AFA VETERAN BENEFITS ASSOCIATION (EIN 530177555) - 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

1946

Legal Domicile

Principal Officer

BRUCE WRIGHT

Phone

7032475800

Tax Period

2019-01-01 to 2019-12-31

AFA VETERAN BENEFITS ASSOCIATION, founded in 1946, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $872K, a strong 36% operating margin.

Mission

TO PROVIDE BENEFITS TO MILITARY VETERANS AND AIR FORCE ASSOCIATION MEMBERS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $742,861

TOTAL REVENUE $742,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,081

Fundraising Expenses $0

Other Expenses $989,457

TOTAL EXPENSES $992,538

Year-over-Year Comparison

	2019	2018	Change
Revenue	$742,861	$2,398,693	-0.7%
Expenses	$992,538	$1,526,379	-0.3%
Net Income	$-249,677	$872,314	-1.3%

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

1250

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

$818,846

Total Directors

Key Employees

$343,920

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE A WRIGHT	PRESIDENT (START 3/2019)	1.00	Officer	$0	$29,092	$345,848
LARRY SPENCER	PRESIDENT (UNTIL 3/2019)	1.00	Officer	$0	$15,726	$277,458
JOSEPH STANGL	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$31,848	$195,540
DENISE HOLLYWOOD	EXECUTIVE VP (UNTIL 2/2019)	1.00	Key Emp	$0	$14,803	$173,872
DOUGLAS RAABERG	EXECUTIVE VP (START 4/2019)	1.00	Key Emp	$0	$13,036	$170,048
GERALD R MURRAY	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
F WHITTEN PETERS	CHAIRMAN OF THE BOARD UNTIL 10/2019	1.00	Officer Director	$0	$0	$0
MAC MACALOON	VCOB, FIELD OPERATIONS	1.00	Officer Director	$0	$0	$0
JIM HANNAM	VCOB, AEROSPACE EDUCATION	1.00	Officer Director	$0	$0	$0
RICHARD W HARTLE	NATIONAL SECRETARY	0.50	Officer Director	$0	$0	$0
STEVE LUNDGREN	NATIONAL TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH M BURKE	DIRECTOR	0.50	Director	$0	$0	$0
JAMES A CODY	DIRECTOR	0.50	Director	$0	$0	$0
LISA S DISBROW	DIRECTOR	0.50	Director	$0	$0	$0
MARK DOUGLAS	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT GEORGE	DIRECTOR	0.50	Director	$0	$0	$0
TYLER JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
LESLEY KALAN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL J LIQUORI	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN MCCOOL	DIRECTOR	0.50	Director	$0	$0	$0
MOLLY MAE POTTER	DIRECTOR	0.50	Director	$0	$0	$0
JAMES W SIMONS	DIRECTOR	0.50	Director	$0	$0	$0
MARK L TARPLEY	DIRECTOR	0.50	Director	$0	$0	$0
ROGER W TEAGUE	DIRECTOR	0.50	Director	$0	$0	$0
MARK A WELSH III	DIRECTOR	0.50	Director	$0	$0	$0
LEONARD R VERNAMONTI	DIRECTOR (UNTIL 10/2019)	0.50	Director	$0	$0	$0
TERRY J COX	DIRECTOR (UNTIL 10/2019)	0.50	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
2019	$742,861	$992,538	No data	$-249,677
2018	$2,398,693	$1,526,379	$9,234,574	$872,314

AFA VETERAN BENEFITS ASSOCIATION