NAVY SEABEE FOUNDATION (EIN 520910325) - 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

1970

Legal Domicile

Principal Officer

DAN MILLER

Phone

7036907672

Tax Period

2024-01-01 to 2024-12-31

SEABEE MEMORIAL SCHOLARSHIP ASSOCIATION INC, founded in 1974, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2018. Expenses of $1.1M left a modest 4% surplus.

Mission

TO PROVIDE SCHOLARSHIPS AND PRESERVE AND PROTECT THE HISTORY AND LEGACY OF THE US NAVY SEABEES.

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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 (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

$143,557

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS V CARIELLO	VICE CHAIRMAN	10.00	Officer Director	$0	$0	$0
DAVID J CROWELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN DONOVAN	DIRECTOR	10.00	Director	$0	$0	$0
TONY EDMONDS	DIRECTOR	1.00	Director	$0	$0	$0
TOM CYR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BLOUNT	DIRECTOR	1.00	Director	$0	$0	$0
MARK HANDLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE HEWITT	DIRECTOR	1.00	Director	$0	$0	$0
TRUDY HOFF	DIRECTOR	1.00	Director	$0	$0	$0
JENN DONAHUE	DIRECTOR	1.00	Director	$0	$0	$0
DWIGHT HAMBORSKY	DIRECTOR (EX OFFICIO)	1.00	Director	$0	$0	$0
KELLI LAPOINT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LEMPKE	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MORTON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES M MCGARRAH	DIRECTOR	1.00	Director	$0	$0	$0
ROGER MOTZKO	DIRECTOR	1.00	Director	$0	$0	$0
BRET MUILENBURG	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA RUSINKO	DIRECTOR	1.00	Director	$0	$0	$0
JIM SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
E BRIAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER WALTON	DIRECTOR	1.00	Director	$0	$0	$0
PERCY TRENT	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL K MILLER	EXCUTIVE DIRECTOR	40.00	Officer Director	$143,557	$0	$143,557
KEVIN SLATES	CHAIRMAN	10.00	Officer Director	$0	$0	$0
GERALD SCHMUCK	OFFICER	1.00	Officer Director	$0	$0	$0
EMMANUEL BAUTISTA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM FINN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FLEISCH	DIRECTOR	1.00	Director	$0	$0	$0
LARA GODBILLE	DIRECTOR (EX OFFICIO)	1.00	Director	$0	$0	$0
MICHAEL KORMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KUCINSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER KURGAN	DIRECTOR	1.00	Director	$0	$0	$0
CLIFFORD MAUERER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RAMSAY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIO RIOS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM RUDICH	DIRECTOR	1.00	Director	$0	$0	$0
TOMAS SANTOS	DIRECTOR	1.00	Director	$0	$0	$0
GARY ROUSE	SECRETARY	1.00	Officer	$0	$0	$0
GREG PHILIPS	COUNSEL	1.00	Officer	$0	$0	$0
DOUGLAS HEINER	SENIOR ENLISTED LEADER	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	$1,599,500	$1,395,714	$16,566,159	$203,786
2023	$1,585,444	$913,685	$14,163,015	$671,759
2022	$1,816,513	$624,081	$10,678,670	$1,192,432
2021	$1,914,062	$724,148	$12,178,257	$1,189,914
2020	$1,243,315	$800,086	$9,516,206	$443,229
2019	$1,171,800	$933,719	$8,190,191	$238,081
2019	$1,171,800	$933,719	$8,190,191	$238,081
2018	$1,114,901	$1,070,211	$6,596,087	$44,690

NAVY SEABEE FOUNDATION