LAWTON KOREAN WAR VETERANS ASSOCIATION CHAPTER 319 (EIN 274616388) - 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

2011

Legal Domicile

Principal Officer

AARON BOONE

Phone

5804293363

Tax Period

2024-01-01 to 2024-12-31

LAWTON KOREAN WAR VETERANS ASSOCIATION CHAPTER 319, founded in 2011, is a micro nonprofit in the Public & Societal Benefit sector that reported $16K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $7K, a strong 46% operating margin.

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.

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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 $0

Program Service Revenue $0

Investment Income $169

Other Revenue $15,517

TOTAL REVENUE $15,686

Expense Breakdown

Grants Paid $2,529

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,969

Other Expenses $5,936

TOTAL EXPENSES $8,465

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,686	$14,468	+0.1%
Expenses	$8,465	$10,999	-0.2%
Net Income	$7,221	$3,469	+1.1%

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

Total Directors

Key Employees

Highest Compensated

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	2.00	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
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

LAWTON KOREAN WAR VETERANS ASSOCIATION CHAPTER 319