MARINE RECONNAISSANCE FOUNDATION

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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

2013

Legal Domicile

Principal Officer

JOSE TABLADA

Phone

8083511573

Tax Period

2023-01-01 to 2023-12-31

MARINE RECONNAISSANCE FOUNDATION, founded in 2013, is a small nonprofit in the Public & Societal Benefit sector that reported $627K in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 41% operating margin.

Mission

The Marine Reconnaissance Foundation is committed to providing recoccuring annual programs, emergent/emergency support to our teammates past and present, as well as perpetuating the rich history, lineage, and traditions of the reconnaissance community.

Program Service Accomplishments

Program 1

Expenses: $332,112 Revenue: $626,729

Family Events created to promote support and community.

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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 $626,729

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $626,729

Expense Breakdown

Grants Paid $75,169

Salaries & Benefits $0

Fundraising Expenses $22,088

Program Expenses $332,112

Other Expenses $294,756

TOTAL EXPENSES $369,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$626,729	$295,115	+1.1%
Expenses	$369,925	$278,065	+0.3%
Net Income	$256,804	$17,050	+14.1%

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

N/A

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
JOSE TABLADA	PRESIDENT	14	Officer Director	$0	$0	$0
CHRISTOPHER MAY	VICE PRESIDENT	2	Officer	$0	$0	$0
MARTIN WILLIAMS	TREASURER	7	Officer	$0	$0	$0
JEFFREY STEVENS	NAVY SARC LEAD	1	Director	$0	$0	$0
TODD SMALENBERG	BOARD MEMBER	1		$0	$0	$0
CHARLES KIRWAN	BOARD MEMBER	1	Officer	$0	$0	$0
DAVID POORE	SECRETARY	2	Officer	$0	$0	$0
GEORGE HASSELTINE	BOARD MEMBER/IT	1		$0	$0	$0
SIMON WILLMAN	BOARD MEMBERS/LEGAL COUNSEL	1		$0	$0	$0
CHAD RAMSEY	BOARD MEMBER/ADVISOR	1		$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	$626,729	$369,925	$594,550	$256,804
2022	$295,115	$278,065	$337,327	$17,050
2021	$441,568	$301,251	$314,442	$140,317
2020	$232,665	$282,313	$173,894	$-49,648
2019	$156,297	$187,516	$28,872	$-31,219
2018	$176,305	$146,340	$71,639	$29,965