FLEET RESERVE ASSOCIATION OF C (EIN 741295989) - 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

Legal Domicile

Principal Officer

RICHARD INGRAM

Phone

3619371551

Tax Period

2024-01-01 to 2024-12-31

FLEET RESERVE ASSOCIATION OF C is a small nonprofit that reported $220K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $246K exceeded revenue, resulting in a 12% operating deficit.

Mission

SUPPORT RETIRED AND ACTIVE DUTY NEEDS OF MILITARY PERSONNEL

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,215

Program Service Revenue $0

Investment Income $7,607

Other Revenue $206,833

TOTAL REVENUE $219,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,637

Fundraising Expenses $0

Other Expenses $128,619

TOTAL EXPENSES $245,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,655	$250,610	-0.1%
Expenses	$245,799	$245,115	+0.0%
Net Income	$-26,144	$5,495	-5.8%

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

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DAY	PRESIDENT	15	Officer	$0	$0	$0
EDWARD NUTICK	VICE PRES	15	Officer	$0	$0	$0
WALTER MOORE	SEC/TREASURY	25	Officer	$0	$0	$0
TROY LANE	BRANCH V PRES	3	Officer	$0	$0	$0
MARIE MAY	BRANCH PRES	3	Officer	$0	$0	$0
WAYNE BORTNER	BRANCH SEC	3	Officer	$0	$0	$0
JESSICA KRALIC	BRNCH TREASURE	3	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
2024	$219,655	$245,799	$708,276	$-26,144
2023	$250,610	$245,115	$714,296	$5,495
2022	$206,582	$255,557	$706,557	$-48,975
2021	$226,534	$254,977	$726,572	$-28,443
2020	$215,272	$204,895	$813,827	$10,377
2019	$295,172	$219,556	$871,882	$75,616
2018	$291,879	$281,268	$835,471	$10,611

FLEET RESERVE ASSOCIATION OF C