PAST REGIONAL PRESIDENTS OF FLEET RESERVE ASSN (EIN 541636461) - 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

JAMES BROWN

Phone

3473084544

Tax Period

2023-01-01 to 2023-12-31

PAST REGIONAL PRESIDENTS OF FLEET RESERVE ASSN, founded in 1984, is a micro nonprofit that reported $11K in total revenue in fiscal year 2019. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $16K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO COLLEGE BOUND STUDENTS PERSUING AVIATION STUDIES.

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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 $0

Program Service Revenue $0

Investment Income $-4,287

Other Revenue $0

TOTAL REVENUE $-4,287

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,000

Other Expenses $15,153

TOTAL EXPENSES $30,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-4,287	$7,846	-1.5%
Expenses	$30,153	$17,797	+0.7%
Net Income	$-34,440	$-9,951	+2.5%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R HOLCOLME	PRESIDENT	1.00	Officer	$0	$0	$0
JAMES BROWN	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
PAUL PHELPS	VICE PRESIDENT	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$-4,287	$30,153	$491,773	$-34,440
2022	$7,846	$17,797	$524,927	$-9,951
2021	$21,242	$17,834	$584,899	$3,408
2020	$83,472	$11,809	$581,491	$71,663
2019	$10,727	$15,794	$569,215	$-5,067

PAST REGIONAL PRESIDENTS OF FLEET RESERVE ASSN