ARMY AND NAVY ACADEMY CARLSBAD CALIFORNIA (EIN 951184512) - 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

1910

Legal Domicile

Phone

7607292385

Tax Period

2023-09-01 to 2024-08-31

ARMY AND NAVY ACADEMY CARLSBAD CALIFORNIA, founded in 1910, is a mid-sized nonprofit in the Education sector that reported $19.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $17.9M left a modest 9% surplus.

Mission

TO FORGE VIRTUOUS YOUNG MEN FOR LIFE.

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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 $2,419,029

Program Service Revenue $16,459,448

Investment Income $348,872

Other Revenue $478,703

TOTAL REVENUE $19,706,052

Expense Breakdown

Grants Paid $1,742,647

Salaries & Benefits $9,034,618

Fundraising Expenses $332,540

Program Expenses $14,951,600

Other Expenses $7,160,044

TOTAL EXPENSES $17,937,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,706,052	$16,597,329	+0.2%
Expenses	$17,937,309	$15,838,887	+0.1%
Net Income	$1,768,743	$758,442	+1.3%

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

172

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

$304,851

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY COMBS	President	40.00	Officer	$302,857	$1,994	$304,851
CLINT JESPERSEN	DIR OF CONSTR.	40.00		$271,659	$0	$271,659
JANET PULLEN	VP Finance & Ops	40.00		$197,820	$0	$197,820
FAITH COHEN	DIR OF DEVELOPMENT	40.00		$165,492	$0	$165,492
CHRIS THAELER	DIR. OF IT / DEAN	40.00		$137,557	$0	$137,557
CURBY SCARBOROUGH	SR JROTC INSTRUCT	40.00		$115,022	$0	$115,022
BARRY SHREIAR	Chairman	1.00	Officer Director	$0	$0	$0
JEFFREY TISOR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
FRANK MONTELEONE JR	Treasurer	1.00	Officer Director	$0	$0	$0
BRADLEY LARSEN	Secretary	1.00	Officer Director	$0	$0	$0
JACK D WYATT	Trustee	1.00	Director	$0	$0	$0
SAMUEL SANDY KAHN	Trustee	1.00	Director	$0	$0	$0
JOHN BURDEN	Trustee	1.00	Director	$0	$0	$0
ED ROE	Trustee	1.00	Director	$0	$0	$0
JUSTIN TIPP	Trustee	1.00	Director	$0	$0	$0
JAMES J WEBER	Trustee	1.00	Director	$0	$0	$0
JOHN MICHELS MD	Trustee	1.00	Director	$0	$0	$0
GRIFF LEWIS	Trustee	1.00	Director	$0	$0	$0
RADHA THOMPSON	Trustee	1.00	Director	$0	$0	$0
JAMES JIM MERLINO	Trustee	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	$19,706,052	$17,937,309	$42,675,873	$1,768,743
2023	$16,597,329	$15,838,887	$38,453,401	$758,442
2022	$13,086,895	$14,854,627	$36,330,282	$-1,767,732
2021	$12,387,167	$12,650,497	$37,972,311	$-263,330
2020	$11,338,437	$12,340,340	$34,944,301	$-1,001,903
2019	$13,781,925	$13,858,263	$34,402,522	$-76,338
2018	$13,876,467	$12,696,989	$34,856,430	$1,179,478

ARMY AND NAVY ACADEMY CARLSBAD CALIFORNIA