US PARACHUTE TEAM TRUST FUND

EIN: 541449314 501(c)(3)

FREDRICKSBURG, VA

Total Revenue
$190,736
Total Expenses
$34,001
Total Assets
$2,528,515
Net Assets
$2,517,230
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Principal Officer
ALBERT BERCHTOLD
Phone
5406049740
Tax Period
2023-01-01 to 2023-12-31

US PARACHUTE TEAM TRUST FUND, founded in 1986, is a small nonprofit that reported $191K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $157K, a strong 82% operating margin.

Mission

THE FUND'S PURPOSE IS TO HELP DEFRAY THE EXPENSES OF THE U.S. PARACHUTE TEAM, INC. ("THE TEAM"), A DISTRICT OF COLUMBIA NONPROFIT, PUBLICLY SUPPORTED CORPORATION OR ITS SUCCESSOR, IN SENDING TEAMS TO AMATEUR PARACHUTING COMPETITIONS. FUNDS WILL BE MADE AVAILABLE TO THE TEAM IN EACH YEAR FOR WHICH IT IS PREPARING TO FIELD A TEAM IN AMATEUR COMPETITION.

Program Service Accomplishments

Program 1
Revenue: $5,000

THE TRUST FUND DISTRIBUTES FUNDS TO THE U.S. PARACHUTE TEAM FOR WORLD CHAMPIONSHIP ENTRY.

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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 $109,069
Program Service Revenue $0
Investment Income $74,075
Other Revenue $7,592
TOTAL REVENUE $190,736

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $34,001
TOTAL EXPENSES $34,001

Year-over-Year Comparison

2023 2022 Change
Revenue $190,736 $360,383 -0.5%
Expenses $34,001 $91,684 -0.6%
Net Income $156,735 $268,699 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
22

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
7
$260,690
Total Directors
26
$260,690
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALBERT BERCHTOLD EXECUTIVE DIRECTOR 5.00
Officer Director
$0 $41,357 $260,690
CHUCK AKERS PRESIDENT 2.00
Officer Director
$0 $0 $0
SHERRY BUTCHER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
RAY LALLO SECRETARY 4.00
Officer Director
$0 $0 $0
JACK PYLAND IV TREASURER 2.00
Officer Director
$0 $0 $0
LUKE AIKINS MEMBER AT LARGE 2.00
Officer Director
$0 $0 $0
RANDY ALLISON CHAIRMAN 2.00
Officer Director
$0 $0 $0
ANGIE ARAGON DIRECTOR 2.00
Director
$0 $0 $0
JEANNIE BARTHOLOMEW DIRECTOR 2.00
Director
$0 $0 $0
CHARLES CRINKLAW DIRECTOR 2.00
Director
$0 $0 $0
SHAUNA FINLEY DIRECTOR 2.00
Director
$0 $0 $0
PAUL GHOLSON DIRECTOR 2.00
Director
$0 $0 $0
DAVE GRABOWSKI DIRECTOR 2.00
Director
$0 $0 $0
JOSHUA HALL DIRECTOR 2.00
Director
$0 $0 $0
LARRY HILL DIRECTOR 2.00
Director
$0 $0 $0
ALAN KING DIRECTOR 2.00
Director
$0 $0 $0
MELISSA LOWE DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL MCGOWAN DIRECTOR 2.00
Director
$0 $0 $0
MIKE MULLINS DIRECTOR 2.00
Director
$0 $0 $0
BRIAN NAIMAN DIRECTOR 2.00
Director
$0 $0 $0
MELISSA NELSON DIRECTOR 2.00
Director
$0 $0 $0
BRANDON RADCLIFF DIRECTOR 2.00
Director
$0 $0 $0
JIM REES DIRECTOR 2.00
Director
$0 $0 $0
ED SCOTT DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL WADKINS DIRECTOR 2.00
Director
$0 $0 $0
CHRIS WAGNER DIRECTOR 2.00
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
2023 $190,736 $34,001 $2,528,515 $156,735
2022 $360,383 $91,684 $2,219,702 $268,699
2021 $492,707 $91,274 $2,444,563 $401,433
2020 $39,358 $22,406 $1,848,248 $16,952
2019 $110,539 $21,819 $1,686,189 $88,720
2018 $98,831 $117,283 $1,397,812 $-18,452
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