AIRBORNE SCHOLARSHIP ASSOCIATION INC (EIN 272104378) - 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

2010

Legal Domicile

Principal Officer

WILMARIE BOISVERT

Phone

9103648700

Tax Period

2024-01-01 to 2024-12-31

AIRBORNE SCHOLARSHIP ASSOCIATION INC, founded in 2010, is a small nonprofit in the Education sector that reported $103K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 21% operating deficit.

Mission

PROVIDE ACADEMIC SCHOLARSHIPS TO CHILDREN OF THE SOLDIERS WHO SERVED WITH THE 18TH AIRBORNE CORPS OR ITS SUBORDINATE NON-DIVSIONAL UNITS SINCE SEPTEMBER 11, 2001

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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 (2024)

Revenue Breakdown

Contributions & Grants $102,798

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $102,798

Expense Breakdown

Grants Paid $123,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,793

Other Expenses $1,793

TOTAL EXPENSES $124,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,798	$150,532	-0.3%
Expenses	$124,793	$163,616	-0.2%
Net Income	$-21,995	$-13,084	+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
WILMARIE BOISVERT	PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
KRISTI ELLISON	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM KERNAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CAROLINE STOKES	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN ENGLAND	DIRECTOR	2.00	Director	$0	$0	$0
SANDY AMMONS	DIRECTOR	2.00	Director	$0	$0	$0
GREG BEAN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JOE ALLEN	DIRECTOR	2.00	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
2024	$102,798	$124,793	$152,028	$-21,995
2023	$150,532	$163,616	$174,023	$-13,084
2022	$342,617	$190,171	$187,107	$152,446
2021	$280,473	$277,445	$34,661	$3,028
2020	$218,021	$206,173	$31,633	$11,848
2018	$210,670	$211,411	$20,234	$-741

AIRBORNE SCHOLARSHIP ASSOCIATION INC