CROFTON, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF NAVAL ACADEMY MUSIC INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $233K in total revenue in fiscal year 2024. The organization ran a surplus of $154K, a strong 66% operating margin.
FRIENDS OF NAVAL ACADEMY MUSIC, INC (FONAM) IS A 501 (C) 3 NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE PRIVATE FINANCIAL SUPPORT FOR NAVAL ACADEMY MUSICAL ACTIVITIES. OUR INITIAL GOAL IS TO RAISE $10 MILLION IN OPERATING FUNDS WHICH WOULD GUARANTEE THE SUSTAINABILITY OF THE MUSIC PROGRAM AT USNA FOR YEARS TO COME. FONAM FUNDS ARE 100% ALLOCATED TOWARDS MUSICAL ACTIVITIES, WITH NO RESTRICTIONS IN TIMES OF DEFENSE BUDGETARY CUTS OR SEQUESTRATION, MAKING THEM MORE VITAL NOW THAN EVER. FUNDS RAISED ARE ALLOCATED AMONG BUILDING STRATEGIC AND EMERGENCY RESERVES AND IMMEDIATE PROGRAM FUNDING.
THE ORGANIZATION SOLICITED FUNDS EXCEEDING $124,510 FOR MISSION SUPPORT DURING 2024. FONAM PURCHASED AND DONATED 150 TABLETS TO THE USNA MUSIC DEPARTMENT TOTALING $12,150 WAS MADE IN AUGUST 2024...
THE ORGANIZATION SOLICITED FUNDS EXCEEDING $124,510 FOR MISSION SUPPORT DURING 2024. FONAM PURCHASED AND DONATED 150 TABLETS TO THE USNA MUSIC DEPARTMENT TOTALING $12,150 WAS MADE IN AUGUST 2024. THIS DONATION ENABLED MIDSHIPMEN MARCHING IN THE DRUM & BUGLE CORPS TO READ MUSIC ELECTRONICALLY WHILE MARCHING ON THE FIELD DURING FOOTBALL GAMES AND OTHER EVENTS INSTEAD OF HAVING TO FLIP MUSIC PAGES USING THEIR HANDS WHILE ALSO TRYING TO PLAY. ANOTHER DONATION OF $43,245 WAS AUTHORIZED BY VOTE BY THE BOARD IN DECEMBER 2024, BRINGING OUR TOTAL DONATIONS TO USNA MUSIC TO $55,395 FOR 2024. THESE DONATIONS CONTRIBUTED TO THE MARGIN OF EXCELLENCE, WHICH ENABLED THE MUSIC PROGRAM AT THE UNITED STATES NAVAL ACADEMY TO CONTINUE TO PURSUE ITS MISSION OF TRAINING FUTURE NAVAL AND MARINE CORPS OFFICERS FOR CAREERS IN THE FLEET.
THE ORGANIZATION INFUSED MONEY INTO ITS INVESTMENT ACCOUNTS AND WATCHED THEM GROW DURING 2024. THE VALUE ROSE FROM $570,814 AT THE BEGINNING OF 2024 TO OVER $708,000 BY THE END OF 2024. THE...
THE ORGANIZATION INFUSED MONEY INTO ITS INVESTMENT ACCOUNTS AND WATCHED THEM GROW DURING 2024. THE VALUE ROSE FROM $570,814 AT THE BEGINNING OF 2024 TO OVER $708,000 BY THE END OF 2024. THE INVESTMENTS, WHICH ARE MANAGED BY OUR DIRECTOR OF INVESTMENTS IN CONNECTION WITH THE INVESTMENT COMMITTEE, SERVE LONG- AND SHORT-TERM PURPOSES OF THE ORGANIZATION. A SMALL PORTION OF OUR INVESTMENTS IS HELD IN A MONEY MARKET FUND, WHERE ALL INCOME IS ACCUMULATED DURING THE YEAR. THIS FUND IS AVAILABLE TO DISTRIBUTE ANNUALLY TO THE MUSIC DEPARTMENT AT THE UNITED STATES NAVAL ACADEMY TO SUPPORT ITS ONGOING MISSION AND OPERATIONS. APPROXIMATELY HALF OF THE INVESTMENTS ARE HELD IN A STRATEGIC RESERVE FUND INTENDED TO GROW OVER THE LONG TERM. THE REMAINING INVESTMENTS ARE HELD IN ENDOWMENT FUNDS, WHICH PURPOSE IS TO GROW AND BE USED TO SUPPORT THE MUSICAL ACTIVITIES DEPARTMENT BY THEIR INCOME STREAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $232,627 | $217,246 | +0.1% |
| Expenses | $79,088 | $85,923 | -0.1% |
| Net Income | $153,539 | $131,323 | +0.2% |
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN BARRY TALLEY | DIRECTOR OF INVESTMENTS | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS JENSEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| APRIL MCBRIDE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS O'KEEFE | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| CHAD REDMER | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| NATE SHENCK | PAST PRESIDENT AND DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| KATE KRANZ JORDAN | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| ALICE ANN CALHOUN | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| DAVID EDGERTON | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| BRIAN FONTAINE-ISAAC | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| PAUL WEITLISBACH | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| PAUL WOOD | PRESIDENT | 1.00 |
Officer
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$0 | $0 | $0 |
| TABITHA STROBEL | VICE PRESIDENT | 1.00 |
Officer
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$0 | $0 | $0 |
| CAROL KEPLER | SECRETARY | 1.00 |
Officer
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$0 | $0 | $0 |
| AMY SMITH | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $232,627 | $79,088 | $730,291 | $153,539 |
| 2023 | $217,246 | $85,923 | $639,493 | $131,323 |
| 2019 | $214,511 | $48,715 | $278,983 | $165,796 |
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