VALLEY FORGE MILITARY ACADEMY FOUNDATION

EIN: 231178880 501(c)(3) Education

WAYNE, PA

Total Revenue
$9,801,664
Total Expenses
$14,166,994
Total Assets
$41,854,697
Net Assets
$32,908,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
PA
Principal Officer
COL STUART B HELGESON
Phone
6109891200
Tax Period
2024-07-01 to 2025-06-30

VALLEY FORGE MILITARY ACADEMY FOUNDATION, founded in 1928, is a community nonprofit in the Education sector that reported $9.8M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $14.2M exceeded revenue, resulting in a 45% operating deficit.

Mission

EDUCATIONAL INSTITUTION FOCUSED ON BUILDING LEADERSHIP THROUGH A MILITARY ENVIRONMENT .

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,956,512
Program Service Revenue $5,925,442
Investment Income $663,624
Other Revenue $1,256,086
TOTAL REVENUE $9,801,664

Expense Breakdown

Grants Paid $1,611,259
Salaries & Benefits $4,028,870
Fundraising Expenses $575,317
Program Expenses $5,701,282
Other Expenses $8,526,865
TOTAL EXPENSES $14,166,994

Year-over-Year Comparison

2024 2023 Change
Revenue $9,801,664 $11,229,056 -0.1%
Expenses $14,166,994 $10,971,428 +0.3%
Net Income $-4,365,330 $257,628 -17.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
92
Volunteers
6

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
3
$409,780
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN ENGLISH CHAIRMAN 1.00
Officer Director
$0 $0 $0
COL JOSEPH A BARTASIUS BOARD MEMBER 1.00
Director
$0 $0 $0
COL KENNETH M DETREUX BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM R FLOYD JR END 022025 BOARD MEMBER 1.00
Director
$0 $0 $0
MARK KELTON BOARD MEMBER 1.00
Director
$0 $0 $0
DR WILLIAM H MARTOCCIA JR END 04202 BOARD MEMBER 1.00
Director
$0 $0 $0
CONRAD E MUHLY IV BOARD MEMBER 1.00
Director
$0 $0 $0
DR CHRISTINE ANNE ROYCE BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN TRATT BOARD MEMBER 1.00
Director
$0 $0 $0
ALOIS RUBENBAUER BOARD MEMBER 1.00
Director
$0 $0 $0
JORIN C LINTZENICH BOARD MEMBER 1.00
Director
$0 $0 $0
COL STUART HELGESON PRESIDENT 40.00
Officer
$232,923 $15,488 $248,411
JOHN LANETTI CHIEF FINANCIAL OFFICER 40.00
Officer
$155,769 $5,600 $161,369
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 $9,801,664 $14,166,994 $41,854,697 $-4,365,330
2024 No data No data No data No data
2023 $23,193,972 $18,866,734 $43,710,785 $4,327,238
2022 $16,888,821 $18,506,570 $38,578,501 $-1,617,749
2021 $14,074,781 $17,905,926 $40,487,283 $-3,831,145
2020 $24,849,780 $28,167,388 $37,543,790 $-3,317,608
2019 $29,620,863 $31,026,320 $37,949,516 $-1,405,457
2018 $26,849,365 $28,676,144 $41,340,065 $-1,826,779
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