MARINE CORPS UNIVERSITY FOUNDATION… - 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

ANDREW AMMERMAN

Phone

7036406835

Tax Period

2023-01-01 to 2023-12-31

MARINE CORPS UNIVERSITY FOUNDATION INC, founded in 1980, is a small nonprofit in the Education sector that reported $961K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROVIDE RESOURCES THAT ENHANCE AND ENRICH THE PROFESSIONAL MILITARY EDUCATION AND LEADERSHIP OF ACTIVE DUTY AND RESERVE MARINES ACROSS THE CORPS.

Program Service Accomplishments

Program 1

Expenses: $1,086,691

THE FOUNDATION SUPPLEMENTED EXISTING MARINE CORPS UNIVERSITY PROGRAMS BY PROVIDING ADDITIONAL RESOURCES FOR A WIDE RANGE OF PROGRAMS FOR WHICH GOVERNMENT FUNDING IS NOT AVAILABLE. ADDITIONALLY, THE FOUNDATION PROVIDED RESOURCES TO MARINE UNITS AROUND THE WORLD TO SUPPORT PROFESSIONAL MILITARY EDUCATIONAL AND LEADERSHIP OPPORTUNITIES FOR WHICH GOVERNMENT FUNDING IS NOT AVAILABLE. ALL GRANTS AND ALLOCATIONS WERE EXPENDED IN SUPPORT OF THE FOUNDATION'S EXEMPT PURPOSE.

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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 $699,292

Program Service Revenue $0

Investment Income $312,071

Other Revenue $-50,167

TOTAL REVENUE $961,196

Expense Breakdown

Grants Paid $411,159

Salaries & Benefits $638,817

Fundraising Expenses $204,548

Program Expenses $1,086,691

Other Expenses $364,952

TOTAL EXPENSES $1,414,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$961,196	$1,380,743	-0.3%
Expenses	$1,414,928	$1,480,008	0.0%
Net Income	$-453,732	$-99,265	+3.6%

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

$264,614

Total Directors

$155,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD P MILLS	PRESIDENT & CEO	40.00	Officer Director	$150,000	$5,750	$155,750
JOHN F KELLY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTOPHER G OPRISON	GENERAL COUNSEL	1.00	Officer Director	$0	$0	$0
HARRY LEE CRISP III	TREASURER	1.00	Officer Director	$0	$0	$0
KIM T ADAMSON	SECRETARY	1.00	Officer Director	$0	$0	$0
DERRICK T DORTCH	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND GILMARTIN	TRUSTEE	1.00	Director	$0	$0	$0
ART GORMAN	TRUSTEE	1.00	Director	$0	$0	$0
BOB HUGIN	TRUSTEE	1.00	Director	$0	$0	$0
MATT JONES	TRUSTEE	1.00	Director	$0	$0	$0
DONALD R KNAUSS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT A LUTZ	TRUSTEE	1.00	Director	$0	$0	$0
CHARLENE MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
DOUG MCGOWAN	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN PICCIRILLI	TRUSTEE	1.00	Director	$0	$0	$0
PAUL POHL	TRUSTEE	1.00	Director	$0	$0	$0
FRANCIS QUINLAN	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN ROCHFORD	TRUSTEE	1.00	Director	$0	$0	$0
JORDAN H SAUNDERS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM J SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
MITCH SHIVERS	TRUSTEE	1.00	Director	$0	$0	$0
GUY P WYSER-PRATTE	TRUSTEE	1.00	Director	$0	$0	$0
JON SACHRISON	COO	40.00	Officer	$106,658	$2,206	$108,864
JAMES G LACEY	ACADEMIC CHAIR (NON STAFF MEMBER)	40.00	Highest	$142,000	$0	$142,000
MEREDITH K TERRIAN	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$119,533	$500	$120,033

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	$961,196	$1,414,928	$9,579,411	$-453,732
2022	$1,380,743	$1,480,008	$9,252,589	$-99,265
2021	$2,319,011	$2,039,193	$10,822,072	$279,818
2020	$409,284	$2,264,378	$11,029,551	$-1,855,094
2019	$1,321,704	$2,087,191	$11,787,647	$-765,487
2018	$1,622,507	$2,016,727	$11,207,816	$-394,220

MARINE CORPS UNIVERSITY FOUNDATION INC