Midshipmans Foundation (EIN 237100496) - Form 990 Financial Analysis & Trantor Score

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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

1970

Legal Domicile

Principal Officer

Gabriel R Salazar

Phone

5124154676

Tax Period

2025-01-01 to 2025-12-31

Midshipmans Foundation, founded in 1970, is a small nonprofit that reported $355K in total revenue in fiscal year 2025. The organization ran a surplus of $173K, a strong 49% operating margin.

Mission

Provide financial aid and meritorious sword awards to Midshipmen and Officer Candidates at the NROTC Unit University of Texas at Austin

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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 (2025)

Revenue Breakdown

Contributions & Grants $149,587

Program Service Revenue $0

Investment Income $205,073

Other Revenue $0

TOTAL REVENUE $354,660

Expense Breakdown

Grants Paid $148,262

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,000

Other Expenses $33,157

TOTAL EXPENSES $181,419

Year-over-Year Comparison

	2025	2024	Change
Revenue	$354,660	$354,047	+0.0%
Expenses	$181,419	$176,301	+0.0%
Net Income	$173,241	$177,746	0.0%

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

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

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
GABRIEL R SALAZAR	Chairman	12.00	Officer Director	$0	$0	$0
ROBERT L COLLINS	ViceChairman	6.00	Officer Director	$0	$0	$0
DAVID M WELLS	Secretary	8.00	Officer Director	$0	$0	$0
DANNY T O'NEIL	Treasurer	12.00	Officer Director	$0	$0	$0
ROBERT L GARTNER	Director	6.00	Director	$0	$0	$0
EDWIN W MERGELE	Director	6.00	Director	$0	$0	$0
KEVIN H HUGMAN	Director	6.00	Director	$0	$0	$0
RAYMOND J ADAMS	Director	6.00	Director	$0	$0	$0
BRUCE B BYRON	Director	6.00	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	$354,660	$181,419	$3,682,572	$173,241
2024	$354,047	$176,301	$3,223,153	$177,746
2023	$216,701	$138,759	$2,960,384	$77,942
2022	$281,251	$122,718	$2,640,128	$158,533
2021	$330,064	$151,199	$2,867,722	$178,865
2020	$148,415	$131,673	$2,469,397	$16,742

Midshipmans Foundation