HMLAT-303 Association

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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

2014

Legal Domicile

Principal Officer

Capt Ryan Gaffney

Phone

7607251919

Tax Period

2024-01-01 to 2024-12-31

HMLAT-303 Association, founded in 2014, is a micro nonprofit in the Public & Societal Benefit sector that reported $34K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $80K exceeded revenue, resulting in a 137% operating deficit.

Mission

To support both the combat and Non-Combat deployed active duty Marines of HMLAT-303 who develop, train and mentor future Cobra and Huey Helicopter Pilots, Aircrew and Maintainers.

Program Service Accomplishments

Program 1

Marine Corps Birthday Ball- All Members of HMLAT-303 participate in celebrating the Birthday of The Marine Corps and the associated traditions. The Association assists in paying for the ball, venue, associated costs, and supplying tickets to the enlisted Marines of the squadron. Along with reducing ticket costs for the other active duty members of the squadron, the association purchases gifts for the attending active duty Military personnel. The Birthday Ball is hosted by HMLAT-303 around November 10th every year normally at a hotel within the local area.

Program 2

Hail and Farewell- Gatherings with the active duty officers in the squadron to welcome those arriving at HMLAT-303 and thank those that are leaving. Hail and Farewells are held as necessary depending on the arrivals/transfers for the active duty officers at HMLAT-303. The activity is hosted by the human affairs division at HMLAT-303 and paid for by the Association.

Program 3

Unit Functions- Gathering of all association members to build morale and support Esprit De Corps hosted by the Commanding Officer. Examples of unit functions include the squadron holiday party...

Unit Functions- Gathering of all association members to build morale and support Esprit De Corps hosted by the Commanding Officer. Examples of unit functions include the squadron holiday party, family day, beach party, squadron outings, and various mess nights.

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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 $0

Program Service Revenue $3,313

Investment Income $0

Other Revenue $30,453

TOTAL REVENUE $33,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $79,966

TOTAL EXPENSES $79,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,766	$87,685	-0.6%
Expenses	$79,966	$53,337	+0.5%
Net Income	$-46,200	$34,348	-2.3%

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

N/A

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
LTCOL Jason Caster	Chairman	5.00	Officer Director	$0	$0	$0
MAJ Robert Fender	Chief Executive Officer	5.00	Officer Director	$0	$0	$0
SGTMAJ Justin Berg	Chief Operations Officer	5.00	Officer Director	$0	$0	$0
CAPT Dana Valle	Chief Information Officer	7.00	Officer Director	$0	$0	$0
CAPT A Lancaster-exit 924	Chief Financial Officer	15.00	Officer Director	$0	$0	$0
MAJ Colby Jerden	Secretary	5.00	Officer Director	$0	$0	$0
CAPT Ryan Gaffney-start 924	Chief Financial Officer	15.00	Officer Director	$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	$33,766	$79,966	$69,034	$-46,200
2023	$87,685	$53,337	$116,095	$34,348
2022	$80,504	$121,584	$81,747	$-41,080
2021	$78,985	$32,422	$124,755	$46,563
2020	$50,520	$53,650	$88,664	$-3,130
2019	$81,980	$60,877	$81,803	$21,103
2018	$118,644	$83,631	$60,158	$35,013