RESERVE OFFICERS ASSOCIATION MEMORIAL ENDOWMENT TRUST

EIN: 521788931 501(c)(3) Public & Societal Benefit

WASHINGTON, DC

Total Revenue
$33,751
Total Expenses
$14,202
Total Assets
$5,512,843
Net Assets
$5,510,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
DC
Principal Officer
MAJ GEN JEFFREY E PHIL
Phone
2023672402
Tax Period
2023-01-01 to 2023-12-31

RESERVE OFFICERS ASSOCIATION MEMORIAL ENDOWMENT TRUST, founded in 1991, is a micro nonprofit in the Public & Societal Benefit sector that reported $34K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $20K, a strong 58% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT FOR THE RESERVE OFFICERS ASSOCIATION OF THE UNITED STATES THROUGH THE RECEIPT OF CONTRIBUTIONS TO THE TRUST FUND.

Program Service Accomplishments

Program 1

INFORM AND PROMOTE CONTRIBUTORS AND POTENTIAL CONTRIBUTORS OF THE PURPOSE AND FUNCTION OF THE ROA ENDOWMENT TRUST. THE ENDOWMENT HAS A FORMAL PROGRAM FOR BEQUESTS AND WILLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,629
Program Service Revenue $0
Investment Income $30,122
Other Revenue $0
TOTAL REVENUE $33,751

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $14,202
TOTAL EXPENSES $14,202

Year-over-Year Comparison

2023 2022 Change
Revenue $33,751 $293,577 -0.9%
Expenses $14,202 $8,729 +0.6%
Net Income $19,549 $284,848 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
18
Independent Members
17
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
13
$187,213
Total Directors
24
$187,213
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MG JEFFREY E PHILLIPS EXECUTIVE DIRECTOR 4.00
Officer Director
$0 $18,644 $187,213
CAPT REBECCA ARANGO USAF AIR FORCE NATIONAL JR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CPT STEVEN J ARANGO USMC NAVAL SERVICES NATIONAL JR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
COL DONALD C BROWN USAF RET AIR FORCE NATIONAL EXECUTIVE COMMITTEEMAN 1.00
Director
$0 $0 $0
CAPT ROBERT H CARMACK USCG RET IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
LT COL JUDY M FORD USAF RET AIR FORCE NATIONAL EXECUTIVE COMMITTEEMAN 1.00
Director
$0 $0 $0
CPT NINA N KAZIBWE USAR ARMY NATIONAL JR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LT COL SUSAN E LUKAS USAF RET AIR FORCE NATIONAL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MAJ R REECE NEWSOME USA RET ARMY NATIONAL EXECUTIVE COMMITTEEMAN 1.00
Director
$0 $0 $0
CAPT HENRY E PLIMACK USCGR RET NAVAL SERVICES NATIONAL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
COL STANLEY G REMER USA RET ARMY NATIONAL EXECUTIVE COMMITTEEMAN 1.00
Director
$0 $0 $0
CAPT SAMUEL F WRIGHT USN RET NAVAL SERVICES NATIONAL EXECUTIVE COMMITTEEMAN 1.00
Director
$0 $0 $0
LT COL LAYNE R WROBLEWSKI USAF R NATIONAL PRESIDENT 1.00
Officer Director
$0 $0 $0
COL ANTHONY K ATLAS SR USA RET ARMY NATIONAL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CDR JOHN N LEONARD USCG RET NAVAL SERVICES NATIONAL EXECUTIVE COMMITTEEMAN 1.00
Director
$0 $0 $0
COL BARBARA D ORTIZ USAF RET AIR FORCE NATIONAL EXECUTIVE COMMITTEEMAN 1.00
Director
$0 $0 $0
COL SCOTT A WILLIS USMCR NAVAL SERVICES NATIONAL EXECUTIVE COMMITTEEMAN 1.00
Director
$0 $0 $0
COL MONTI G ZIMMERMAN USA RET ARMY NATIONAL EXECUTIVE COMMITTEEMAN 1.00
Director
$0 $0 $0
LTC VINCENT A CUMMINGS USAR ARMY NATL VP (THRU 10/1/23) 1.00
Officer Director
$0 $0 $0
COL JUDITH A DAVENPORT USA RET IMMEDIATE PAST PRESIDENT (THRU 10/1/23) 1.00
Officer Director
$0 $0 $0
LCDR WILLIAM KOZLOWSKI USNR NAVAL SERVICES NATL JR VP (THRU 10/1/23) 1.00
Officer Director
$0 $0 $0
CAPT ZOHE QUINTERO USAF RET AIR FORCE NATL JR VP (THRU 10/1/23) 1.00
Officer Director
$0 $0 $0
LTC MCKINLEY WILLIAMS JR USA RET ARMY NTNL EXECUTIVE COMMITTEEMAN(THRU 10/1/23 1.00
Director
$0 $0 $0
COL PAUL L BAILEY USAF RET AIR FORCE NATL EXECUTIVE COMMITTEEMAN(THRU 5/1/23) 1.00
Director
$0 $0 $0
TERESA DIANE MARKHAM DIRECTOR, ADMINISTRATOR 5.00
Highest
$0 $17,238 $136,476
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 $33,751 $14,202 $5,512,843 $19,549
2022 $33,369 $14,784 $5,123,784 $18,585
2022 $293,577 $8,729 $5,231,612 $284,848
2021 $203,242 $14,745 $5,081,639 $188,497
2020 $154,568 $14,904 $4,783,358 $139,664
2019 $77,364 $16,648 $4,772,273 $60,716
2018 $100,859 $16,270 $4,701,595 $84,589
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