MARINE CORPS ASSOCIATION FOUNDATION (EIN 800340923) - 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

2009

Legal Domicile

Principal Officer

LTGEN CHARLES CHIAROTTI

Phone

8774696223

Tax Period

2024-01-01 to 2024-12-31

MARINE CORPS ASSOCIATION FOUNDATION, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year.

Mission

PROVIDE RESOUCES & SUPPORT TO SUSTAIN AND EXPAND PROGRAMS & ACTIVITIES ESSENTIAL TO MCA'S MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,778,127

Program Service Revenue $16,977

Investment Income $64,142

Other Revenue $-28,630

TOTAL REVENUE $2,830,616

Expense Breakdown

Grants Paid $1,159,795

Salaries & Benefits $466,623

Fundraising Expenses $802,180

Program Expenses $1,771,285

Other Expenses $1,038,691

TOTAL EXPENSES $2,755,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,830,616	$2,381,346	+0.2%
Expenses	$2,755,109	$2,227,339	+0.2%
Net Income	$75,507	$154,007	-0.5%

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

$456,005

Total Directors

$305,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LTGEN CHARLES CHIAROTTI	USMC (RET), PRESIDENT & CEO	5.50	Officer Director	$43,619	$14,673	$305,465
COL CHRISTOPHER WOODBRIDGEUSMCRET	VP OF PUBLISHING & PROFESSIONAL DEV.	4.00	Highest	$16,502	$9,899	$174,915
COL TIM MUNDY USMC RET	VP MARINE CORPS ASSN. FOUNDATION	36.00	Highest	$129,995	$8,960	$153,399
LEEANN MITCHELL	VP EVENTS SPONSORSHIP & ADVERTISING	4.00	Highest	$15,163	$13,483	$165,108
ANGELA HILLMAN	CHIEF FINANCIAL OFFICER	4.00	Officer	$14,233	$8,214	$150,540
LTGEN JOHN A TOOLAN USMC RET	CHAIR OF THE BOARD	2.00	Officer Director	$0	$0	$0
JAY S HOLMES USMC VET	VICE CHAIR OF THE BOARD	2.00	Officer Director	$0	$0	$0
BRYAN H WOOD SES RET	GENERAL COUNSEL	2.00	Officer Director	$0	$0	$0
COL RICHARD T BRADY USMC RET	BOARD MEMBER	2.00	Director	$0	$0	$0
LTGEN MARK BRILAKIS USMC RET	BOARD MEMBER	2.00	Director	$0	$0	$0
LTGEN JOHN J BROADMEADOW	USMC (RET), BOARD MEMBER	2.00	Director	$0	$0	$0
COL ERIC CHASE USMC RET	BOARD MEMBER	2.00	Director	$0	$0	$0
MAJ THOMAS CRAIG USMC RET	BOARD MEMBER	2.00	Director	$0	$0	$0
LTCOL CHRISTOPHER J DAVIS	USMC (RET), BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM T EICHHORN USMC VET	BOARD MEMBER	2.00	Director	$0	$0	$0
COL CHRISTOPHER ESCAMILLA	USMC (RET), BOARD MEMBER	2.00	Director	$0	$0	$0
DR SUSAN JOHNSTON	BOARD MEMBER	2.00	Director	$0	$0	$0
MAJGEN JAMES KESSLER	USMC (RET), BOARD MEMBER	2.00	Director	$0	$0	$0
COL ROBERT LOVE USMC RET	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL MARTZ USMC VET	BOARD MEMBER	2.00	Director	$0	$0	$0
COL JOHN M REED USMC RET	BOARD MEMBER	2.00	Director	$0	$0	$0
LTCOL JEFF SPEIGHTS USMC RET	BOARD MEMBER	2.00	Director	$0	$0	$0
COL ANDREW O STARR USMC RET	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL A STOCKER	BOARD MEMBER	2.00	Director	$0	$0	$0
COL EMILY SWAIN USMC RET	BOARD MEMBER	2.00	Director	$0	$0	$0
ARIANA WHITTEMORE SES RET	BOARD MEMBER	2.00	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	$2,830,616	$2,755,109	$1,159,428	$75,507
2023	$2,381,346	$2,227,339	$1,079,874	$154,007
2022	$2,003,526	$2,038,561	$977,211	$-35,035
2021	$1,886,618	$1,721,184	$1,086,252	$165,434
2020	$1,616,005	$1,507,757	$820,923	$108,248
2019	$1,597,271	$1,624,619	$650,789	$-27,348
2018	$1,589,862	$1,603,730	$664,123	$-13,868

MARINE CORPS ASSOCIATION FOUNDATION