USS FORREST SHERMAN DD-931 Foundation Inc

Nonprofit profile at a glance

EIN
522279732
IRS 990-EZ coverage
2011–2014
Forms available
Form 990-EZ 2014
Location
Bel Air, MD, USA
Phone
4108369260
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Citizen Participation

Official website

Reported finances

Revenue
$29,396
Expenses
$31,300
Assets
$7,287
Liabilities
$4,550

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Kurt Wagemann (President)
  • Robert Mehlrose (Vice President)

People named in this filing

  • Kurt Wagemann (President)
  • Robert Mehlrose (Vice President)
  • George C Lussier Jr (Secretary/Treas)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Establishment of a permanent memorial to the historic Navy ship USS Forrest Sherman DD-931 in Bath, Maine.

What it reported doing in 2014

Reunion Program - The Foundation provides a reunion program to foster the exchange of information and experiences among members of the ship's former crew.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 82
  • Sustainability: 28
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.3%; rating input score 65
  • Program expense ratio: 61.3%; rating input score 61

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -6.5%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.62; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -10.9% per year; rating input score 0; 31st percentile among comparable filings
  • Revenue growth: -24.6% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -34.8% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 65.3% of revenue deployed · 61.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $19K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2011 to 2014
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.