Fleet Reserve Association Branch 290 Inc (EIN 593597437) - 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

1963

Legal Domicile

Principal Officer

Tom Stephens

Phone

9042466255

Tax Period

2022-01-01 to 2022-12-31

Fleet Reserve Association Branch 290 Inc, founded in 1963, is a small nonprofit in the Public & Societal Benefit sector that reported $123K in total revenue in fiscal year 2022. Revenue surged 125% from the prior year, signaling strong growth momentum. Expenses of $150K exceeded revenue, resulting in a 21% operating deficit.

Mission

To provide members and the community with benefits and to improve the standard of living for out armed services.

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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 (2022)

Revenue Breakdown

Contributions & Grants $123,421

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $123,421

Expense Breakdown

Grants Paid $4,284

Salaries & Benefits $118,098

Fundraising Expenses $0

Program Expenses $1,984

Other Expenses $27,155

TOTAL EXPENSES $149,537

Year-over-Year Comparison

	2022	2021	Change
Revenue	$123,421	$54,831	+1.3%
Expenses	$149,537	$109,324	+0.4%
Net Income	$-26,116	$-54,493	-0.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Stephens	President	10.00	Officer	$0	$0	$0
Monty Steele	Vice President	10.00	Officer	$0	$0	$0
Bill Ayres	Treasurer	10.00	Officer	$0	$0	$0
Mike McLure	Secretary	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
2022	$123,421	$149,537	$74,878	$-26,116
2021	$54,831	$109,324	$573,165	$-54,493
2020	$31,645	$50,461	$591,251	$-18,816
2019	$124,995	$116,317	$610,067	$8,678

Fleet Reserve Association Branch 290 Inc