NAVY SEABEE 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

1970

Legal Domicile

Principal Officer

DAN MILLER

Phone

7036907672

Tax Period

2024-01-01 to 2024-12-31

NAVY SEABEE FOUNDATION, founded in 1970, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 13% surplus.

Mission

PROVIDE SCHOLARSHIPS AND ENSURE THAT THE PROUD HERITAGE AND RICH HISTORY OF THE NAVY'S MILITARY CONSTRUCTION FORCE, THE SEABEES, AND CIVIL ENGINEER CORPS (CEC) IS PRESERVED AND MAINTAINED AT THE US NAVY SEABEE MUSEUM AND OTHER HERITAGE SITES.

Program Service Accomplishments

Program 1

Expenses: $858,398

THE FOUNDATION PROVIDES SCHOLARSHIP GRANTS TO CHILDREN AND GRANDCHILDREN OF INDIVIDUALS WHO HAVE SERVED IN THE U.S. NAVY SEABEES, THE CIVIL ENGINEER CORPS AND OTHERS WHO SERVED IN THE NAVAL...

THE FOUNDATION PROVIDES SCHOLARSHIP GRANTS TO CHILDREN AND GRANDCHILDREN OF INDIVIDUALS WHO HAVE SERVED IN THE U.S. NAVY SEABEES, THE CIVIL ENGINEER CORPS AND OTHERS WHO SERVED IN THE NAVAL CONSTRUCTION FORCE. IT ALSO SUPPORTS THE US NAVY SEABEE MUSEUM IN PORT HUENEME , THE SEABEE HERITAGE CENTER IN GULFPORT AND OTHER MONUMENTS AND MEMORIALS TO THE U.S. NAVY SEABEES AND SUPPORTS THE WELL-BEING OF CURRENT AND FORMER MEMBERS OF THE SEABEE/CEC COMMUNITY AND THEIR FAMILIES.

Program 2

Expenses: $214,599

DONOR SERVICES - THE FOUNDATION PROVIDES SUPPORT TO OUR DONORS BY PROVIDING THEM UPDATES ON THE ACTIVITIES OF THE FOUNDATION AND THE US NAVY SEABEES, HOSTING EVENTS AROUND THE COUNTRY AND PROVIDING EXTENSIVE INFORMATION ON OUR WEBSITE SEABEE.ORG. THE FOUNDATION ALSO PROVIDES SUPPORT TO SEABEES AND THEIR FAMILIES, AND VETERANS BY KEEPING THEIR INFORMATION UPDATED IN OUR DATABASE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $904,585

Program Service Revenue $0

Investment Income $443,800

Other Revenue $251,115

TOTAL REVENUE $1,599,500

Expense Breakdown

Grants Paid $596,509

Salaries & Benefits $393,863

Fundraising Expenses $154,281

Program Expenses $1,072,997

Other Expenses $405,342

TOTAL EXPENSES $1,395,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,599,500	$1,585,444	+0.0%
Expenses	$1,395,714	$913,685	+0.5%
Net Income	$203,786	$671,759	-0.7%

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

500

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

$143,557

Total Directors