NORFOLK NAVAL BASE&CITY OF NORFOLK REC & WELFARE PERPETUAL FUND INC (EIN 541589718) - 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

1991

Legal Domicile

Principal Officer

KAREN FRANKLIN

Phone

7572227300

Tax Period

2023-01-01 to 2023-12-31

NORFOLK NAVAL BASE&CITY OF NORFOLK REC & WELLFARE PERPETUAL FUND INC, founded in 1991, is a micro nonprofit that reported $22K in total revenue in fiscal year 2018. The organization ran a surplus of $17K, a strong 78% operating margin.

Mission

THE NORFOLK NAVAL BASE & CITY OF NORFOLK RECREATION & WELLFARE PERPETUAL FUND, INC. IS A TAX EXEMPT ORGANIZATION PERSUANT TO AN ORDER OF THE US DISTRICT COURT FOR THE EASTERN US.

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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 $0

Investment Income $19,551

Other Revenue $0

TOTAL REVENUE $19,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,343

TOTAL EXPENSES $9,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,551	$19,170	+0.0%
Expenses	$9,343	$7,177	+0.3%
Net Income	$10,208	$11,993	-0.1%

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

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
TED BAROUDY	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
DOUGLAS J BEAVER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
KAREN FRANKLIN	TREASURER	N/A	Officer Director	$0	$0	$0
EDWARD ULLOM III	PRESIDENT	N/A	Officer Director	$0	$0	$0
KRISTI SINCLAIR	SECRETARY	N/A	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
2023	$19,551	$9,343	$1,000,746	$10,208
2022	$19,170	$7,177	$965,128	$11,993
2021	$19,209	$4,839	$1,046,785	$14,370
2020	$20,393	$9,998	$1,076,622	$10,395
2019	$22,629	$4,761	$1,047,064	$17,868
2018	$22,275	$4,865	$1,009,756	$17,410

NORFOLK NAVAL BASE&CITY OF NORFOLK REC & WELFARE PERPETUAL FUND INC