THUNDERBOLT COUNCIL INC (EIN 204415122) - 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

2011

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

THUNDERBOLT COUNCIL INC, founded in 2011, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $239K, a strong 21% operating margin.

Mission

THE THUNDERBOLT COUNCIL, INC IS CHARGED WITH SUPPORTING AND PROMPTING THE MISSION AND PERSONNEL OF THE 104TH FIGHTER WING OF THE MASSACHUSETTS AIR NATIONAL GUARD. ACTIVITIES INCLUDE BUT ARE NOT LIMITED TO ORGANIZING, SUPPORTING, PROMOTING, AND MANAGING AIR SHOWS AND ACTIVITIES.

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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 $1,128,557

Program Service Revenue $0

Investment Income $2,325

Other Revenue $0

TOTAL REVENUE $1,130,882

Expense Breakdown

Grants Paid $6,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $890,451

Other Expenses $885,624

TOTAL EXPENSES $891,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,130,882	N/A	N/A
Expenses	$891,824	N/A	N/A
Net Income	$239,058	N/A	N/A

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

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
FRED LIQUORI	DIRECTOR	1.00	Director	$0	$0	$0
GALEN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HALLEY	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD GUNNING	TREASURER	5.00	Officer	$0	$0	$0
GARY HAGAR	PRESIDENT	1.00	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
2023	$1,130,882	$891,824	$383,102	$239,058
2019	$22	$31,662	$160,162	$-31,640

THUNDERBOLT COUNCIL INC