16245

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

$84,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH BERNARD	CHIEF COMMANDER	40.00	Officer Director	$0	$0	$0
MIKE WIEDEL	NATIONAL EXECUTIVE OFFICER	40.00	Officer Director	$0	$0	$0
CHARLES WELLS	NATIONAL EDUCATION OFFICER	40.00	Officer Director	$0	$0	$0
DAVID ALLEN	NATIONAL ADMINISTRATIVE OFFICER	40.00	Officer Director	$0	$0	$0
ALLAN LAKIN	NATIONAL SECRETARY	40.00	Officer Director	$0	$0	$0
SHIRLEY HEALD	NATIONAL TREASURER	40.00	Officer Director	$0	$0	$0
CRAIG FRASER	PAST CHIEF COMMANDER	40.00	Officer Director	$0	$0	$0
MAUREEN HEALEY	EXECUTIVE DIRECTOR	40.00	Officer	$84,083	$0	$84,083

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	$1,622,370	$2,292,383	$1,639,503	$-670,013
2023	$1,755,718	$1,959,379	$2,569,968	$-203,661
2022	$2,085,267	$1,720,678	$2,932,406	$364,589
2021	$1,928,103	$1,661,796	$2,820,754	$266,307
2020	$2,091,276	$2,237,684	$2,505,302	$-146,408
2019	$1,939,255	$2,416,106	$2,686,844	$-476,851
2018	$2,586,154	$2,545,214	$3,183,652	$40,940

UNITED STATES POWER SQUADRONS NATIONAL HEADQUARTERS