US Naval Sea Cadet Corps (EIN 520808385) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

Andrew Lennon

Phone

7032436910

Tax Period

2023-01-01 to 2023-12-31

US NAVAL SEA CADET CORPS, founded in 1958, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

See Part III, Line 1.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,511,153

Program Service Revenue $1,798,979

Investment Income $185,508

Other Revenue $116,173

TOTAL REVENUE $8,611,813

Expense Breakdown

Grants Paid $8,448

Salaries & Benefits $1,569,444

Fundraising Expenses $110,932

Program Expenses $6,372,716

Other Expenses $5,677,200

TOTAL EXPENSES $7,255,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,611,813	$7,807,254	+0.1%
Expenses	$7,255,092	$7,654,212	-0.1%
Net Income	$1,356,721	$153,042	+7.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

2000

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

$223,573

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynn Atkinson MD	Vice Chair (Jan-Jun),Chair (Jun-Dec)	10.00	Officer Director	$0	$0	$0
Anthony Cowden	Director	1.00	Director	$0	$0	$0
Gary Gertz	Vice President	1.00	Officer Director	$0	$0	$0
JR Haley	Vice President	1.00	Officer Director	$0	$0	$0
Sarah Higgins	Director	1.00	Director	$0	$0	$0
Ron Higgs	Director	1.00	Director	$0	$0	$0
Eric Holloway	Director	1.00	Director	$0	$0	$0
Anju Kettish	Director	1.00	Director	$0	$0	$0
Thomas Klomps	Vice President	1.00	Officer Director	$0	$0	$0
George Kovatch	Treasurer (Jun-Dec)	1.00	Officer Director	$0	$0	$0
Bob Love	Director	1.00	Director	$0	$0	$0
Thomas O'Malley	Vice President	1.00	Officer Director	$0	$0	$0
Vincent Patton III	Director	1.00	Director	$0	$0	$0
William Stephens	Treas (Jan-Jun), Asst Tr (Jun-Dec)	1.00	Officer Director	$0	$0	$0
Ben Stranzl	Board Legal Consultant	1.00	Director	$0	$0	$0
John Sutter	Director, Vice President (Jan-Jun)	1.00	Officer Director	$0	$0	$0
Timothy Moon	Board Chair (Jan-Jun)	10.00	Officer Director	$0	$0	$0
Keith Larson	VP (Jan-Jun), Vice Chair (Jun-Dec)	1.00	Officer Director	$0	$0	$0
James Sketchley	Director	1.00	Director	$0	$0	$0
Ronney Wright	Director	1.00	Director	$0	$0	$0
David Ford	Director	1.00	Director	$0	$0	$0
James Malloy	Director	1.00	Director	$0	$0	$0
Annie Andrews	Director	1.00	Director	$0	$0	$0
Sean Cross	Director	1.00	Director	$0	$0	$0
Alan Kaplan	Director	1.00	Director	$0	$0	$0
Andrew Lennon	Executive Director	40.00	Officer	$196,215	$27,358	$223,573
Vicki Powell	Chief of Staff	40.00	Highest	$154,500	$17,398	$171,898
Sunitha Thazethe	I.T. Director	40.00	Highest	$120,100	$21,419	$141,519
Karen C Montagne	Program Director	40.00	Highest	$113,300	$43,086	$156,386
William R Radomski	Area Commander	40.00	Highest	$101,940	$6,214	$108,154
Thurraya Kent	Area Commander	40.00	Highest	$101,000	$3,879	$104,879

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
2024	No data	No data	No data	No data
2023	$8,611,813	$7,255,092	$6,718,230	$1,356,721
2022	$7,807,254	$7,654,212	$5,194,461	$153,042
2021	$8,234,482	$7,186,875	$6,985,927	$1,047,607
2020	$5,830,825	$5,677,830	$5,528,516	$152,995
2019	$9,422,293	$8,987,262	$3,321,716	$435,031
2018	$7,204,593	$7,262,081	$2,886,658	$-57,488

US Naval Sea Cadet Corps