AMERICAN SOCIETY OF NAVAL ENGINEERS

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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

1946

Legal Domicile

Principal Officer

DALE LUMME

Phone

7038366727

Tax Period

2022-07-01 to 2023-06-30

AMERICAN SOCIETY OF NAVAL ENGINEERS, founded in 1946, is a community nonprofit in the Science & Technology sector that reported $2.3M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 6% surplus.

Mission

ADVANCING THE KNOWLEDGE AND PRACTICE OF NAVAL ENGINEERING AND ENHANCING THE WELL-BEING OF MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $1,377,374 Revenue: $1,741,745

MEETINGS: HOLD NATIONAL AND REGIONAL TECHNICAL MEETINGS TO DISSEMINATE TECHNICAL AND EDUCATIONAL INFORMATION TO MEMBERS AND OTHERS INTERESTED IN NAVAL ENGINEERING.

Program 2

Expenses: $206,924 Revenue: $166,045

MEMBER SERVICES: GATHER AND PUBLISH TECHNICAL PAPERS, MATERIALS ABOUT SOCIETY ACTIVITIES, TECHNICAL PAPERS AND MEETINGS IN NAVAL ENGINEERS JOURNAL FOR MEMBERS AND SUBSCRIBERS (ABOUT 5,000 PERSONS)...

MEMBER SERVICES: GATHER AND PUBLISH TECHNICAL PAPERS, MATERIALS ABOUT SOCIETY ACTIVITIES, TECHNICAL PAPERS AND MEETINGS IN NAVAL ENGINEERS JOURNAL FOR MEMBERS AND SUBSCRIBERS (ABOUT 5,000 PERSONS) AND PROVIDE INFORMATION AND SERVICES AS REQUESTED BY THE MEMBERSHIP.

Program 3

Expenses: $93,857

OUTREACH AND AWARDS PROGRAMS: STUDENT AWARDS, SCHOLARSHIPS AND ENGINEERING AWARDS (15 PERSONS) TO ENCOURAGE AND SUPPORT THOSE INTERESTED IN NAVAL ENGINEERING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $380,825

Program Service Revenue $1,907,790

Investment Income $50,048

Other Revenue $1,396

TOTAL REVENUE $2,340,059

Expense Breakdown

Grants Paid $206,545

Salaries & Benefits $805,793

Fundraising Expenses $55,536

Program Expenses $1,678,155

Other Expenses $1,179,080

TOTAL EXPENSES $2,191,418

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,340,059	$2,000,429	+0.2%
Expenses	$2,191,418	$2,329,074	-0.1%
Net Income	$148,641	$-328,645	-1.5%

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

$333,530

Total Directors

$226,003

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE LUMME	ED - SEC/TREAS	60.00	Officer Director	$217,523	$8,480	$226,003
MARK HUGEL	PRESIDENT	10.00	Officer Director	$0	$0	$0
DAVID LEWIS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSESPH LUCKARD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RONALD RABAGO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DALE BAUGH	COUNCIL MEMBER	1.00	Director	$0	$0	$0
E MICHAEL GOLDA	COUNCIL MEMBER	1.00	Director	$0	$0	$0
GLEN GROGAN	COUNCIL MEMBER	1.00	Director	$0	$0	$0
MAKAYLA HOLT	COUNCIL MEMBER	1.00	Director	$0	$0	$0
SHELIA JENKINS	COUNCIL MEMBER	1.00	Director	$0	$0	$0
CAROLYN JUDGE	COUNCIL MEMBER	1.00	Director	$0	$0	$0
PATRICIA MCGINN	COUNCIL MEMBER	1.00	Director	$0	$0	$0
MARGARET NATE	COUNCIL MEMBER	1.00	Director	$0	$0	$0
CHARLES PFEIFER	COUNCIL MEMBER	1.00	Director	$0	$0	$0
RENEE REEDY	COUNCIL MEMBER	1.00	Director	$0	$0	$0
MATT RICHARDSON	COUNCIL MEMBER	1.00	Director	$0	$0	$0
RICHARD WHITE	COUNCIL MEMBER	1.00	Director	$0	$0	$0
MARK WHITNEY	COUNCIL MEMBER	1.00	Director	$0	$0	$0
EDWARD EASTLACK	SECTION CHARIMAN	1.00	Director	$0	$0	$0
ALLISON HICE	SECTION CHARIMAN	1.00	Director	$0	$0	$0
GLENN HOFERT	SECTION CHARIMAN	1.00	Director	$0	$0	$0
JOSEPH IACOVETTA	SECTION CHARIMAN	1.00	Director	$0	$0	$0
MICHAEL ROWLES	SECTION CHARIMAN	1.00	Director	$0	$0	$0
GREGORY THOMAS	SECTION CHARIMAN	1.00	Director	$0	$0	$0
NANCY LACKEY	CFO	43.00	Officer	$101,441	$6,086	$107,527

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
2023	$2,340,059	$2,191,418	$1,991,866	$148,641
2022	$2,000,429	$2,329,074	$1,973,845	$-328,645
2021	$1,106,089	$1,387,127	$2,368,280	$-281,038
2020	$1,437,690	$2,143,274	$2,583,132	$-705,584
2019	$3,948,429	$2,657,144	$2,926,845	$1,291,285
2018	$2,525,443	$2,425,308	$1,771,311	$100,135