FORK UNION MILITARY ACADEMY FOUNDATION (EIN 261779149) - 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

2007

Legal Domicile

Principal Officer

FRANK RENNIE IV

Tax Period

2023-07-01 to 2024-06-30

FORK UNION MILITARY ACADEMY FOUNDATION, founded in 2007, is a micro nonprofit in the Education sector that reported $5K in total revenue in fiscal year 2017. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 1002% operating deficit.

Mission

THE FOUNDATION IS A SUPPORTING ORGANIZATION THAT CARRIES OUT THE EDUCATIONAL, RELIGIOUS AND CHARITABLE PURPOSES OF FORK UNION MILITARY ACADEMY. THE SPECIFIC PURPOSE IS TO RECEIVE, ACQUIRE AND ADMINISTER ASSETS IN SUPPORT OF FORK UNION MILITARY ACADEMY.

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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 $649,550

Program Service Revenue $0

Investment Income $2,805

Other Revenue $0

TOTAL REVENUE $652,355

Expense Breakdown

Grants Paid $383,107

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $656,779

Other Expenses $273,672

TOTAL EXPENSES $656,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$652,355	$2,171,856	-0.7%
Expenses	$656,779	$584,465	+0.1%
Net Income	$-4,424	$1,587,391	-1.0%

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
FRANK RENNIE IV	CHAIR	0.50	Director	$0	$0	$0
JEFF WEATHERSPOON	SECRETARY-TR	0.50	Officer Director	$0	$0	$0
DOUG DALTON	DIRECTOR	0.50	Director	$0	$0	$0
EMERSON FARLEY	DIRECTOR	0.50	Director	$0	$0	$0
CURTIS HATHAWAY	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE TURNER	DIRECTOR	0.50	Director	$0	$0	$0
BILL VAKOS	DIRECTOR	0.50	Director	$0	$0	$0
THIERRY DUPUIS	DIRECTOR	0.50	Director	$0	$0	$0
CORY WESSEL	DIRECTOR	0.50	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
2025	No data	No data	No data	No data
2024	$652,355	$656,779	$3,547,255	$-4,424
2023	$2,171,856	$584,465	$3,440,479	$1,587,391
2022	$498,312	$530,314	$1,853,088	$-32,002
2021	$547,067	$573,195	$1,885,090	$-26,128
2020	$493,378	$472,023	$2,134,592	$21,355
2019	$-541,442	$699,678	$2,041,863	$-1,241,120
2018	$5,000	$55,082	$3,303,184	$-50,082

FORK UNION MILITARY ACADEMY FOUNDATION