NAVAL ACADEMY GOLF ASSOCIATION

🔒

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

1916

Legal Domicile

Principal Officer

CHET GLADCHUK

Phone

4102932700

Tax Period

2018-01-01 to 2018-12-31

NAVAL ACADEMY GOLF ASSOCIATION, founded in 1916, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2018. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

TO FULFILL THE NEED OF THE USNA TO HAVE A GOLF COURSE IN CLOSE PROXIMITY TO THE NAVAL ACADEMY PROPERTY IN ORDER TO EFFECTIVELY ADMINISTER A GOLF PROGRAM. THE GOLF PROGRAM FOCUSES ON THE PHYSICAL NEEDS OF MIDSHIPMEN, PROVIDES AN INVALUABLE OPPORTUNITY FOR PHYSICAL EDUCATION AND ATHLETIC TRAINING IN ADDITION TO PROMOTING THEIR PHYSICAL READINESS.

Program Service Accomplishments

Program 1

EQUIPMENT RENTAL & MAINTENANCE - PROVIDE GOLF CARTS AND CLUBS, WHEN NECESSARY, FOR MIDSHIPMAN AND MEMBER USAGE.

Program 2

GROUNDS MAINTENANCE - MAINTAIN THE NATURAL BEAUTY OF THE GOLF COURSE FOR MIDSHIPMAN AND MEMBER USAGE.

Program 3

PRINTING & PUBLICATIONS - PROMOTE THE SPORT OF GOLF AND THE USNA GOLF COURSE.

🔒

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 (2018)

Revenue Breakdown

Contributions & Grants $109,540

Program Service Revenue $2,346,154

Investment Income $1,943

Other Revenue $47,517

TOTAL REVENUE $2,505,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,379,974

Fundraising Expenses $0

Other Expenses $1,064,400

TOTAL EXPENSES $2,444,374

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,505,154	$3,392,533	-0.3%
Expenses	$2,444,374	$2,387,096	+0.0%
Net Income	$60,780	$1,005,437	-0.9%

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

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

$1,372,052

Total Directors

$976,382

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHET GLADCHUK	PRESIDENT	4.00	Officer Director	$0	$55,285	$976,382
CAPT ROBERT CHADWICK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ADM JAMES MCARTHUR JR	MEMBER	1.00	Director	$0	$0	$0
CAPT STEVE VAHSEN	MEMBER	1.00	Director	$0	$0	$0
CDR JOSEPH RUBINO	MEMBER	1.00	Director	$0	$0	$0
CDR LAMONT GOURDINE	MEMBER	1.00	Director	$0	$0	$0
CHRISTINE COPPER	MEMBER	1.00	Director	$0	$0	$0
DR DOV ZAKHEIM	MEMBER	1.00	Director	$0	$0	$0
CARL TAMULEVICH	SECRETARY	4.00	Officer	$0	$24,142	$203,350
COLLEEN JORDAN	TREASURER	4.00	Officer	$0	$19,896	$192,320
ERIC DAVID	GOLF COURSE SUPERINTENDENT	40.00	Highest	$144,814	$7,407	$152,221
PATRICK OWEN	HEAD GOLF PROFESSIONAL	40.00	Highest	$138,692	$15,312	$154,004

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
2018	$2,505,154	$2,444,374	$4,460,119	$60,780