USPS EDUCATIONAL FUND

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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

1974

Legal Domicile

Principal Officer

WILLIAM LEE POPHAM SR

Phone

2539277474

Tax Period

2023-12-01 to 2024-11-30

USPS EDUCATIONAL FUND, founded in 1974, is a small nonprofit that reported $422K in total revenue in fiscal year 2023. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 24% operating margin.

Mission

GRANTS ARE PROVIDED TO SUPPORT PROGRAMS THAT FURTHER BOATING SKILLS AND MARINE SAFETY EDUCATION FOR THE GENERAL PUBLIC AND FOR 17,000 USPS MEMBERS NATIONWIDE.

Program Service Accomplishments

Program 1

Expenses: $290,928 Revenue: $50,104

THE ORGANIZATION'S ONLY PROGRAM IS ISSUING OF GRANTS TO ELIGIBLE RECIPIENTS WHO FURTHER BOATING SKILLS AND MARINE SAFETY THROUGH EDUCATION. DURING THE YEAR, THE ORGANIZATION GRANTED 290,430 TO...

THE ORGANIZATION'S ONLY PROGRAM IS ISSUING OF GRANTS TO ELIGIBLE RECIPIENTS WHO FURTHER BOATING SKILLS AND MARINE SAFETY THROUGH EDUCATION. DURING THE YEAR, THE ORGANIZATION GRANTED 290,430 TO RECIPIENTS WHO USED THE FUNDS TO SUPPORT BOATING SKILLS AND MARINE SAFETY THROUGH COMPUTER BASED LEARNING, THE DEVELOPMENT OF WEBSITES, THE EXPANSION OF BOATING SAFETY COURSES, THE EDUCATION OF MARINERS, THE IMPROVEMENT AND PROVIDING OF MATERIALS TO ADVANCE BOATING SAFETY, ETC.

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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 $50,104

Program Service Revenue $0

Investment Income $372,359

Other Revenue $0

TOTAL REVENUE $422,463

Expense Breakdown

Grants Paid $290,430

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $290,928

Other Expenses $31,204

TOTAL EXPENSES $321,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$422,463	$144,918	+1.9%
Expenses	$321,634	$134,608	+1.4%
Net Income	$100,829	$10,310	+8.8%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY PAIGE ABBOTT	DIRECTOR	N/A	Director	$0	$0	$0
JANE BRANDENSTEIN	SECRETARY	N/A	Officer Director	$0	$0	$0
NIGEL E HARGREAVES	CHAIRMAN	N/A	Officer Director	$0	$0	$0
NORM PENNINGTON	DIRECTOR	N/A	Officer Director	$0	$0	$0
BARBARA SPRAGGINS	DIRECTOR	N/A	Officer Director	$0	$0	$0
WILLIAM LEE POPHAM SR	TREASURER/SE	N/A	Officer 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
2025	No data	No data	No data	No data
2024	$422,463	$321,634	$5,685,193	$100,829
2023	$144,918	$134,608	$5,040,154	$10,310
2022	$338,757	$70,107	$4,792,866	$268,650
2021	$294,099	$192,256	$5,322,592	$101,843
2020	$117,817	$209,541	$4,822,945	$-91,724
2019	$332,839	$52,961	$4,599,836	$279,878
2018	$284,260	$221,993	$4,103,290	$62,267