AAAA SCHOLARSHIP FOUNDATION INC (EIN 060799487) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Principal Officer

WILLIAM HARRIS

Phone

2032682450

Tax Period

2023-10-01 to 2024-09-30

AAAA SCHOLARSHIP FOUNDATION INC, founded in 1963, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 64% operating margin.

Mission

TO ADMINISTER THE SCHOLARSHIPS, SCHOLARSHIP LOANS, AND LIFE MEMBERSHIP MEMORIAL GRANTS TO MEMBERS, CHILDREN, SIBLINGS AND SPOUSES OF MEMBERS, AND DECEASED MEMBERS, OF ARMY AVIATION ASSOCIATION OF AMERICA INC. (AAAA), AN AFFILIATED NOT FOR PROFIT TAX EXEMPT ORGANIZATION. THE SCHOLARSHIPS AND LIFE MEMBERSHIP MEMORIAL GRANTS ARE AWARDED AS FINANCIAL ASSISTANCE FOR COLLEGE LEVEL EDUCATION. THE SELECTION OF THE RECIPIENT IS MADE BY AAAASFI'S BOARD OR THEIR DESIGNATED COMMITTEE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,140,353

Program Service Revenue $0

Investment Income $703,348

Other Revenue $0

TOTAL REVENUE $1,843,701

Expense Breakdown

Grants Paid $624,375

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $624,375

Other Expenses $48,508

TOTAL EXPENSES $672,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,843,701	$1,395,521	+0.3%
Expenses	$672,883	$723,235	-0.1%
Net Income	$1,170,818	$672,286	+0.7%

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
COL KAREN LLOYD	PRESIDENT	1.00	Officer Director	$0	$0	$0
COL MICHELLE F YARBOROUGH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MR TOMMY L MARKS	SECRETARY	1.00	Officer Director	$0	$0	$0
LTC TERRANCE L REININGER	TREASURER	1.00	Officer Director	$0	$0	$0
LTC MICHAEL L BELL	GOVERNOR	1.00	Director	$0	$0	$0
BG HARRY H BENDORF USAF	GOVERNOR	1.00	Director	$0	$0	$0
COL ROBERT P BIRMINGHAM	GOVERNOR	1.00	Director	$0	$0	$0
LTC JOHN S BOLTON	GOVERNOR	1.00	Director	$0	$0	$0
COL LOUIS A BONHAM	GOVERNOR	1.00	Director	$0	$0	$0
LTC KELLY C BROWN	GOVERNOR	1.00	Director	$0	$0	$0
COL STEPHEN T BURNS	GOVERNOR	1.00	Director	$0	$0	$0
LTC TODD A DELLERT	GOVERNOR	1.00	Director	$0	$0	$0
BG MICHAEL C FLOWERS	GOVERNOR	1.00	Director	$0	$0	$0
COL MICHAEL E FREEMAN	GOVERNOR	1.00	Director	$0	$0	$0
COL ROBERT E GODWIN	GOVERNOR	1.00	Director	$0	$0	$0
CW5 MARK W GRAPIN	GOVERNOR	1.00	Director	$0	$0	$0
MRS CONNIE HANSEN	GOVERNOR	1.00	Director	$0	$0	$0
COL THOMAS M HARRISON SR	GOVERNOR	1.00	Director	$0	$0	$0
MAJ SCOTT W HOLLINGSWORTH	GOVERNOR	1.00	Director	$0	$0	$0
LTC TOM T HUFF	GOVERNOR	1.00	Director	$0	$0	$0
CW5 ROBERT L HUFFMAN	GOVERNOR	1.00	Director	$0	$0	$0
MR LARRY JESS	GOVERNOR	1.00	Director	$0	$0	$0
BG THOMAS J KONITZER	GOVERNOR	1.00	Director	$0	$0	$0
COL MICHAEL LAPOINT	GOVERNOR	1.00	Director	$0	$0	$0
COL STEVE D MATHIAS	GOVERNOR	1.00	Director	$0	$0	$0
LTC STEPHEN T MAURO	GOVERNOR	1.00	Director	$0	$0	$0
BG STEPHEN D MUNDT	GOVERNOR	1.00	Director	$0	$0	$0
LTC STANFORD OLIVER	GOVERNOR	1.00	Director	$0	$0	$0
MG RUDOLPH OSTOVICH III	GOVERNOR	1.00	Director	$0	$0	$0
LTC BRIAN J PIPKIN	GOVERNOR	1.00	Director	$0	$0	$0
SGM JENNETH G RICH	GOVERNOR	1.00	Director	$0	$0	$0
COL RANDOLPH R ROTTE JR	GOVERNOR	1.00	Director	$0	$0	$0
CW4 LATNY L SALT	GOVERNOR	1.00	Director	$0	$0	$0
MS JANICE F SMITH	GOVERNOR	1.00	Director	$0	$0	$0
LTC FRANK A TEDESCHI	GOVERNOR	1.00	Director	$0	$0	$0
MG JESSICA WRIGHT	GOVERNOR	1.00	Director	$0	$0	$0
WILLIAM R HARRIS	EXECUTIVE DIRECTOR	20.00	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
2024	$1,843,701	$672,883	$9,555,146	$1,170,818
2023	$1,395,521	$723,235	$8,152,808	$672,286
2022	$763,785	$645,213	$7,627,346	$118,572
2021	$867,985	$578,615	$8,917,324	$289,370
2020	$464,848	$566,086	$8,389,682	$-101,238
2019	$759,442	$566,140	$7,872,967	$193,302
2018	$636,611	$547,560	$6,666,595	$89,051

AAAA SCHOLARSHIP FOUNDATION INC