UNITED STATES POWER SQUADRONS NATIONAL HEADQUARTERS

EIN: 221487365 501(c)(3)

RALEIGH, NC

Total Revenue
$1,622,370
Total Expenses
$2,292,383
Total Assets
$1,639,503
Net Assets
$1,297,815
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NC
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.

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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 $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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Governance

Voting Members
7
Independent Members
7
Employees
13
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
8
$84,083
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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