FORCE BLUE INC

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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

2016

Legal Domicile

Principal Officer

JAMES RITTERHOFF

Phone

9148417230

Tax Period

2022-01-01 to 2022-12-31

FORCE BLUE INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $654K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $784K exceeded revenue, resulting in a 20% operating deficit.

Mission

FORCE BLUE WAS CREATED TO ADDRESS TWO SEEMINGLY UNRELATED PROBLEMS - THE RAPDILY DECLINING HEALTH OF OUR PLANET'S MARINE RESOURCES AND THE DIFFICULTY MANY RETURNING COMBAT VETERANS HAVE IN ADJUSTING TO CIVILIAN LIFE. BY UNITING THE COMMUNITY OF SPECIAL OPERATIONS VETERANS WITH THE WORLD OF MARINE SCIENCE AND CONSERVATION IN ONE, MISSION-FOCUSED PROGRAM, FORCE BLUE HAS CREATED A MODEL OF CARING, COOPERATION AND POSITIVE CHANGE WITH THE POWER TO RESTORE LIVES AND RESTORE THE PLANET.

Program Service Accomplishments

Program 1

Expenses: $534,936

FORCE BLUE IS THE ONLY NONPROFIT ORGANIZATION IN THE WORLD THAT RETRAINS, RETOOLS, AND REDEPLOYS FORMER SPECIAL OPERATIONS VETERANS AND MILITARY-TRAINED COMBAT DIVERS ON MISSIONS OF MARINE...

FORCE BLUE IS THE ONLY NONPROFIT ORGANIZATION IN THE WORLD THAT RETRAINS, RETOOLS, AND REDEPLOYS FORMER SPECIAL OPERATIONS VETERANS AND MILITARY-TRAINED COMBAT DIVERS ON MISSIONS OF MARINE CONSERVATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $442,737

Program Service Revenue $0

Investment Income $315

Other Revenue $210,686

TOTAL REVENUE $653,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,573

Fundraising Expenses $93,523

Program Expenses $534,936

Other Expenses $522,602

TOTAL EXPENSES $784,175

Year-over-Year Comparison

	2022	2021	Change
Revenue	$653,738	$797,933	-0.2%
Expenses	$784,175	$659,055	+0.2%
Net Income	$-130,437	$138,878	-1.9%

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

Independent Members

Employees

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

$123,028

Total Directors

$61,890

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO FIORE	Director	40.00	Director	$61,890	$0	$61,890
JAMES RITTERHOFF	President & CEO	40.00	Officer	$61,598	$0	$61,598
KEITH SAHM	Secretary	40.00	Officer	$61,430	$0	$61,430
KEN ROCHE	Treasurer	10.00	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
2022	$653,738	$784,175	$481,365	$-130,437
2021	$797,933	$659,055	$619,681	$138,878
2020	$692,589	$403,251	$426,065	$289,338
2019	$639,941	$777,838	$22,263	$-137,897
2018	$432,408	$363,502	$92,048	$68,906