PACIFIC FLEET SUBMARINE MEMORIAL ASSOC (EIN 990185999) - 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

1978

Legal Domicile

Principal Officer

CAPT CHARLES K MERKEL

Phone

8084231341

Tax Period

2023-01-01 to 2023-12-31

PACIFIC FLEET SUBMARINE MEMORIAL ASSOC, founded in 1978, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.4M, a strong 33% operating margin.

Mission

TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL.

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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 $804,381

Program Service Revenue $7,938,959

Investment Income $245,058

Other Revenue $1,190,005

TOTAL REVENUE $10,178,403

Expense Breakdown

Grants Paid $69,216

Salaries & Benefits $2,105,233

Fundraising Expenses $40,030

Program Expenses $5,811,863

Other Expenses $4,594,574

TOTAL EXPENSES $6,769,023

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,178,403	$8,962,535	+0.1%
Expenses	$6,769,023	$5,803,740	+0.2%
Net Income	$3,409,380	$3,158,795	+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

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

$234,176

Total Directors

$234,176

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES K MERKEL USN RET	EXECUTIVE DIRECTOR/PRESIDENT	40.00	Officer Director	$211,250	$22,926	$234,176
PETER W MILLER USN RET	CHAIRMAN/DIRECTOR	2.00	Officer Director	$0	$0	$0
STEVEN AUERBACH	VICE PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
WILLIAM HICKS	TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
COLIN YOSHIYAMA	SECRETARY	2.00	Officer Director	$0	$0	$0
ALISA BENDER	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL S DANNAWAY	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE HORIKAMI	DIRECTOR	1.00	Director	$0	$0	$0
ALAN ITO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS G KYLE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN MADRACCIA	DIRECTOR	1.00	Director	$0	$0	$0
RODERICK J PEROFF	DIRECTOR	1.00	Director	$0	$0	$0
SHAUNA TONKIN	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL C WHATTOFF	DIRECTOR/CORPORATE COUNSEL	1.00	Officer Director	$0	$0	$0
CAROLINE WITHERSPOON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DECAPRIO	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW ST JOHN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN D FILA USN RET	FORMER SECRETARY	2.00	Officer Director	$0	$0	$0
SAMANTHA SNEED	FORMER DIRECTOR	1.00	Director	$0	$0	$0
JACK SHRIVER	FORMER 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	No data	No data	No data	No data
2023	$10,178,403	$6,769,023	$38,784,260	$3,409,380
2022	$8,962,535	$5,803,740	$35,065,985	$3,158,795
2021	$6,726,186	$4,840,992	$34,255,169	$1,885,194
2020	$2,693,069	$3,375,340	$32,288,261	$-682,271
2019	$9,201,254	$5,390,321	$24,620,379	$3,810,933
2018	$8,895,387	$6,347,527	$16,882,727	$2,547,860

PACIFIC FLEET SUBMARINE MEMORIAL ASSOC