Industrial College of the Armed Fo… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

John R Sperling

Tax Period

2023-01-01 to 2023-12-31

Industrial College of the Armed Forces, founded in 1980, is a micro nonprofit that reported $10K in total revenue in fiscal year 2023. Revenue fell 120% from the prior year — a significant decline worth monitoring.

Mission

THE ASSOCIATION EXCLUSIVELY IS FORMED FOR EDUCATIONAL PURPOSES. IT PROMOTES THE WELFARE OF AND ENHANCES THE PRESTIGIOUS EDUCATIONAL PROGRAM OF THE INDUSTRIAL COLLEGE OF THE ARMED FORCES EISENHOWER SCHOOL ALUMNI ASSOCATION.

Program Service Accomplishments

Program 1

ICAF CLOTHING AND SOUVENIER SALES TO PROMOTE AWARENESS OF EDUCATIONAL ORGANIZATION AND FOSTER NETWORKING ACTIVITIES. MEMBERS AS WELL AS NATIONAL AND INTERNATIONAL DIGNITARY SPEAKERS, BOTH MILITARY...

ICAF CLOTHING AND SOUVENIER SALES TO PROMOTE AWARENESS OF EDUCATIONAL ORGANIZATION AND FOSTER NETWORKING ACTIVITIES. MEMBERS AS WELL AS NATIONAL AND INTERNATIONAL DIGNITARY SPEAKERS, BOTH MILITARY AND CIVILIAN, COUNT ON THE SOUVENIERS AS AN IMPORTANT PART OF THE COLLEGE EXPERIENCE.

Program 2

Expenses: $8,178

SCHOLARSHIP AND RESEARCH GRANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,749

Program Service Revenue $0

Investment Income $0

Other Revenue $-16,823

TOTAL REVENUE $-10,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,635

Fundraising Expenses $0

Program Expenses $8,178

Other Expenses $17,225

TOTAL EXPENSES $20,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-10,074	$50,735	-1.2%
Expenses	$20,860	$37,647	-0.4%
Net Income	$-30,934	$13,088	-3.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John R Sperling	President	008.00	Officer Director	$0	$0	$0
Marc Halyard	1st Vice President	005.00	Officer Director	$0	$0	$0
Dr William J Mea	2nd Vice President	002.00	Officer Director	$0	$0	$0
Col Samuel Glover Jr	Ways and Means Chair	002.00	Officer Director	$0	$0	$0
Col Christopher Warner	Activities Chair	002.00	Officer Director	$0	$0	$0
Billy Starkey	Industry Rep	002.00	Director	$0	$0	$0
Kevin Mahoney	Activities	002.00	Director	$0	$0	$0
John Bailey	Class of 2020 President	002.00	Director	$0	$0	$0
Mike Oshiki	Class of 2019 Rep	002.00	Director	$0	$0	$0
Col Augusto Casado	Class of 2018 Rep	002.00	Director	$0	$0	$0
Capt Chuck Herbert	Class of 2017 Rep	002.00	Director	$0	$0	$0
Dr Paul Severence	Secretary/Exec Director	040.00	Officer Director	$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	No data	No data	No data	No data
2023	$-10,074	$20,860	$781,242	$-30,934
2022	$50,735	$37,647	$897,540	$13,088
2021	$50,277	$50,245	$883,193	$32
2020	$90,906	$19,612	$862,791	$71,294
2019	$29,428	$34,570	$748,804	$-5,142
2018	$49,577	$55,770	$667,943	$-6,193

Industrial College of the Armed Forces