Review on Dependable Boy Scout Compass for Navigation, Orienteering, and Survival - Liquid Filled, Rotating Bezel, Magnetic Heading - Reliable Outdoor Gear by Benjamin Saric

Does not allow tilt adjustment. It looks like it but the whole frame is solid so it's not good. If you want/need to adjust your compass for declination, I suggest you go ahead. It's also built fairly cheaply. The bezel isn't tight against the compass, there's enough wiggle room. Not really enough to ruin your reading but still feels cheap. I think it's because it is. I'll return it and drop a few more bucks to get something working.