NEW YORK COUNCIL NAVY LEAGUE OF TH… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

JAMES SPEAR

Phone

2128257333

Tax Period

2024-01-01 to 2024-12-31

NEW YORK COUNCIL NAVY LEAGUE OF THE UNITED STATES INC, founded in 2017, is a small nonprofit in the Public & Societal Benefit sector that reported $583K in total revenue in fiscal year 2024. Expenses of $720K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE MISSION OF THE NEW YORK COUNCIL NAVY LEAGUE OF THE UNITED STATES, INC. IS TO INFORM THE AMERICAN PEOPLE AND THEIR GOVERNMENT THAT THE UNITED STATES OF AMERICA IS A MARITIME NATION AND ITS NATIONAL DEFENSE AND ECONOMIC WELL BEING ARE DEPENDENT UPON STRONG SEA SERVICES - US NAVY, US MARINE CORPS, US COAST GUARD AND THE US FLAG MERCHANT MARINE. THIS PURPOSE IS ACCOMPLISHED THROUGH: (I) EDUCATION OF LOCAL AND NATIONAL LEADERS AND AMERICAN PUBLIC OF THE IMPORTANCE OF STRONG SEA SERVICES; (II) SUPPORT OF THE MEN AND WOMEN OF THE SEA SERVICES, INCLUDING UNITS, INDIVIDUAL PERSONNEL FROM THE ACTIVE DUTY AND RESERVE COMPONENTS AND THEIR FAMILIES; AND (III) DEVELOPMENT OF THE NEXT GENERATION OF LEADERS THROUGH YOUTH PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $109,832 Revenue: $0

YOUTH PROGRAMSTHE ORGANIZATION SUPPORTS SEVERAL PROGRAMS AND ACTIVITIES THAT EXPOSE LOCAL YOUTH TO CIVIC RESPONSIBILITY AND THE LEADERSHIP QUALITIES OF THE SEA SERVICES. 2024 PROGRAMMING INCLUDED...

YOUTH PROGRAMSTHE ORGANIZATION SUPPORTS SEVERAL PROGRAMS AND ACTIVITIES THAT EXPOSE LOCAL YOUTH TO CIVIC RESPONSIBILITY AND THE LEADERSHIP QUALITIES OF THE SEA SERVICES. 2024 PROGRAMMING INCLUDED: FINANCIAL SUPPORT OF SIX JROTC UNITS, THREE NAVAL SEA CADET UNITS AND ONE YOUNG MARINES UNIT; STIPENDS AND MEDALS RECOGNIZING OUTSTANDING PARTICIPATION OF INDIVIDUAL YOUTH PROGRAM MEMBERS; COMPLIMENTARY TICKETS AND TRANSPORTATION TO COUNCIL EVENTS AND AWARDING OF BACKPACKS FILLED WITH SCHOOL SUPPLIES TO ALL NEW YOUTH PROGRAM PARTICIPANTS.

Program 2

Expenses: $238,915 Revenue: $7,470

FLEET SUPPORTTHE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO UNITS AND INDIVIDUAL PERSONNEL OF THE SEA SERVICES AND THEIR FAMILIES. 2024 PROGRAMMING INCLUDED: AWARDS TO SAILORS OF THE QUARTER/YEAR FOR USCG STATION NY, USCG SECTOR NY, USCG MSST NY AND NAVAL TALENT ACQUISITION GROUP-EMPIRE STATE; HOSTING OF EVENTS DURING FLEET WEEK NEW YORK; ANNUAL RECOGNITION OF NEWLY COMMISSIONED OFFICERS AT USMMA, SUNY MARITIME COLLEGE AND FORDHAM UNIVERSITY; FINANCIAL AND VOLUNTEER SUPPORT FOR PROGRAMS AT LOCAL AND VISITING USCG, NAVY AND MARINE CORPS COMMANDS AND MERCHANT MARINE EDUCATIONAL INSTITUTIONS; AND COMMISSIONING CELEBRATION EVENTS FOR USS JOHN BASILONE.

Program 3

Expenses: $64,030 Revenue: $11,517

EDUCATION & ADVOCACYTHE ORGANIZATION HOSTS EVENTS AND RUNS PROGRAMS FOR MEMBERS AND THE PUBLIC TO FURTHER OUR MISSION OF EDUCATING THE PUBLIC AND ELECTED OFFICIALS ON THE IMPORTANCE OF THE SEA...

EDUCATION & ADVOCACYTHE ORGANIZATION HOSTS EVENTS AND RUNS PROGRAMS FOR MEMBERS AND THE PUBLIC TO FURTHER OUR MISSION OF EDUCATING THE PUBLIC AND ELECTED OFFICIALS ON THE IMPORTANCE OF THE SEA SERVICES. 2024 PROGRAMMING INCLUDED: THE NEW YORK MARITIME SECURITY CONFERENCE, TWO IN-PERSON NATIONAL SECURITY BRIEFINGS, SUPPORT OF THE COAST GUARD ART PROGRAM, SUPPORT FOR MARITIME INDUSTRY STUDENTS AND GRADUATES AT KINGSBOROUGH COMMUNITY COLLEGE AND PARTICIPATION OF COUNCIL MEMBERS IN LEGISLATIVE AFFAIRS EFFORTS AT THE LOCAL AND NATIONAL LEVEL.

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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 $268,734

Program Service Revenue $64,468

Investment Income $325,464

Other Revenue $-75,979

TOTAL REVENUE $582,687

Expense Breakdown

Grants Paid $133,925

Salaries & Benefits $181,047

Fundraising Expenses $0

Program Expenses $622,894

Other Expenses $404,908

TOTAL EXPENSES $719,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$582,687	$570,735	+0.0%
Expenses	$719,880	$804,581	-0.1%
Net Income	$-137,193	$-233,846	-0.4%

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

124

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
JAMES SPEAR	PRESIDENT	5.00	Officer Director	$0	$0	$0
COL CHARLES R BLAICH USMC RET	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CDR EVAN D DASH USN RET	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NADIA FAROOQ	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NORMA MILIO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD P LOWE	TREASURER	2.00	Officer Director	$0	$0	$0
VERONICA HITCHEN	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD S HELLER ESQ	JUDGE ADVOCATE	2.00	Director	$0	$0	$0
REV GERALD E MURRAY JR	CHAPLAIN	2.00	Director	$0	$0	$0
JONATHAN BERNZ	DIRECTOR	2.00	Director	$0	$0	$0
SKYLAR BONNE	DIRECTOR	2.00	Director	$0	$0	$0
JOEL DUNN	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH FILA	DIRECTOR	2.00	Director	$0	$0	$0
GARY K KILBERG	DIRECTOR	2.00	Director	$0	$0	$0
CAPT THEODORE T MASON USN RET	DIRECTOR	2.00	Director	$0	$0	$0
CAPT FRANK R RUSSO JR USN RET	DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN SAUVIGNE	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL SOLOMON	DIRECTOR	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	$582,687	$719,880	$4,946,827	$-137,193
2023	$570,735	$804,581	$4,590,781	$-233,846
2022	$180,668	$661,062	$4,467,371	$-480,394
2021	$1,653,851	$423,438	$5,773,737	$1,230,413
2020	$1,106,796	$416,124	$4,526,613	$690,672
2019	$418,068	$512,285	$4,117,759	$-94,217
2018	$1,173,677	$579,617	$3,456,270	$594,060

NEW YORK COUNCIL NAVY LEAGUE OF THE UNITED STATES INC