MILITARY OFFICERS ASSOCIATION OF AMERICA SCHOLARSHIP FUND

EIN: 541659039 501(c)(3)

ALEXANDRIA, VA

Total Revenue
$8,547,862
Total Expenses
$6,357,664
Total Assets
$172,236,283
Net Assets
$170,561,157
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
VA
Principal Officer
REGINA D CHAVIS
Phone
7035492311
Tax Period
2024-01-01 to 2024-12-31

MILITARY OFFICERS ASSOCIATION OF AMERICA SCHOLARSHIP FUND, founded in 1993, is a mid-sized nonprofit that reported $15.4M in total revenue in fiscal year 2018. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.7M, a strong 89% operating margin.

Mission

PROVIDE LOANS & GRANTS FOR UNDERGRADUATE EDUCATION TO CHILDREN OF MILITARY FAMILIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,560,909
Program Service Revenue $0
Investment Income $5,041,725
Other Revenue $-54,772
TOTAL REVENUE $8,547,862

Expense Breakdown

Grants Paid $4,350,500
Salaries & Benefits $775,994
Fundraising Expenses $311,728
Program Expenses $5,317,085
Other Expenses $1,231,170
TOTAL EXPENSES $6,357,664

Year-over-Year Comparison

2024 2023 Change
Revenue $8,547,862 $4,241,457 +1.0%
Expenses $6,357,664 $4,822,189 +0.3%
Net Income $2,190,198 $-580,732 -4.8%
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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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
5
$1,669,468
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COL LUCRETIA M MCCLENNEY CHAIR (UNTIL 10/24) 1.00
Officer Director
$0 $0 $0
COL ROJAN ROBOTHAM MEMBER (UNTIL 10/24) 1.00
Director
$0 $0 $0
VIRGINIA JOYCE MEMBER 1.00
Director
$0 $0 $0
CWO4 LELIA P JACKSON MEMBER 1.00
Director
$0 $0 $0
COL STEPHANIE E DAWSON MEMBER 1.00
Director
$0 $0 $0
MG GEORGE A ALEXANDER MEMBER 1.00
Director
$0 $0 $0
VADM FRED M MIDGETTE MEMBER 1.00
Director
$0 $0 $0
LT COL KARON L UZZELL-BAGGETT MEMBER 1.00
Director
$0 $0 $0
LT GEN BRIAN T KELLY PRESIDENT/CEO 1.00
Officer
$0 $88,563 $623,744
COL JAMES O'BRIEN EXECUTIVE VICE PRESIDENT/COO 1.00
Officer
$0 $24,644 $376,468
REGINA D CHAVIS EXECUTIVE VICE PRESIDENT/CFO 1.00
Officer
$0 $19,589 $337,640
MAJ GEN JOSEPH G LYNCH GENERAL COUNSEL, CORPORATE SECRETARY 1.00
Officer
$0 $13,183 $331,616
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 $8,547,862 $6,357,664 $172,236,283 $2,190,198
2023 $4,241,457 $4,822,189 $164,229,326 $-580,732
2022 $7,290,403 $4,166,453 $153,017,332 $3,123,950
2021 $13,631,800 $4,252,283 $166,984,015 $9,379,517
2020 $8,535,402 $2,773,891 $149,109,165 $5,761,511
2019 $5,030,084 $1,725,748 $139,036,495 $3,304,336
2018 $15,365,143 $1,616,814 $125,052,973 $13,748,329
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