THE PROPELLER CLUB OF THE UNITED STATES PORT OF NORFOLK (EIN 541123794) - 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

1931

Legal Domicile

Principal Officer

CAMILLE CROFTON CHERRY

Phone

7576224661

Tax Period

2023-01-01 to 2023-12-31

THE PROPELLER CLUB OF THE UNITED STATES PORT OF NORFOLK, founded in 1931, is a small nonprofit that reported $131K in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $24K, a strong 18% operating margin.

Mission

TO PROMOTE AND SUPPORT THE AMERICAN MERCHANT MARINE AND SUPPORT CIVIC AND MARITIME ACTIVITIES ON BOTH THE LOCAL AND NATIONAL LEVELS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $37,446

Investment Income $11

Other Revenue $100,849

TOTAL REVENUE $138,306

Expense Breakdown

Grants Paid $90,088

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $49,000

TOTAL EXPENSES $139,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,306	$159,258	-0.1%
Expenses	$139,088	$117,880	+0.2%
Net Income	$-782	$41,378	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMILLE CHERRY	PRESIDENT	3.00	Officer Director	$0	$0	$0
TERRELL MOSES	1ST VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE MULLEN	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS RUDDICK	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS ANDERSON	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREW SMITH	DIRECTOR	0.10	Director	$0	$0	$0
AARON OUELLETTE	DIRECTOR	0.10	Director	$0	$0	$0
RUSTY BAILEY	DIRECTOR	0.10	Director	$0	$0	$0
TOM BERKLEY	DIRECTOR	0.10	Director	$0	$0	$0
DON EVERTON	DIRECTOR	0.10	Director	$0	$0	$0
AMANDA ROBINSON	DIRECTOR	0.10	Director	$0	$0	$0
JENNIFER PARHAM	DIRECTOR	0.10	Director	$0	$0	$0
ABBY SMITH	DIRECTOR	0.10	Director	$0	$0	$0
CINDY GIBSON	DIRECTOR	0.10	Director	$0	$0	$0
DARRICK LEMASTER	DIRECTOR	0.10	Director	$0	$0	$0
JORDAN WEBB	DIRECTOR	0.10	Director	$0	$0	$0
BOB LYNCH	DIRECTOR	0.10	Director	$0	$0	$0
BOB FORRESTER	DIRECTOR	0.10	Director	$0	$0	$0
ADAM HALSTEAD	DIRECTOR	0.10	Director	$0	$0	$0
JAMMIE TORRES	DIRECTOR	0.10	Director	$0	$0	$0
JEANNE NOONAN	DIRECTOR	0.10	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	$138,306	$139,088	$75,021	$-782
2022	$159,258	$117,880	$75,803	$41,378
2021	$46,713	$42,455	$34,425	$4,258
2020	$30,274	$36,807	$30,167	$-6,533
2019	$159,139	$196,825	$36,700	$-37,686
2018	$130,732	$107,117	$120,316	$23,615

THE PROPELLER CLUB OF THE UNITED STATES PORT OF NORFOLK