FRIENDS OF NAVAL ACADEMY MUSIC INC (EIN 461084699) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

AMY SMITH

Phone

4437165806

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

THE ORGANIZATION SEEKS TO RAISE FUNDS TO PERMANENTLY SUPPORT AND SUSTAIN THE MUSIC DEPARTMENT AT THE UNITED STATES NAVAL ACADEMY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $124,511

Program Service Revenue $0

Investment Income $108,116

Other Revenue $0

TOTAL REVENUE $232,627

Expense Breakdown

Grants Paid $55,395

Salaries & Benefits $0

Fundraising Expenses $7,749

Program Expenses $57,510

Other Expenses $23,693

TOTAL EXPENSES $79,088

Year-over-Year Comparison

	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%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
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	$0	$0	$0
CHAD REDMER	DIRECTOR	1.00	Director	$0	$0	$0
NATE SHENCK	PAST PRESIDENT AND DIRECTOR	1.00	Director	$0	$0	$0
KATE KRANZ JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
ALICE ANN CALHOUN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EDGERTON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FONTAINE-ISAAC	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WEITLISBACH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WOOD	PRESIDENT	1.00	Officer	$0	$0	$0
TABITHA STROBEL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CAROL KEPLER	SECRETARY	1.00	Officer	$0	$0	$0
AMY SMITH	TREASURER	1.00	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
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

FRIENDS OF NAVAL ACADEMY MUSIC INC