UNITED STATES POWER SQUADRON

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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

1961

Legal Domicile

Principal Officer

CHARLES ESSIG

Phone

6124182403

Tax Period

2024-02-29 to 2025-02-28

UNITED STATES POWER SQUADRON, founded in 1961, is a small nonprofit that reported $118K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $405K represent 41 months of operating reserves.

Mission

ORGANIZATION IS DEDICATED TO THE ADVANCEMENT OF SAFE BOATING THROUGH EDUCATION OF MEMBERS AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $11,265 Revenue: $18,842

SOCIAL ACTIVITIES - MEMBERSHIP ACTIVITIES TO PROMOTE INTEREST IN SQUADRON PROJECTS ARE CONDUCTED PERIODICALLY. SOME ARE USED AS FUNDRAISER FOR SQUADRON PROJECTS AND TO MEET VOLUNTEERS. ALL SERVICES FOR ORGANIZING AND CONDUCTING THESE ACTIVITES ARE ON A VOLUNTEER BASIS.REVENUE GL 4040.4EXPENSE GL 5040.4

Program 2

Expenses: $92,933 Revenue: $44,045

RENDEZVOUS AREA - THE SQUADRON OWNS AND MAINTAINS AN AREA CALLED STREETER COVE.REVENUE GL 4060.5, 4063.5, 4065.5, 4066.6EXPENSES GL ISLAND PROFIT & LOSS

Program 3

Expenses: $729 Revenue: $1,200

EDUCATION - THE SQUADRON PROMOTES BOAT SAFETY BY PROVIDING PUBLIC COURSES AND DEMONSTRATIONS.REVENUE GL 4020.2EXPENSE GL 5020.2

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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 (2024)

Revenue Breakdown

Contributions & Grants $28,774

Program Service Revenue $1,200

Investment Income $11

Other Revenue $88,370

TOTAL REVENUE $118,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $113,930

Other Expenses $115,929

TOTAL EXPENSES $115,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,355	$100,741	+0.2%
Expenses	$115,929	$99,322	+0.2%
Net Income	$2,426	$1,419	+0.7%

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

N/A

Employees

N/A

Volunteers

313

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
JAMES CLARK	MEMBER AT LARGE	1.00	Director	$0	$0	$0
RICH SCHWALBE	MEMBER AT LARGE	1.00	Director	$0	$0	$0
DAVID GILMORE	MEMBER AT LARGE	1.00	Director	$0	$0	$0
JOHN HUH	MEMBER AT LARGE	1.00	Director	$0	$0	$0
PAUL VASSAR	MEMBER AT LARGE	1.00	Director	$0	$0	$0
PAT SUTTER	MEMBER AT LARGE	1.00	Director	$0	$0	$0
JASON ZATTLER	ADMINISTRATIVE OFFICER	6.00	Officer	$0	$0	$0
RUSSELL STRAATE	EDUCATION OFFICER	6.00	Officer	$0	$0	$0
ROBIN PINEGAR	SECRETARY	6.00	Officer	$0	$0	$0
KEVIN COOPER	COMMANDER	6.00	Officer	$0	$0	$0
CHARLES ESSIG	TREASURER	6.00	Officer	$0	$0	$0
IAN VILLAMIL	EXECUTIVE OFFICER	6.00	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
2025	$118,355	$115,929	$404,673	$2,426
2024	$100,741	$99,322	$402,247	$1,419
2023	$96,482	$115,073	$400,828	$-18,591
2022	$93,970	$77,460	$419,419	$16,510
2021	$63,927	$71,865	$403,038	$-7,938
2020	$97,590	$97,458	$410,810	$132