UNITED STATES COAST GUARD ACADEMY SPONSORED PROGRAMS AND RESEARCH INC (EIN 824741058) - 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

2017

Legal Domicile

Principal Officer

PATRICK T KELLY

Tax Period

2024-01-01 to 2024-12-31

UNITED STATES COAST GUARD ACADEMY SPONSORED PROGRAMS AND RESEARCH INC, founded in 2017, is a small nonprofit in the Education sector that reported $323K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $355K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE PRIMARY MISSION OF THE ORGANIZATION IS TO ASSIST THE U.S. COAST GUARD ACADEMY FACULTY AND STAFF WITH PRE-AWARD AND POST-AWARD ACTIVITIES, DEVELOPMENT, COMPLIANCE AND ANNUAL REPORTING, AND TO ACT ON BEHALF OF THE U. S. COAST GUARD ACADEMY TO SIGN AND SUBMIT APPROVED GRANT APPLICATIONS AND TO ACCEPT NON-APPROPRIATED GRANT FUNDING.

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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 $0

Program Service Revenue $321,750

Investment Income $923

Other Revenue $0

TOTAL REVENUE $322,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $354,270

Other Expenses $355,295

TOTAL EXPENSES $355,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,673	$292,349	+0.1%
Expenses	$355,295	$321,456	+0.1%
Net Income	$-32,622	$-29,107	+0.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT R ALBRIGHT	VICE PRESIDE	1.00	Director	$0	$0	$0
PATRICK T KELLY	PRESIDENT	1.00	Director	$0	$0	$0
MICHAEL J LOPEZ	TREASURER	1.00	Director	$0	$0	$0
ROBERT E MCKENNA	SECRETARY	1.00	Officer Director	$0	$0	$0
DARREL SINGLETERRY	DIRECTOR	1.00	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	$322,673	$355,295	$202,336	$-32,622
2023	$292,349	$321,456	$390,153	$-29,107

UNITED STATES COAST GUARD ACADEMY SPONSORED PROGRAMS AND RESEARCH INC