UDT SEAL Association Inc

EIN: 237088225 Public & Societal Benefit

Virginia Beach, VA

Total Revenue
$2,318,083
Total Expenses
$1,332,731
Total Assets
$3,081,380
Net Assets
$3,059,979
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
VA
Tax Period
2023-01-01 to 2023-12-31

UDT SEAL Association Inc, founded in 1969, is a community nonprofit in the Public & Societal Benefit sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $985K, a strong 43% operating margin.

Mission

A VETERANS SUPPORT ORGANIZATION OF PAST AND PRESENT MEMBERS OF THE NAVAL SPECIAL WARFARE COMMUNITY DESIGNED TO SERVE AS ADVOCATES TO OUR MEMBERS BY PROVIDING LIAISON WITH APPROPRIATE AND EXISTING SERVICES IN RESPONSE TO THEIR NEEDS.

Program Service Accomplishments

Program 1
Expenses: $381,427

SCHOLARSHIPS

Program 2
Expenses: $360,821

VSP (Veterans Support Program)

Program 3
Expenses: $136,236

HISTORY AND HERITAGE; SPECIAL EVENTS

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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 $2,171,333
Program Service Revenue $0
Investment Income $146,750
Other Revenue $0
TOTAL REVENUE $2,318,083

Expense Breakdown

Grants Paid $0
Salaries & Benefits $446,156
Fundraising Expenses $152,228
Program Expenses $878,484
Other Expenses $431,115
TOTAL EXPENSES $1,332,731

Year-over-Year Comparison

2023 2022 Change
Revenue $2,318,083 $1,200,357 +0.9%
Expenses $1,332,731 $1,486,043 -0.1%
Net Income $985,352 $-285,686 -4.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
12
Volunteers
50

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Poillon Director 0.00
Director
$0 $0 $0
Brad Treadway Director 0.00
Director
$0 $0 $0
Eric Fuerstenburg Director 0.00
Director
$0 $0 $0
Phil Powell Director 0.00
Director
$0 $0 $0
Patrick Reed Director 0.00
Director
$0 $0 $0
Ken Niederberger Director 0.00
Director
$0 $0 $0
Jeff Ehrmentraut Director 0.00
Director
$0 $0 $0
Todd Perry Director 0.00
Director
$0 $0 $0
Dan Grosso Director 0.00
Director
$0 $0 $0
Gene Warta Director 0.00
Director
$0 $0 $0
Hershel Davis Director 0.00
Director
$0 $0 $0
Drew Sande President 0.00
Officer
$0 $0 $0
Harold Underdown Vice President 0.00
Officer
$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
2024 No data No data No data No data
2023 $2,318,083 $1,332,731 $3,081,380 $985,352
2022 $1,200,357 $1,486,043 $1,925,624 $-285,686
2021 $1,421,320 $1,288,482 $2,546,359 $132,838
2020 $1,381,132 $1,240,736 $2,409,358 $140,396
2019 $1,047,607 $1,443,691 $2,028,310 $-396,084
2018 $1,453,350 $1,266,607 $2,260,889 $186,743
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