MARINE CORPS HERITAGE FOUNDATION (EIN 260803466) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

MAJGEN JAMES W LUKEMAN

Phone

7036407965

Tax Period

2023-01-01 to 2023-12-31

MARINE CORPS HERITAGE FOUNDATION, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $10.9M in total revenue in fiscal year 2018. Expenses of $12.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

PRESERVE AND PROMULGATE THE HISTORY, TRADITIONS, AND CULTURE OF THE MARINE CORPS AND EDUCATE ALL AMERICANS IN ITS VIRTUES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,905,507

Program Service Revenue $1,000,809

Investment Income $747,448

Other Revenue $8,038

TOTAL REVENUE $9,661,802

Expense Breakdown

Grants Paid $144,858

Salaries & Benefits $2,554,031

Fundraising Expenses $2,795,470

Program Expenses $10,128,017

Other Expenses $11,061,141

TOTAL EXPENSES $14,266,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,661,802	$9,665,814	0.0%
Expenses	$14,266,878	$12,932,013	+0.1%
Net Income	$-4,605,076	$-3,266,199	+0.4%

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

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

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

$490,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEN GARY THOMAS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN K FRENCH	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICHARD P MOXLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD HARTNACK	TREASURER	1.00	Officer Director	$0	$0	$0
LTCOL DAVID ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
B THOMAS FRANA JR	DIRECTOR	1.00	Director	$0	$0	$0
COL GF ROBERT HANKE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN HOUSTON	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER ICHORD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN C JONES	DIRECTOR	1.00	Director	$0	$0	$0
B TODD JONES	DIRECTOR	1.00	Director	$0	$0	$0
SGTMAJ CARLTON KENT	DIRECTOR	1.00	Director	$0	$0	$0
LTCOL AJ LAHASZOW	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ROCCO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STULB	DIRECTOR	1.00	Director	$0	$0	$0
GEN THOMAS WALDHAUSER	DIRECTOR	1.00	Director	$0	$0	$0
MAJGEN BURKE WHITMAN	DIRECTOR	1.00	Director	$0	$0	$0
MAJGEN JAMES W LUKEMAN	PRESIDENT & CEO	40.00	Officer	$245,785	$17,019	$262,804
JENNIFER VANDERVELD	COO	40.00	Officer	$205,130	$22,463	$227,593
HOLLY DEVENDORF	CONTROLLER	40.00	Highest	$107,201	$22,970	$130,171

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	$9,661,802	$14,266,878	$114,407,688	$-4,605,076
2022	$9,665,814	$12,932,013	$116,893,125	$-3,266,199
2021	$11,840,546	$12,319,033	$123,200,023	$-478,487
2020	$9,058,402	$12,125,184	$124,739,927	$-3,066,782
2019	$11,737,085	$12,429,447	$128,565,083	$-692,362
2018	$10,914,788	$12,507,437	$130,613,663	$-1,592,649

MARINE CORPS HERITAGE FOUNDATION