BLUEFORGE ALLIANCE

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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

2022

Legal Domicile

Principal Officer

KILEY WREN

Phone

8326604489

Tax Period

2023-10-01 to 2024-09-30

BLUEFORGE ALLIANCE, founded in 2022, is a major nonprofit in the Science & Technology sector that reported $480.9M in total revenue in fiscal year 2023. Revenue surged 328% from the prior year, signaling strong growth momentum. Expenses of $455.6M left a modest 5% surplus.

Mission

BLUEFORGE ALLIANCE (BFA) WAS ESTABLISHED IN 2022 UNDER THE LAWS OF THE STATE OF TEXAS TO SERVE AS AN UNBIASED, NEUTRAL PROGRAM INTEGRATOR ACROSS INDUSTRY, ACADEMIA, AND GOVERNMENT TO ADVANCE NATIONAL SECURITY OBJECTIVES. (CONTINUED ON SCHEDULE O)AS A TAX-EXEMPT ENTITY TO LESSEN THE BURDENS OF THE U.S. NAVY AND THE DEPARTMENT OF DEFENSE (DOD), BFA'S MISSION IS TO ENABLE THE MARITIME MANUFACTURING INDUSTRY TO BUILD AND MAINTAIN THE NEXT GENERATION OF RESILIENT UNDERSEA PLATFORMS FOR AMERICA AND ITS ALLIES BY INCREASING CAPABILITY, CAPACITY AND RESILIENCE.

Program Service Accomplishments

Program 1

Expenses: $440,172,250 Revenue: $480,215,952

IN FISCAL YEAR 2024, BFA SUPPORTED ONE PROGRAM UNDER TWO CONTRACTS WITH THE U.S. DEPARTMENT OF DEFENSE (DOD) NAVY TO ADVANCE THE PROGRAM GOALS OF GALVANIZING AND REVITALIZING THE U.S. MARITIME...

IN FISCAL YEAR 2024, BFA SUPPORTED ONE PROGRAM UNDER TWO CONTRACTS WITH THE U.S. DEPARTMENT OF DEFENSE (DOD) NAVY TO ADVANCE THE PROGRAM GOALS OF GALVANIZING AND REVITALIZING THE U.S. MARITIME INDUSTRIAL BASE (MIB). TO LESSEN THE BURDEN OF GOVERNMENT, BFA EXECUTES AND INTEGRATES SCIENTIFIC AND EDUCATIONAL ACTIVITIES THROUGH FACILITATING COLLABORATIONS AMONG GOVERNMENT AGENCIES, ACADEMIA, INDUSTRY, AND THE GENERAL PUBLIC FOR THE PURPOSE OF CONTRIBUTING TO OPERATIONAL AND COST EFFICIENCIES TOWARDS ACHIEVING NATIONAL SECURITY PRIORITIES. (SEE SCHEDULE O)BFA SERVES THIS CRITICALLY IMPORTANT CHARITABLE CAUSE BY BEING A CONDUIT TO THE U.S. NAVY AND BROADER DOD FOR CONVENING DIRECT EXPERTISE IN SUPPLIER DEVELOPMENT, STRATEGIC OUTSOURCING, WORKFORCE DEVELOPMENT AND OUTREACH, TECHNOLOGY ADVANCEMENT, AND CONTRACTING WITH SPECIALIZED CONSULTANTS, GOVERNMENTAL AGENCIES, EDUCATIONAL INSTITUTIONS, AND NAVY SUPPLIERS. APPROXIMATELY 97% OF BFA'S EXPENSES FOR THE YEAR ENDED SEPTEMBER 30, 2024 WERE PROGRAM RELATED.

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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 $100

Program Service Revenue $480,215,952

Investment Income $652,634

Other Revenue $440

TOTAL REVENUE $480,869,126

Expense Breakdown

Grants Paid $128,480

Salaries & Benefits $26,188,834

Fundraising Expenses $0

Program Expenses $440,172,250

Other Expenses $429,323,040

TOTAL EXPENSES $455,640,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$480,869,126	$112,427,989	+3.3%
Expenses	$455,640,354	$106,232,175	+3.3%
Net Income	$25,228,772	$6,195,814	+3.1%

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

101

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

$1,436,286

Total Directors

$1,218,043

Key Employees

$1,075,689

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KILEY WREN	CO-CEO	40.00	Officer Director	$474,623	$39,681	$514,304
RANDALL GORHAM	CO-CEO	40.00	Officer Director	$473,520	$19,881	$493,401
LEWIS O'HERN	CHF. OF STAFF (TERM 03/24)/SECRETARY	40.00	Officer Director	$198,963	$11,375	$210,338
EDWARD MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW HINTON	CFO (THRU 06/24)/VP OF ACCOUNTING	40.00	Officer	$204,027	$14,216	$218,243
CLETUS GLASENER	CHIEF FINANCIAL OFFICER (AS OF 6/24)	40.00	Officer	$0	$0	$0
MATTHEW L PROCHASKA	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$345,968	$24,289	$370,257
WILLIAM R STOCKTON	CHIEF ADMINISTRATION OFFICER	40.00	Key Emp	$340,834	$12,251	$353,085
ARNOLD KRAVITZ	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$332,448	$19,899	$352,347
LINDY M BEASLEY	VP, CONTRACTS & COMPLIANCE	40.00	Highest	$236,605	$33,414	$270,019
RICHARD S TERRY	VP, CORPORATE OPERATIONS	40.00	Highest	$229,067	$32,762	$261,829
JENNIFER MINDOCK	VP, SYSTEMS ARCHITECTURE & STRATEGY	40.00	Highest	$225,402	$24,419	$249,821
JUSTIN R BUSSE	PROGRAM MANAGER	40.00	Highest	$217,451	$26,056	$243,507
CHRISTOPHER S HOLSHOUSER	MANAGING DIRECTOR, TECHNOLOGY	40.00	Highest	$187,983	$20,583	$208,566

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	$480,869,126	$455,640,354	$74,604,278	$25,228,772
2023	$112,427,989	$106,232,175	$49,134,623	$6,195,814