HOME PORT ALLIANCE FOR THE USS NEW JERSEY INC

EIN: 223604324 501(c)(3) Arts, Culture & Humanities

CAMDEN, NJ

Total Revenue
$6,169,924
Total Expenses
$6,167,498
Total Assets
$29,673,602
Net Assets
$21,919,867
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NJ
Principal Officer
MARHSALL SPEVAK
Phone
8569661652
Tax Period
2023-01-01 to 2023-12-31

HOME PORT ALLIANCE FOR THE USS NEW JERSEY INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Net assets of $21.9M represent 43 months of operating reserves.

Mission

THE HISTORIC PRESERVATION OF THE BATTLESHIP USS NEW JERSEY BB-62 AS A MUSEUM.

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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 $3,576,344
Program Service Revenue $2,149,056
Investment Income $13,550
Other Revenue $430,974
TOTAL REVENUE $6,169,924

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,814,670
Fundraising Expenses $213,113
Program Expenses $5,299,868
Other Expenses $3,352,828
TOTAL EXPENSES $6,167,498

Year-over-Year Comparison

2023 2022 Change
Revenue $6,169,924 $6,577,795 -0.1%
Expenses $6,167,498 $4,921,142 +0.3%
Net Income $2,426 $1,656,653 -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

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
107
Volunteers
120

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
2
$104,082
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA CONTE CHAIR 4.00
Director
$0 $0 $0
ROBERT DEL SORDO TREASURER 4.00
Director
$0 $0 $0
THOMAS REILLY VICE CHAIR 4.00
Director
$0 $0 $0
CAPTAIN WALTER URBAN USN RET TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH AZZOLINA JR TRUSTEE 1.00
Director
$0 $0 $0
CAPTAIN JOSEPH BENTON III TRUSTEE 1.00
Director
$0 $0 $0
HONORABLE PATRICIA EGAN JONES TRUSTEE 1.00
Director
$0 $0 $0
ERICA WEISS TRUSTEE 1.00
Director
$0 $0 $0
JOHN J MATHEUSSEN ESQ TRUSTEE 1.00
Director
$0 $0 $0
PETER KNORR TRUSTEE 1.00
Director
$0 $0 $0
JOHN RYAN TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH MAHER MUOIO EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
LOUIS CAPELLI JR EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
COLONEL YVONNE L MAYS EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
HONORABLE VICTOR CARSTARTHEN EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
LUKE GORDON TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN SHEEHAN TRUSTEE 1.00
Director
$0 $0 $0
GILBERT L WILSON TRUSTEE 1.00
Director
$0 $0 $0
BRIAN BAUERLE TRUSTEE 1.00
Director
$0 $0 $0
HONORABLE GEORGE LEONE ESQ TRUSTEE 1.00
Director
$0 $0 $0
MARSHALL SPEVAK CEO (INSTATED NOV. 2023) 40.00
Officer
$11,077 $0 $11,077
GEORGE JONES III DIR. OPS / RECORDING SECRETARY 40.00
Officer
$93,005 $0 $93,005
PHIL ROWAN CEO (RETIRED NOV. 2023) 40.00
$144,480 $0 $144,480
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 No data No data No data No data
2023 $6,169,924 $6,167,498 $29,673,602 $2,426
2022 $6,577,795 $4,921,142 $25,194,124 $1,656,653
2021 $6,155,641 $3,821,179 $22,163,398 $2,334,462
2021 $5,435,122 $3,821,404 $22,163,173 $1,613,718
2020 $2,748,447 $3,393,289 $20,170,157 $-644,842
2019 $5,268,487 $4,493,858 $20,548,943 $774,629
2019 $5,268,487 $4,493,858 $20,548,943 $774,629
2018 $4,456,910 $3,941,772 $20,056,777 $515,138
2018 $4,456,910 $3,941,772 $20,056,777 $515,138
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