WINGS OVER AMERICA SCHOLARSHIP FDTN (EIN 541846969) - 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

1987

Legal Domicile

Principal Officer

ANDREA M DIAMOND

Phone

7572283314

Tax Period

2024-07-01 to 2025-06-30

WINGS OVER AMERICA SCHOLARSHIP FDTN, founded in 1987, is a small nonprofit in the Education sector that reported $436K in total revenue in fiscal year 2018. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 20% operating margin.

Mission

OUR MISSION IS TO PROVIDE COLLEGE SCHOLARSHIPS TO DEPENDENT CHILDREN AND SPOUSES OF US NAVY AVIATION PERSONNEL - OFFICER AND ENLISTED - ACTIVE DUTY, RETIRED, HONORABLY DISCHARGED OR DECEASED. RECIPIENTS ARE SELECTED ON THE BASIS OF SCHOLASTIC MERIT, COMMUNITY SERVICE AND FINANCIAL NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $364,775

Program Service Revenue $0

Investment Income $58,993

Other Revenue $43,936

TOTAL REVENUE $467,704

Expense Breakdown

Grants Paid $352,274

Salaries & Benefits $97,774

Fundraising Expenses $23,029

Program Expenses $480,098

Other Expenses $70,748

TOTAL EXPENSES $520,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$467,704	$612,516	-0.2%
Expenses	$520,796	$456,900	+0.1%
Net Income	$-53,092	$155,616	-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

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

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VADM HAROLD STARLING USNRET	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RDML GREGORY FENTON USNRET	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CDR KEN SHOOK USNRET	TREASURER	2.00	Officer Director	$0	$0	$0
RDML RICHARD BUTLER USNRET	DIRECTOR	1.00	Director	$0	$0	$0
CAPT ROBERT GEIS USNRET	DIRECTOR	1.00	Director	$0	$0	$0
MARK HALLER	DIRECTOR	1.00	Director	$0	$0	$0
CMC RAYMOND KEMP USNRET	DIRECTOR	1.00	Director	$0	$0	$0
CAPT WADE MCCONVEY USNRET	DIRECTOR	1.00	Director	$0	$0	$0
CAPT JEFFREY MCKENZIE USNRET	DIRECTOR	1.00	Director	$0	$0	$0
SYBIL HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
VADM CHIP MILLER USNRET	DIRECTOR	1.00	Director	$0	$0	$0
FLTCM HUBEN PHILLIPS USNRET	DIRECTOR	1.00	Director	$0	$0	$0
CDR ERICH ROETZ USNRET	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA VERISSIMO	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA M DIAMOND	EXECUTIVE DI	40.00	Director	$75,000	$0	$75,000

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	$467,704	$520,796	$1,688,544	$-53,092
2024	$612,516	$456,900	$1,674,204	$155,616
2023	$489,212	$256,825	$1,415,792	$232,387
2022	$529,361	$265,756	$1,113,330	$263,605
2021	$561,953	$380,622	$1,051,478	$181,331
2020	$453,065	$355,698	$822,828	$97,367
2019	$436,394	$348,011	$706,899	$88,383

WINGS OVER AMERICA SCHOLARSHIP FDTN