Marine Corps Aviation Association (EIN 237230621) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

Thomas Conant

Phone

7036301903

Tax Period

2023-01-01 to 2023-12-31

Marine Corps Aviation Association, founded in 1972, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue decreased 17% compared to the prior year. Net assets of $2.9M represent 29 months of operating reserves.

Mission

To foster and encourage interest in Marine Corps Aviation, perpetuate the spirit of comradeship traditional in Marine Corps aviation, provide appropriate recognition for superior performance and achievement in Marine Corps aviation, and assimilate and perpetuate the historical traditions of the First Marine Aviation Force Veterans Association.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $226,549

Program Service Revenue $721,004

Investment Income $197,868

Other Revenue $-5,566

TOTAL REVENUE $1,139,855

Expense Breakdown

Grants Paid $416,413

Salaries & Benefits $349,038

Fundraising Expenses $71,259

Other Expenses $687,316

TOTAL EXPENSES $1,452,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,139,855	$1,078,858	+0.1%
Expenses	$1,452,767	$1,286,863	+0.1%
Net Income	$-312,912	$-208,005	+0.5%

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

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Rader	Executive Dir.	40.00	Officer	$125,000	$0	$125,000
Robert Walsh Commander	Director	3.00	Officer Director	$0	$0	$0
Terry Robling Vice Commander	Director	2.00	Officer Director	$0	$0	$0
William David Beydler	Director	0.50	Director	$0	$0	$0
Chris Boniface Treasurer	Director	2.00	Officer Director	$0	$0	$0
Paul Fortunato AdjutantSecretary	Director	2.00	Officer Director	$0	$0	$0
Thomas Conant	Director	0.50	Director	$0	$0	$0
Jon Davis	Director	0.50	Director	$0	$0	$0
Keith Stalder	Director	0.50	Director	$0	$0	$0
William Nyland	Director	0.50	Director	$0	$0	$0
Earl Wederbrook	Director	0.50	Director	$0	$0	$0
Chris Seymour	Director	0.50	Director	$0	$0	$0
Laura Sampsel	Director	0.50	Director	$0	$0	$0
James Quinn	Director	0.50	Director	$0	$0	$0
John Gumbel	Director	0.50	Director	$0	$0	$0
John Rupp	Director	0.50	Director	$0	$0	$0
Glenn Klassa	Director	0.50	Director	$0	$0	$0
John Ostrowski	Director	0.50	Director	$0	$0	$0
Patrick Gough	Director	0.50	Director	$0	$0	$0
Michael Orr	Director	0.50	Director	$0	$0	$0
Kevin Killea	Director	0.50	Director	$0	$0	$0
John Newport MSgt	Director	2.00	Officer Director	$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	No data	No data	No data	No data
2023	$1,139,855	$1,452,767	$3,623,309	$-312,912
2022	$1,078,858	$1,286,863	$3,328,785	$-208,005
2021	$1,413,436	$1,206,118	$4,679,297	$207,318
2020	$696,436	$622,133	$4,250,398	$74,303
2019	$1,145,007	$984,896	$3,615,258	$160,111
2018	$1,169,546	$1,272,077	$2,926,392	$-102,531

Marine Corps Aviation Association