PENTAGON MEMORIAL FUND INC

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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

2003

Legal Domicile

Principal Officer

MICHAEL J MCCARTHY

Phone

2024176590

Tax Period

2023-01-01 to 2023-12-31

PENTAGON MEMORIAL FUND INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $526K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 269% operating deficit.

Mission

RAISE FUNDS FOR THE CONSTRUCTION AND MAINTENANCE OF THE PENTAGON MEMORIAL AND A VISITOR EDUCATION CENTER AS WELL AS EDUCATE THE PUBLIC ABOUT THE EVENTS AND IMPACT OF THE TERRORIST ATTACKS ON SEPTEMBER 11, 2001.

Program Service Accomplishments

Program 1

Expenses: $711,370

VISITOR EDUCATION CENTER:WITH THE PENTAGON MEMORIAL COMPLETE, THE PENTAGON MEMORIAL FUND FOCUSES ON DEVELOPING EDUCATION RESOURCES THAT ENHANCE THE VISITORS' EXPERIENCE AT THE MEMORIAL BY HELPING...

VISITOR EDUCATION CENTER:WITH THE PENTAGON MEMORIAL COMPLETE, THE PENTAGON MEMORIAL FUND FOCUSES ON DEVELOPING EDUCATION RESOURCES THAT ENHANCE THE VISITORS' EXPERIENCE AT THE MEMORIAL BY HELPING THEM UNDERSTAND THE 9/11 EVENTS, THE HISTORIC SIGNIFICANCE OF THE MEMORIAL SITE AND THE UNIQUE ELEMENTS OF THE PENTAGON MEMORIAL.

Program 2

Expenses: $350,000

PENTAGON MEMORIAL MAINTENANCE:THE FUND SUPPORTS THE YEARLY MAINTENANCE OF THE PENTAGON MEMORIAL.

Program 3

Expenses: $83,909

EDUCATION AND OUTREACH:CONTINUING EFFORTS TO EDUCATE AND INFORM THE PUBLIC ON THE EVENTS OF 9/11 AS THEY RELATE TO THE ATTACK ON THE PENTAGON.

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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 $198,464

Program Service Revenue $0

Investment Income $327,393

Other Revenue $0

TOTAL REVENUE $525,857

Expense Breakdown

Grants Paid $350,000

Salaries & Benefits $327,362

Fundraising Expenses $564,074

Program Expenses $1,145,279

Other Expenses $1,069,013

TOTAL EXPENSES $1,938,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,857	$5,369,401	-0.9%
Expenses	$1,938,955	$1,585,777	+0.2%
Net Income	$-1,413,098	$3,783,624	-1.4%

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

$298,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES J LAYCHAK	ED-UNTIL 06/2023/SENIOR ADVISOR	40.00	Officer	$146,811	$22,022	$168,833
MICHAEL J MCCARTHY	EXECUTIVE DIRECTOR-START 07/2023	40.00	Officer	$123,977	$5,858	$129,835
SEAN T CONNAUGHTON	BOARD CHAIR & PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL DISCENZA	VICE PRESIDENT-UNTIL 11/2023	1.00	Officer Director	$0	$0	$0
SALLY MOTT FREEMAN	VICE PRESIDENT-START 12/2023	1.00	Officer Director	$0	$0	$0
JOHN P LANGAN CPA	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN MAUDE	SECRETARY	1.00	Officer Director	$0	$0	$0
TARA ALLISON	DIRECTOR	1.00	Director	$0	$0	$0
TERESA CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY DUPONT	DIRECTOR	1.00	Director	$0	$0	$0
BEAU MEMORY	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE B OLSON	DIRECTOR	1.00	Director	$0	$0	$0
CEDRIC GEORGE	DIRECTOR-UNTIL 08/2023	1.00	Director	$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	No data	No data	No data	No data
2023	$525,857	$1,938,955	$18,385,405	$-1,413,098
2022	$5,369,401	$1,585,777	$18,732,890	$3,783,624
2021	$3,241,353	$1,675,490	$16,787,458	$1,565,863
2020	$1,620,142	$1,348,141	$14,557,265	$272,001
2019	$1,510,632	$1,231,650	$13,536,059	$278,982
2018	$968,516	$1,297,361	$12,092,565	$-328,845