AIR FORCE ASSOCIATION 178 PAUL REVERE CHAPTER

EIN: 042943345 501(c)(3)

WENHAM, MA

Total Revenue
$44,457
Total Expenses
$32,564
Total Assets
$376,153
Net Assets
$361,063
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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
1985
Legal Domicile
MA
Principal Officer
MICHAEL THERRIEN
Phone
8007273337
Tax Period
2021-01-01 to 2021-12-31

AIR FORCE ASSOCIATION 178 PAUL REVERE CHAPTER, founded in 1985, is a micro nonprofit that reported $44K in total revenue in fiscal year 2021. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $12K, a strong 27% operating margin.

Mission

TO PROMOTE AEROSPACE POWER AND TO EDUCATE THE PUBLIC.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $17,910
Program Service Revenue $0
Investment Income $1
Other Revenue $26,546
TOTAL REVENUE $44,457

Expense Breakdown

Grants Paid $20,625
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,315
Other Expenses $11,939
TOTAL EXPENSES $32,564

Year-over-Year Comparison

2021 2020 Change
Revenue $44,457 $48,133 -0.1%
Expenses $32,564 $33,135 0.0%
Net Income $11,893 $14,998 -0.2%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK DAGLE VICE-PRESIDENT 10.00
Officer
$0 $0 $0
DAVID M DENOFRIO PRESIDENT 10.00
Officer
$0 $0 $0
BRANDON MCCARTY SECRETARY 10.00
Officer
$0 $0 $0
MICHAEL G THERRIEN TREASURER 10.00
Officer
$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
2021 $44,457 $32,564 $376,153 $11,893
2020 $48,133 $33,135 $349,170 $14,998
2019 $93,785 $74,429 $334,172 $19,356
2018 $93,749 $113,190 $315,059 $-19,441
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