LAWTON KOREAN WAR VETERANS ASSOCIATION CHAPTER 319

EIN: 274616388 501(c)(3) Public & Societal Benefit

LAWTON, OK

Total Revenue
$-28,408
Total Expenses
$7,065
Total Assets
$40,576
Net Assets
$40,576
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
OK
Principal Officer
AARON BOONE
Phone
5804293363
Tax Period
2025-01-01 to 2025-12-31

LAWTON KOREAN WAR VETERANS ASSOCIATION CHAPTER 319, founded in 2011, is a micro nonprofit in the Public & Societal Benefit sector that reported $28K in total revenue in fiscal year 2025. Revenue fell 281% from the prior year — a significant decline worth monitoring.

Mission

TO INSPIRE, INITIATE, PLAN, DIRECT AND COORDINATE EDUCATIONAL PROGRAMS ON THE HISTORY OF THE KOREAN WAR, THE CONTINUING PRESENCE OF THE AMERICAN FORCES IN SOUTH KOREA AND THE ONGOING EFFORTS TO PURSUE AN ACCEPTABLE RESOLUTION CONCERNING THE FATE OF THE POW/MIAS FOR THAT WAR.

Program Service Accomplishments

Program 1
Expenses: $320 Revenue: $0

PROMOTE, PLAN, DIRECT AND COORDINATE THE FUNDING, CONSTRUCTION, DEDICATION, AND MAINTENANCE OF KOREAN WAR MEMORIALS IN SUCH LOCATIONS AS DIRECTED BY THE MEMBERS OF THE ORGANIZATION

Program 2
Expenses: $500 Revenue: $0

THE ORGANIZATION PROVIDED SUPPORT TO SEVERAL LOCAL CHARITIES IN ORDER TO PROMOTE COMMUNITY AWARENESS OF THE ORGANIZATION AND THE KOREAN WAR MEMORIALS THE ORGANIZATION FUNDS, CONSTRUCTS AND MAINTAINS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $174
Other Revenue $-28,582
TOTAL REVENUE $-28,408

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $820
Other Expenses $6,565
TOTAL EXPENSES $7,065

Year-over-Year Comparison

2025 2024 Change
Revenue $-28,408 $15,686 -2.8%
Expenses $7,065 $8,465 -0.2%
Net Income $-35,473 $7,221 -5.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
9

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON BOONE PRESIDENT 2.00
Officer Director
$0 $0 $0
HORACE WHETSTONE VP/SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
GERALD HOUGHTON DIRECTOR 1.00
Director
$0 $0 $0
GAIL SOUTH DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM MCDONALD 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
2025 $-28,408 $7,065 $40,576 $-35,473
2024 $15,686 $8,465 $76,788 $7,221
2023 $14,468 $10,999 $69,514 $3,469
2022 $-9,788 $11,414 $65,829 $-21,202
2021 $22,352 $6,849 $87,221 $15,503
2020 $16,695 $7,411 $71,704 $9,284
2019 $4,900 $11,849 $62,002 $-6,949
2018 $15,371 $12,919 $68,957 $2,452
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