FLEET RESERVE ASSOCIATION CARSON BRANCH 302 INCORPORATED

EIN: 330252822

CARSON, CA

Total Revenue
$384,797
Total Expenses
$21,658
Total Assets
$388,776
Net Assets
$388,776
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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
1984
Legal Domicile
CA
Principal Officer
SONNY SALES
Phone
3109519670
Tax Period
2022-06-01 to 2023-05-31

FLEET RESERVE ASSOCIATION CARSON BRANCH 302 INCORPORATED, founded in 1984, is a small nonprofit that reported $385K in total revenue in fiscal year 2022. The organization ran a surplus of $363K, a strong 94% operating margin.

Mission

TO TAKE CARE OF ITS MEMBERS AND THEIR FAMILIES WHO MAY BE IN URGENT NEED OF ASSISTANCE, FINANCIAL OR OTHERWISE; TO ASSIST IN RECRUITING FOR THE UNITED STATES NAVAL SERVICE; TO ASSEMBLE FOR SOCIAL INTERCOURSE AND TO KEEP INFORMED ON UNITED STATES NAVAL MATTERS, WHEREBY MEMBERS MAY CONTINUE TO LEGALLY SERVE THE NATION AND THE UNITED STATES NAVAL SERVICE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $379,913
Program Service Revenue $0
Investment Income $4,884
Other Revenue $0
TOTAL REVENUE $384,797

Expense Breakdown

Grants Paid $9,400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,658
Other Expenses $12,258
TOTAL EXPENSES $21,658

Year-over-Year Comparison

2022 2021 Change
Revenue $384,797 N/A N/A
Expenses $21,658 N/A N/A
Net Income $363,139 $0 N/A
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
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDGARDO LABAO PRESIDENT 2.00
Officer
$0 $0 $0
ROMEO GALEON SECRETARY 2.00
Officer
$0 $0 $0
SONNY SALES TREASURER 2.00
Officer
$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
2023 $384,797 $21,658 $388,776 $363,139
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