MIDLAND RETIRED MILITARY ASSOCIATION (EIN 576069072) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MIDLAND RETIRED MILITARY ASSOCIATION, founded in 1973, is a micro nonprofit that reported $71K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $84K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO ALLOW CONTINUED FELLOWSHIP OF RETIREES AND THEIR DEPENDENTS, TO PARTICIPATE AS A GROUP IN LOCAL, STATE AND FEDERAL PARTIOTIC AND CIVIC AFFAIRS OF INTEREST TO ALL RETIREES AND TO PROVIDE RECREATION AND ENTERTAINMENT FOR RETIRED PERSONNEL AND THEIR DEPENDENTS. AND TO PROVIDE ANO

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,754

Program Service Revenue $0

Investment Income $1,927

Other Revenue $64,629

TOTAL REVENUE $71,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,067

Fundraising Expenses $0

Program Expenses $83,908

Other Expenses $42,841

TOTAL EXPENSES $83,908

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,310	$59,527	+0.2%
Expenses	$83,908	$71,009	+0.2%
Net Income	$-12,598	$-11,482	+0.1%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
JIM HINKLE	TRUSTEE	Director	$0	$0	$0
RON BALSINGER	TRUSTEE	Director	$0	$0	$0
JAMES CORNWALL	TRUSTEE	Director	$0	$0	$0
ROBERT ROBINSON	TRUSTEE	Director	$0	$0	$0
KEITH GAULDING	VICE PRESIDENT	Officer	$0	$0	$0
WALLACE COTTON	PRESIDENT	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	$71,310	$83,908	$373,833	$-12,598
2022	$59,527	$71,009	$387,556	$-11,482
2021	$51,387	$71,081	$399,313	$-19,694
2020	$41,698	$52,647	$420,776	$-10,949
2019	$47,950	$77,020	$432,649	$-29,070
2018	$41,985	$74,722	$461,977	$-32,737

MIDLAND RETIRED MILITARY ASSOCIATION