NAVAL ACADEMY ATHLETIC ASSOCIATION VEBA BENEFIT TRUST (EIN 816529931) - 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

2016

Legal Domicile

Principal Officer

M COLLEEN JORDAN

Phone

4102932700

Tax Period

2023-01-01 to 2023-12-31

NAVAL ACADEMY ATHLETIC ASSOCIATION VEBA BENEFIT TRUST, founded in 2016, is a small nonprofit in the Mutual Benefit sector that reported $260K in total revenue in fiscal year 2023. The organization ran a surplus of $128K, a strong 49% operating margin.

Mission

TO PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE RETIREES OF THE NAVAL ACADEMY ATHLETIC ASSOCIATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $260,208

Other Revenue $0

TOTAL REVENUE $260,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35,501

TOTAL EXPENSES $132,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,208	$257,272	+0.0%
Expenses	$132,115	$126,156	+0.0%
Net Income	$128,093	$131,116	0.0%

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

N/A

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

$1,270,451

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHET GLADCHUK	NAAA PRESIDENT	1.00	Director	$0	$38,198	$1,015,670
M COLLEEN JORDAN	NAAA CFO/TREASURER	1.00	Director	$0	$34,607	$254,781
N/A	TRUSTEE	1.00		$8,250	$0	$8,250

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	$260,208	$132,115	$3,507,084	$128,093
2022	$257,272	$126,156	$3,208,959	$131,116
2021	$228,154	$130,611	$3,880,303	$97,543
2020	$217,947	$124,993	$3,581,773	$92,954
2019	$138,014	$107,813	$3,266,959	$30,201
2018	$178,816	$87,968	$2,821,165	$90,848

NAVAL ACADEMY ATHLETIC ASSOCIATION VEBA BENEFIT TRUST