RESERVE OFFICERS ASSOCIATION MEMORIAL ENDOWMENT TRUST (EIN 521788931) - 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

1991

Legal Domicile

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.

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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 (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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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

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

$187,213

Total Directors

$187,213

Key Employees

Highest Compensated

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

RESERVE OFFICERS ASSOCIATION MEMORIAL ENDOWMENT TRUST