NAVY LEAGUE FOUNDATION

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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

1997

Legal Domicile

Principal Officer

MICHAEL STEVENS

Phone

7035281775

Tax Period

2023-01-01 to 2023-12-31

NAVY LEAGUE FOUNDATION, founded in 1997, is a small nonprofit in the Education sector that reported $113K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $3.7M represent 387 months of operating reserves.

Mission

THE MISSION OF THE NAVY LEAGUE FOUNDATION IS TO SUPPORT EDUCATIONAL, ADVOCACY, AND RELATED PROGRAMS THAT BENEFIT THE MEN AND WOMEN OF THE US SEA SERVICES AND THEIR FAMILIES. THE FOUNDATION IS RESPONSIBLE FOR THE MANAGEMENT OF THE NAVY LEAGUE FOUNDATION SCHOLARSHIP PROGRAM AND ALLOCATION OF OTHER FUNDS DONATED TO THE FOUNDATION FOR CHARITABLE OR EDUCATIONAL PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $53,000

SCHOLARSHIPS-PROVIDE COLLEGE SCHOLARSHIPS TO DEPENDENTS OR DESCENDENTS OF U.S. NAVY, U.S. MARINE CORPS, U.S. COAST GUARD AND U.S.-FLAGGED MERCHANT MARINE PERSONNEL. APPLICANTS MUST BE A GRADUATING...

SCHOLARSHIPS-PROVIDE COLLEGE SCHOLARSHIPS TO DEPENDENTS OR DESCENDENTS OF U.S. NAVY, U.S. MARINE CORPS, U.S. COAST GUARD AND U.S.-FLAGGED MERCHANT MARINE PERSONNEL. APPLICANTS MUST BE A GRADUATING HIGH SCHOOL SENIOR WHO WILL BE ENTERING THEIR FIRST YEAR OF AN ACCREDITED FOUR YEAR COLLEGE OR UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $34,793

Program Service Revenue $0

Investment Income $78,458

Other Revenue $0

TOTAL REVENUE $113,251

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,000

Other Expenses $65,705

TOTAL EXPENSES $115,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,251	$160,406	-0.3%
Expenses	$115,705	$115,648	+0.0%
Net Income	$-2,454	$44,758	-1.1%

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

$643,872

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JENNIFER LONDON	CHAIR	1.00	Officer Director	$0	$0	$0
TOM PRUTER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH GIAMBRONE	TREASURER	1.00	Officer Director	$0	$0	$0
LOUIS LIOTTI	TRUSTEE	1.00	Director	$0	$0	$0
LYNN ATKINSON	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW NOLTY	TRUSTEE	1.00	Director	$0	$0	$0
WARD COOK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL STEVENS	NLUS CEO	1.00	Officer	$0	$28,743	$393,233
RYAN DONALDSON	NLUS COO	1.00	Officer	$0	$33,057	$250,639

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	$113,251	$115,705	$3,677,507	$-2,454
2022	$160,406	$115,648	$3,324,754	$44,758
2021	$140,364	$135,055	$3,859,550	$5,309
2020	$107,796	$120,122	$3,558,392	$-12,326
2019	$155,223	$88,716	$3,227,793	$66,507
2018	$93,116	$168,820	$2,751,384	$-75,704