NATIONAL BOARD OF THE ROCKS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

Lawrence Gillespie

Phone

3014235500

Tax Period

2022-01-01 to 2022-12-31

NATIONAL BOARD OF THE ROCKS INC, founded in 1974, is a micro nonprofit in the Public & Societal Benefit sector that reported $48K in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. Expenses of $70K exceeded revenue, resulting in a 47% operating deficit.

Mission

To strengthen the US Armed & Uniformed Services Officer Corps and Senior Government Civilians providing & promoting mentorship, leader development and diversity, coaching, scholarship, networking, and professional development to maximize and leverage talent across the leadership spectrum

Program Service Accomplishments

Program 1

Expenses: $6,000 Revenue: $8,228

RC Cartwright Scholarship Fund... A philanthropic aspect or The National Board's operations, the organization recognizes college level Freshmen, Sophomore and Senior students who require financial...

RC Cartwright Scholarship Fund... A philanthropic aspect or The National Board's operations, the organization recognizes college level Freshmen, Sophomore and Senior students who require financial assistance lo continue their collegiate careers. Students must be in good academic standing in a ROTC program and receive a nomination from their professor of military science. The organization awarded four (4) $1500 scholarships.

Program 2

Expenses: $3,000 Revenue: $8,760

LTG Edward Honor Fund ... Another philanthropic part of the National Board's operations. The Honor fund annually recognizes Senior Army ROTC cadets best personifying the leadership and mentoring...

LTG Edward Honor Fund ... Another philanthropic part of the National Board's operations. The Honor fund annually recognizes Senior Army ROTC cadets best personifying the leadership and mentoring traits of a revered Individual in the organization's 48-year history. The annual. scholarship award amount. Is. $3000

Program 3

Expenses: $10,640 Revenue: $0

The organization uses a software program to manage the sustainment of active mentoring pairs.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $60,251

Program Service Revenue $0

Investment Income $-12,664

Other Revenue $0

TOTAL REVENUE $47,587

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $0

Fundraising Expenses $4,915

Program Expenses $26,836

Other Expenses $54,562

TOTAL EXPENSES $69,715

Year-over-Year Comparison

	2022	2021	Change
Revenue	$47,587	$52,529	-0.1%
Expenses	$69,715	$63,448	+0.1%
Net Income	$-22,128	$-10,919	+1.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Lawrence Gillespie	Chairperson	2	Director	$0	$0	$0
Ray Bingham	Vice Chairperson	2.00	Director	$0	$0	$0
Delores Johnson-Davis	VP, Civilian Affairs	2	Director	$0	$0	$0
Damond Davis	VP, Communications and Publications	1	Director	$0	$0	$0
Clara Adams-Ender	VP, Corporate Outreach	2	Director	$0	$0	$0
Eric Flowers	VP, Finance	2.00	Director	$0	$0	$0
Angie Hemingway	VP, Membership Development	2	Director	$0	$0	$0
Kim Short	VP, Mentorship	2	Director	$0	$0	$0
Aaron Dean	VP, National Guard and Reserve Affairs	2	Director	$0	$0	$0
Michael McClendon	VP, ROTC Progams	2	Director	$0	$0	$0
Dorene Hurt	VP, Special Projects	2	Director	$0	$0	$0
Frank Francois	Hisorian	2	Director	$0	$0	$0
James Sears	Secretary	2	Director	$0	$0	$0
Shelia Flowers	VP, Transitioning Members & Veterans Affairs	2	Director	$0	$0	$0
Greg Edison	Chaplain	2	Director	$0	$0	$0
Earl Simms	Immediate Past Chairperson	2	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	No data	No data	No data	No data
2022	$47,587	$69,715	$158,433	$-22,128
2021	$52,529	$63,448	$188,952	$-10,919
2020	$61,219	$52,528	$170,695	$8,691