Naval Submarine League
Nonprofit profile at a glance
- EIN
- 521270467
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- Alexandria, VA, USA
- Phone
- 7032560891
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Military, Veterans' Organizations
Reported finances
- Revenue
- $2,649,943
- Expenses
- $2,441,178
- Assets
- $4,601,941
- Liabilities
- $1,004,338
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- STEPHEN FISCHER (EXECUTIVE DIRECTOR)
- WILLY HILARIDES (PRESIDENT)
- LAURA HOOKS (VICE PRESIDENT)
Highest reported compensation
- STEPHEN FISCHER (EXECUTIVE DIRECTOR): $164,981 total reported compensation
- SARAH ARMSTRONG (DIRECTOR, CORPORATE ENGAGEMENT EVENTS): $121,072 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o
What it reported doing in 2024
Other programs involve both staff and individual members across the country. Chapters nationwide receive annual stipends every nsl member is affiliated with a chapter and receives news of local chapter meetings and opportunities to participate in promoting the mission of the nsl. Active-duty support includes awards, commissioning committees, a mentor program and support to the nrotc, sub clubs, and the us naval academy. Communicating with the public about the importance of submarines to the national defense is accomplished through industry briefs, speakers bureau, the submarine review quarterly magazine and online archive, and the nsl website. The heritage of the submarine force is preserved via distinguished civilian and submariner annual awards, recorded interviews, support for submarine reunions, and the development of a library and resource center.
Operating model
- Revenue model
- Earned-program. 79% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 75
- Accountability: 100
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.5%; rating input score 75
- Program expense ratio: 85.9%; rating input score 86
- Fundraising efficiency: $23.59 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.9%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 1.89; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 11.7%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 9.6% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 8% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 14.6% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 75.5% of revenue deployed · 85.9% of spending went to programs
- Governance: 23 of 23 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $2.1M in reported program spending
- Leadership: top reported pay $165K · 25 people listed · 3 of 6 pay-setting controls reported
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 58/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 25/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.