ARGONAUT

EIN: 450833007 501(c)(3) Public Safety

CLEVELAND, OH

Total Revenue
$1,632,511
Total Expenses
$1,634,122
Total Assets
$528,652
Net Assets
$-88,263
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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
2010
Legal Domicile
OH
Principal Officer
DAVID ANDREW FERGUSON
Phone
2168604883
Tax Period
2023-07-01 to 2024-06-30

ARGONAUT, founded in 2010, is a community nonprofit in the Public Safety sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

WE BUILD ADVENTURERS THROUGH IMMERSIVE LEARNING EXPERIENCES THAT CHALLENGE ASSUMPTIONS AND SHIFT NORMS FOR GROWING EMPOWERED TALENT IN AEROSPACE AND MARITIME FIELDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,421,846
Program Service Revenue $200,947
Investment Income $1,494
Other Revenue $8,224
TOTAL REVENUE $1,632,511

Expense Breakdown

Grants Paid $0
Salaries & Benefits $980,711
Fundraising Expenses $100,401
Program Expenses $1,412,290
Other Expenses $653,411
TOTAL EXPENSES $1,634,122

Year-over-Year Comparison

2023 2022 Change
Revenue $1,632,511 $1,436,586 +0.1%
Expenses $1,634,122 $1,458,837 +0.1%
Net Income $-1,611 $-22,251 -0.9%
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
15
Independent Members
15
Employees
33
Volunteers
22

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
$221,333
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC PEACE PRESIDENT 3.00
Officer Director
$0 $0 $0
JOCELYN HARRISON VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
RON CORDARO TREASURER 3.00
Officer Director
$0 $0 $0
STEVE PEPLIN CO-CORRESPONDENT 3.00
Officer Director
$0 $0 $0
ROSLYN ADAMS DIRECTOR 3.00
Director
$0 $0 $0
RICHARD DECARLO DIRECTOR 3.00
Director
$0 $0 $0
WAYNE DENNY DIRECTOR 3.00
Director
$0 $0 $0
COURTNEY GILLIAM DIRECTOR 3.00
Director
$0 $0 $0
JAMES MARRA DIRECTOR 3.00
Director
$0 $0 $0
MICHAEL SCHOOP DIRECTOR 3.00
Director
$0 $0 $0
KENT STAUFFER DIRECTOR 3.00
Director
$0 $0 $0
JOHN WIITALA DIRECTOR 3.00
Director
$0 $0 $0
DEREK MOORE DIRECTOR 3.00
Director
$0 $0 $0
RICK BROWN DIRECTOR 3.00
Director
$0 $0 $0
ROBERT BURGER DIRECTOR 3.00
Director
$0 $0 $0
PAUL CHRISTENSEN DIRECTOR 3.00
Director
$0 $0 $0
DAVID FERGUSON CEO 40.00
Officer
$99,367 $0 $99,367
ANNEMARIE GRASSI AMEFIA COO 40.00
Officer
$121,966 $0 $121,966
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 $1,632,511 $1,634,122 $528,652 $-1,611
2022 $417,671 $614,010 $308,006 $-196,339
2021 $815,721 $880,243 $463,978 $-64,522
2020 $496,632 $653,433 $538,634 $-156,801
2019 $626,653 $613,509 $442,611 $13,144
2018 $467,964 $512,829 $412,222 $-44,865
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