UNITED STATES POWER SQUADRONS (EIN 596166198) - Form 990 Financial Analysis & Trantor Score

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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

1965

Legal Domicile

Principal Officer

Scott Steele

Phone

2395499754

Tax Period

2024-03-01 to 2025-02-28

UNITED STATES POWER SQUADRONS, founded in 1965, is a micro nonprofit that reported $15K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 379% operating deficit.

Mission

Provide Classes and Training on Boating Safety

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,056

Program Service Revenue $12,687

Investment Income $6,082

Other Revenue $-17,584

TOTAL REVENUE $15,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,016

Other Expenses $73,016

TOTAL EXPENSES $73,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,241	$40,711	-0.6%
Expenses	$73,016	$36,827	+1.0%
Net Income	$-57,775	$3,884	-15.9%

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

355

Independent Members

N/A

Employees

N/A

Volunteers

350

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
C McGrath	Treasurer	20	Officer	$0	$0	$0
John Swift	Executive Officer	20	Officer	$0	$0	$0
Leslie Corte-Real	Secretary	15	Officer	$0	$0	$0
Scott Steele	Commander	20	Officer	$0	$0	$0
Neil Pignatano	Education Officer	15	Officer	$0	$0	$0
Jeff Maddy	Administrative Officer	15	Officer	$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
2025	$15,241	$73,016	$1,221,962	$-57,775
2024	$40,711	$36,827	$1,251,734	$3,884
2023	$40,590	$37,016	$868,198	$3,574
2022	$36,749	$34,474	$876,715	$2,275
2021	$18,591	$37,895	$864,929	$-19,304
2020	$78,396	$61,642	$901,379	$16,754
2019	$135,306	$155,898	$878,287	$-20,592

UNITED STATES POWER SQUADRONS