US NAVY MEMORIAL FOUNDATION (EIN 521104476) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

VADM JOHN B NOWELL JR

Phone

2023800762

Tax Period

2024-01-01 to 2024-12-31

US NAVY MEMORIAL FOUNDATION, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.5M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $7.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE US NAVY MEMORIAL'S MISSION IS TO HONOR, RECOGNIZE AND CELEBRATE THE MEN AND WOMEN OF THE SEA SERVICES, AND TO INFORM THE PUBLIC ABOUT THEIR SERVICE.

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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 $4,271,948

Program Service Revenue $775,669

Investment Income $120,356

Other Revenue $1,299,424

TOTAL REVENUE $6,467,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,603,853

Fundraising Expenses $1,433,782

Program Expenses $5,658,425

Other Expenses $4,707,185

TOTAL EXPENSES $7,614,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,467,397	$7,887,763	-0.2%
Expenses	$7,614,558	$5,892,995	+0.3%
Net Income	$-1,147,161	$1,994,768	-1.6%

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

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

$556,881

Total Directors

$173,136

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VADM CAROL POTTENGER USN RET	ACTING CHAIRMAN	1.00	Officer Director	$0	$0	$0
MR JOHN BURKE	TREASURER	1.00	Officer Director	$0	$0	$0
VADM HAROLD STARLING II USN RET	SECRETARY (THRU 9/20/24)	1.00	Officer Director	$0	$0	$0
RADM SAMUEL PEREZ JR USN RET	SECRETARY	1.00	Officer Director	$0	$0	$0
MS JACQUELINE ARENDS	DIRECTOR	1.00	Director	$0	$0	$0
MR JOHN BUSH	DIRECTOR	1.00	Director	$0	$0	$0
RADM MARK BUZBY USN RET	DIRECTOR	1.00	Director	$0	$0	$0
MS JO DECKER	DIRECTOR	1.00	Director	$0	$0	$0
MR LAWRENCE DI RITA	DIRECTOR	1.00	Director	$0	$0	$0
RADM MARK HEINRICH USN RET	DIRECTOR	1.00	Director	$0	$0	$0
MCPON JAMES HERDT USN RET	DIRECTOR	1.00	Director	$0	$0	$0
MR SEAN HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
MR MATTHEW KIRTLAND	DIRECTOR	1.00	Director	$0	$0	$0
MR THOMAS KUHN	DIRECTOR	1.00	Director	$0	$0	$0
VADM LUKE MCCOLLUM USN RET	DIRECTOR	1.00	Director	$0	$0	$0
CAPT MARTIN MENEZ USN RET	DIRECTOR	1.00	Director	$0	$0	$0
CDR WILLIAM NEWELL USN RET	DIRECTOR	1.00	Director	$0	$0	$0
LCDR MATTHEW PREVITS USN RET	DIRECTOR	1.00	Director	$0	$0	$0
CAPT JON SPANER USCG RET	DIRECTOR	1.00	Director	$0	$0	$0
CAPT JOSEPH SPRUILL USN RET	DIRECTOR (THRU 9/20/24)	1.00	Director	$0	$0	$0
MR VICTOR TRIONE	DIRECTOR	1.00	Director	$0	$0	$0
VADM JOHN NOWELL JR USN RET	PRESIDENT/CEO (FROM 6/14/24)	40.00	Officer Director	$173,099	$37	$173,136
MR SCOTT D MATIRNE	CFO	40.00	Officer	$167,728	$12,114	$179,842
RDML FRANK THORP IV USN RET	PRESIDENT/CEO (THRU 6/14/24)	40.00	Officer	$199,950	$3,953	$203,903
CMDCM VICTOR SMITH USN RET	VP OF PROGRAMS & EVENTS	40.00	Highest	$146,200	$5,416	$151,616
MS TERESE WINEGAN	DIRECTOR, SALES & EVENT OP	40.00	Highest	$121,807	$9,180	$130,987
MS LISA BARKER	VP OF DEVELOPMENT (THRU 11/15/24)	40.00	Highest	$147,553	$10,319	$157,872
CMDCM GLENDA ATWOOD USN RET	DPT DIRECTOR, NATIONAL CHIEF'S MESS	40.00	Highest	$117,196	$9,295	$126,491
MR WESLEY SMITH	VP PROGRAMS & ENGMNT (THRU 12/2/24)	40.00	Highest	$110,116	$0	$110,116

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	$6,467,397	$7,614,558	$9,304,820	$-1,147,161
2023	$7,887,763	$5,892,995	$5,543,274	$1,994,768
2023	$7,300,610	$5,892,995	$4,956,121	$1,407,615
2022	$5,265,255	$5,843,410	$3,653,828	$-578,155
2022	$5,265,255	$5,843,410	$3,653,828	$-578,155
2021	$5,647,232	$5,119,251	$3,731,955	$527,981
2020	$3,964,388	$4,130,648	$3,149,145	$-166,260
2019	$4,793,780	$5,060,276	$2,949,653	$-266,496
2018	$5,569,066	$5,644,119	$3,181,695	$-75,053

US NAVY MEMORIAL FOUNDATION