AIR FORCE RETIRED OFFICERS COMMUNITY - WASHINGTON DC (EIN 521404857) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Gary Handley

Phone

7034045145

Tax Period

2023-01-01 to 2023-12-31

AIR FORCE RETIRED OFFICERS COMMUNITY - WASHINGTON DC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $32.2M in total revenue in fiscal year 2017. Expenses of $29.9M left a modest 7% surplus.

Mission

FALCONS LANDING PROVIDES HOUSING AND SERVICES VIA A CONTINUING CARE RETIREMENT COMMUNITY TO RETIRED AND HONORABLY DISCHARGED MILITARY OFFICERS AND SENIOR RETIRED FEDERAL EMPLOYEES, THEIR SPOUSES AND WIDOWED SPOUSES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $280,957

Program Service Revenue $37,378,049

Investment Income $500,808

Other Revenue $0

TOTAL REVENUE $38,159,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,671,181

Fundraising Expenses $0

Program Expenses $33,785,531

Other Expenses $17,094,199

TOTAL EXPENSES $38,765,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,159,814	$38,747,003	0.0%
Expenses	$38,765,380	$35,957,771	+0.1%
Net Income	$-605,566	$2,789,232	-1.2%

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

415

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

$578,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY HANDLEY	CFO	40.0	Officer	$297,845	$11,469	$309,314
HARDY LISTER	CFO	40.0	Officer	$260,610	$8,986	$269,596
SAID HASIB SANA	MEDICAL DIRECTOR	40.0	Highest	$238,424	$0	$238,424
FRED SIMPSON	HR DIRECTOR	40.0	Highest	$188,494	$22,794	$211,288
ASHLEE BULLOCK	HC ADMINISTRATOR	40.0	Highest	$186,476	$7,823	$194,299
JOE MARSHALL	CHAIRMAN	5.0	Officer Director	$0	$0	$0
SCOTT CUSTER	VICE CHAIRMAN	5.0	Officer Director	$0	$0	$0
CHRISTINE HUNTER	VICE CHAIRMAN	5.0	Officer Director	$0	$0	$0
MIKE KELLY	TREASURER	5.0	Officer Director	$0	$0	$0
SHARON SHAFFER	SECRETARY	5.0	Officer Director	$0	$0	$0
TIM MARKLE	BOARD MEMBER	5.0	Director	$0	$0	$0
MARY LOWE MAYHUGH	BOARD MEMBER	5.0	Director	$0	$0	$0
DALE ORMOND	BOARD MEMBER	5.0	Director	$0	$0	$0
DOUG ROBB	BOARD MEMBER	5.0	Director	$0	$0	$0
JOCELYN SENG	BOARD MEMBER	5.0	Director	$0	$0	$0
ALAN SHAFFER	BOARD MEMBER	5.0	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
2023	$38,159,814	$38,765,380	$135,004,692	$-605,566
2022	$38,747,003	$35,957,771	$133,433,208	$2,789,232
2021	$31,999,274	$31,691,657	$133,423,947	$307,617
2020	$33,600,149	$31,129,063	$119,246,224	$2,471,086
2019	$34,674,545	$30,324,847	$90,439,776	$4,349,698
2018	$34,347,786	$29,863,741	$83,100,115	$4,484,045
2017	$32,157,994	$29,894,257	$83,700,962	$2,263,737

AIR FORCE RETIRED OFFICERS COMMUNITY - WASHINGTON DC