San Diego Fleet Week Foundation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Larry Blumberg

Phone

6198581545

Tax Period

2024-01-01 to 2024-12-31

San Diego Fleet Week Foundation, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $549K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 15% operating margin.

Mission

TO HONOR AND CELEBRATE THE MEN AND WOMEN OF THE MILITARY THROUGH EVENTS THAT ENTERTAIN AND ALLIANCES THAT THANK AND SUPPORT THESE HEROES.

Program Service Accomplishments

Program 1

Expenses: $416,118

SAN DIEGO FLEET WEEK - THIS EVENT FEATURES SEVERAL EVENTS OVER THE COURSE OF A WEEK TO RECOGNIZE SERVICE MEN AND WOMEN IN FRONT OF BUSINESS AND COMMUNITY LEADERS FOR THE SACRIFICES THEY HAVE MADE TO KEEP OUR COUNTRY SAFE. EVENTS INCLUDE GOLF TOURNAMENTS, LUNCHEONS, PARADES, TECHNOLOGY SHOWCASES AND MORE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $548,658

Program Service Revenue $0

Investment Income $25

Other Revenue $0

TOTAL REVENUE $548,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,867

Fundraising Expenses $24,627

Program Expenses $416,118

Other Expenses $374,094

TOTAL EXPENSES $465,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$548,683	$422,579	+0.3%
Expenses	$465,961	$498,322	-0.1%
Net Income	$82,722	$-75,743	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

125

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

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Margaret Young	Vice Pres. COO	30.00	Director	$80,000	$0	$80,000
Gordon Rutherford	Director	1.00	Director	$0	$0	$0
Larry Blumberg	President/COO	1.00	Director	$0	$0	$0
Ashley Camac	Director	1.00	Director	$0	$0	$0
Sharon Bernie-Cloward	Director	1.00	Director	$0	$0	$0
Ed Langmaid	Director	1.00	Director	$0	$0	$0
Dennis Dubard	Director	1.00	Director	$0	$0	$0
Harold Elkan	Director	1.00	Director	$0	$0	$0
Mick Fulton	Vice Chair	1.00	Director	$0	$0	$0
Robert Nowakowski	Director	1.00	Director	$0	$0	$0
Terry Buis	Director	1.00	Director	$0	$0	$0
Bill Baugh	Director	1.00	Officer	$0	$0	$0
Jeff Robin	Secretary	1.00	Officer	$0	$0	$0
Bryan Smylie	Treasurer	1.00	Officer	$0	$0	$0
Cindy Farless	Chair	1.00	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	$548,683	$465,961	$66,163	$82,722
2023	$422,579	$498,322	$52,550	$-75,743
2022	$366,038	$384,669	$64,037	$-18,631
2021	$280,321	$305,810	$83,768	$-25,489
2020	$252,959	$200,749	$107,158	$52,210
2019	$424,021	$380,480	$68,577	$43,541
2018	$443,262	$450,758	$32,388	$-7,496