AMERICAN SOCIETY OF NAVAL ENGINEERS

EIN: 530229465 501(c)(3) Science & Technology

ALEXANDRIA, VA

Total Revenue
$2,340,059
Total Expenses
$2,191,418
Total Assets
$1,991,866
Net Assets
$1,143,014
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
DC
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 $2.5M in total revenue in fiscal year 2017. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 4% surplus.

Mission

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

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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%)

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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

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Governance

Voting Members
24
Independent Members
23
Employees
9
Volunteers
70

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
6
$333,530
Total Directors
24
$226,003
Key Employees
0
$0
Highest Compensated
0
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
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