UNITED STATES POWER SQUADRON

EIN: 416038539 501(c)(3)

EXCELSIOR, MN

Total Revenue
$118,355
Total Expenses
$115,929
Total Assets
$404,673
Net Assets
$404,673
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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
MN
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.

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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%)

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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

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Governance

Voting Members
12
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
6
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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