AIRMEN MEMORIAL FOUNDATION INC

EIN: 521323592 501(c)(3) Education

SUITLAND, MD

Total Revenue
$86,291
Total Expenses
$206,105
Total Assets
$1,393,317
Net Assets
$1,339,935
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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
1983
Legal Domicile
MD
Principal Officer
KEITH A REED
Phone
3018993500
Tax Period
2024-01-01 to 2024-12-31

AIRMEN MEMORIAL FOUNDATION INC, founded in 1983, is a micro nonprofit in the Education sector that reported $86K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $206K exceeded revenue, resulting in a 139% operating deficit.

Mission

PROVIDE EDUCATIONAL AND CHARITABLE ASSISTANCE AND SCHOLARSHIPS TO AIR FORCE ENLISTED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,945
Program Service Revenue $0
Investment Income $30,346
Other Revenue $35,000
TOTAL REVENUE $86,291

Expense Breakdown

Grants Paid $38,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $148,145
Other Expenses $168,105
TOTAL EXPENSES $206,105

Year-over-Year Comparison

2024 2023 Change
Revenue $86,291 $55,107 +0.6%
Expenses $206,105 $87,308 +1.4%
Net Income $-119,814 $-32,201 +2.7%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
$306,041
Total Directors
16
$306,041
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH A REED PRESIDENT/SECRETARY 1.00
Officer Director
$0 $7,437 $184,387
FRANCIS H DONG CHAIRMAN 1.00
Officer Director
$0 $0 $0
JUANITA WEEMS TREASURER 1.00
Officer Director
$0 $8,743 $121,654
BARBARA J MILLS TRUSTEE 1.00
Director
$0 $0 $0
SAM E PARISH TRUSTEE 1.00
Director
$0 $0 $0
ROBERT GAYLOR TRUSTEE (LEFT) 1.00
Director
$0 $0 $0
FREDERICK J FINCH TRUSTEE 1.00
Director
$0 $0 $0
JOANNE BASS TRUSTEE 1.00
Director
$0 $0 $0
ERIC W BENKEN TRUSTEE 1.00
Director
$0 $0 $0
KERRY L WRIGHT TRUSTEE (LEFT) 1.00
Director
$0 $0 $0
DAVID J CAMPANALE TRUSTEE 1.00
Director
$0 $0 $0
JOHN R MCCAUSLIN TRUSTEE 1.00
Director
$0 $0 $0
KALETH O WRIGHT TRUSTEE 1.00
Director
$0 $0 $0
DAVID A FLOSI TRUSTEE 1.00
Director
$0 $0 $0
STEVEN M HARO TRUSTEE 1.00
Director
$0 $0 $0
JOHN BENTIVEGNA TRUSTEE 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 No data No data No data No data
2024 No data No data No data No data
2024 $86,291 $206,105 $1,393,317 $-119,814
2023 $55,107 $87,308 $1,459,133 $-32,201
2022 $115,082 $106,749 $1,466,333 $8,333
2021 $66,800 $171,171 $1,593,181 $-104,371
2020 $144,727 $107,203 $1,684,152 $37,524
2019 $136,386 $102,594 $1,710,420 $33,792
2018 $805,247 $115,260 $1,622,337 $689,987
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