FLEET RESERVE ASSOCIATION EDUCATION FOUNDATION (EIN 263336867) - 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

2008

Legal Domicile

Principal Officer

JOSEPH BARNES

Phone

7036831400

Tax Period

2022-01-01 to 2022-12-31

FLEET RESERVE ASSOCIATION EDUCATION FOUNDATION, founded in 2008, is a micro nonprofit in the Education sector that reported $98K in total revenue in fiscal year 2018. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $131K exceeded revenue, resulting in a 34% operating deficit.

Mission

SEE PART III, LINE 1.

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,795

Program Service Revenue $0

Investment Income $41,549

Other Revenue $0

TOTAL REVENUE $52,344

Expense Breakdown

Grants Paid $79,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,200

Other Expenses $42,740

TOTAL EXPENSES $122,240

Year-over-Year Comparison

	2022	2021	Change
Revenue	$52,344	$112,028	-0.5%
Expenses	$122,240	$129,876	-0.1%
Net Income	$-69,896	$-17,848	+2.9%

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
JOSEPH BARNES	PRESIDENT	2.00	Officer Director	$0	$0	$0
GARY BLACKBURN	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE COX	TREASURER	1.00	Officer Director	$0	$0	$0
PHILLIP REID	ASST TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
JOE NASH	DIRECTOR	1.00	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
2022	$52,344	$122,240	$1,360,391	$-69,896
2021	$112,028	$129,876	$1,751,216	$-17,848
2020	$131,273	$129,790	$1,664,458	$1,483
2019	$47,462	$122,782	$1,535,036	$-75,320
2018	$97,862	$130,763	$1,442,644	$-32,901

FLEET RESERVE ASSOCIATION EDUCATION FOUNDATION