Association of Graduates of the Un… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

Katie Willemarck

Phone

7194720300

Tax Period

2024-01-01 to 2024-12-31

Association of Graduates of the United States Air Force Academy, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $17.4M exceeded revenue, resulting in a 40% operating deficit.

Mission

TO BE AN ASSOCIATION AND FOUNDATION OF INFLUENCE AND IMPACT, SUPPORTING THE ACADEMY'S ENDURING MISSION OF DEVELOPING LEADERS OF CHARACTER FOR THE NATION, AND PROVIDING A LIFETIME OF SERVICE TO THE LONG BLUE LINE. (CONT'D. ON SCH. O)

Program Service Accomplishments

Program 1

Expenses: $12,382,771

ACADEMY AND OTHER SERVICES - FUNDS UTILIZED FOR PROJECTS THAT DIRECTLY SUPPORT THE ACADEMY, CADET WING OR ALUMNI.

Program 2

Expenses: $632,584 Revenue: $1,202,913

MEMBER SERVICES - FUNDS UTILIZED TO MAINTAIN INFORMATION ON GRADUATES AND TO PROVIDE NETWORKING OPPORTUNITIES AMONG GRADUATES AND SUPPORTERS.

Program 3

Expenses: $990,691

COST OF PUBLICATIONS - FUNDS UTILIZED FOR PUBLICATION AND DISTRIBUTION OF THE ALUMNI MAGAZINE CHECKPOINTS, THE REGISTER OF GRADUATES AND VARiOUS OTHER ALUMNI AND ACADEMY RELATED PUBLICATIONS. LINE...

COST OF PUBLICATIONS - FUNDS UTILIZED FOR PUBLICATION AND DISTRIBUTION OF THE ALUMNI MAGAZINE CHECKPOINTS, THE REGISTER OF GRADUATES AND VARiOUS OTHER ALUMNI AND ACADEMY RELATED PUBLICATIONS. LINE 4D, PROGRAM SERVICE ------------------------ Special Events & Chapter Support - Funds utilized for events open to graduates at the Academy and at the local chapter level such as Founders Day celebrations and the Distinguished Graduates and Award Dinner. LINE 4E, PROGRAM SERVICE ------------------------ Reunions - Funds utilized to provide events and activities for U.S. Air Force Academy class reunions.

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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 $5,392,260

Program Service Revenue $835,329

Investment Income $5,547,512

Other Revenue $687,217

TOTAL REVENUE $12,462,318

Expense Breakdown

Grants Paid $11,315,503

Salaries & Benefits $3,163,007

Fundraising Expenses $19,065

Program Expenses $15,172,323

Other Expenses $2,957,686

TOTAL EXPENSES $17,436,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,462,318	$9,139,574	+0.4%
Expenses	$17,436,196	$8,465,065	+1.1%
Net Income	$-4,973,878	$674,509	-8.4%

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

101

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

$332,794

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Hille PresidentTo 124	CEO From (1/24)	20.0	Officer	$167,373	$23,102	$190,475
Katie Willemarck	CFO	20.0	Officer	$126,765	$15,554	$142,319
Naviere Walkewicz	Sr. VP of Alumni Relations	40.0	Highest	$128,882	$9,338	$138,220
Brian Bishop	Chair	5.0	Officer Director	$0	$0	$0
Virginia Caine Tonneson	Secretary	5.0	Officer Director	$0	$0	$0
Glenn Strebe	Treasurer	5.0	Officer Director	$0	$0	$0
Hans Mueh	Director	5.0	Director	$0	$0	$0
Garry Dudley	Director	5.0	Director	$0	$0	$0
Robert Lowe	director	5.0	Director	$0	$0	$0
Emma Przybyslawski	Director	5.0	Director	$0	$0	$0
Joseph Bledsoe	Director	5.0	Director	$0	$0	$0
Randy Helms	Director	5.0	Director	$0	$0	$0
Catherine Almand	Vice Chair	5.0	Officer Director	$0	$0	$0
Hank Hoffman	Director	5.0	Director	$0	$0	$0
Lee Krauth	Director	5.0	Director	$0	$0	$0
Christian Evans	Director	5.0	Director	$0	$0	$0
Nathan Dial	Director	5.0	Director	$0	$0	$0
Jennifer Walters	Director	5.0	Director	$0	$0	$0
William Carpenter	Director	5.0	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	$12,462,318	$17,436,196	$118,472,760	$-4,973,878
2023	$9,139,574	$8,465,065	$119,583,435	$674,509
2022	$8,064,070	$8,454,891	$106,418,834	$-390,821
2021	$16,073,462	$8,470,718	$132,680,804	$7,602,744
2020	$8,336,272	$11,446,425	$54,212,848	$-3,110,153
2019	$10,239,713	$8,747,515	$57,811,190	$1,492,198
2018	$11,702,906	$6,965,822	$56,998,594	$4,737,084

Association of Graduates of the United States Air Force Academy