AIR FORCE ASSOCIATION 178 PAUL REV… - Form 990 Financial Data

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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

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 EDUCATE THE PUBLIC ABOUT THE IMPORTANCE OF AEROSPACE POWER IN DEFENSE OF OUR NATION; ADVOCATE FOR AEROSPACE POWER AND SUPPORT THE US AIR FORCE AND AEROSPACE EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $29,315

THE AIR FORCE ASSOCIATION, LED BY VOLUNTEERS, HOLDS AN ANNUAL SYMPOSIUM, A CHIEF OF STAFF DINNER, AND A GOLF TOURNAMENT. THE ASSOCIATION ALSO HOSTS A NUMBER OF FREE HOLIDAY EVENTS TO GIVE BACK TO...

THE AIR FORCE ASSOCIATION, LED BY VOLUNTEERS, HOLDS AN ANNUAL SYMPOSIUM, A CHIEF OF STAFF DINNER, AND A GOLF TOURNAMENT. THE ASSOCIATION ALSO HOSTS A NUMBER OF FREE HOLIDAY EVENTS TO GIVE BACK TO VETERANS IN NEED. THESE ACTIVITIES ENABLE AFA TO PROMOTE THE ORGANIZATIONS'S MISSION OF EDUCATING THE PUBLIC ABOUT THE IMPORTANCE OF AEROSPACE POWER IN THE DEFENSE OF OUR NATION AS WELL AS SUPPORTING THE U.S. AIR FORCE, THE AIR FORCE FAMILIES AND TO PROMOTE AEROSPACE EDUCATION.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

AIR FORCE ASSOCIATION 178 PAUL REVERE CHAPTER