Space Force Association

EIN: 843810386 501(c)(3)

Colorado Springs, CO

Total Revenue
$2,690,280
Total Expenses
$2,648,888
Total Assets
$778,195
Net Assets
$383,202
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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
2019
Legal Domicile
CO
Principal Officer
William Woolf
Phone
5206619941
Tax Period
2024-01-01 to 2024-12-31

Space Force Association, founded in 2019, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 692% from the prior year, signaling strong growth momentum.

Mission

Advancing scientific research, educational activities, supporting US space operations, and supporting miliary veterans.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $339,507
Program Service Revenue $2,349,018
Investment Income $2
Other Revenue $1,753
TOTAL REVENUE $2,690,280

Expense Breakdown

Grants Paid $0
Salaries & Benefits $263,232
Fundraising Expenses $0
Program Expenses $2,474,164
Other Expenses $2,385,656
TOTAL EXPENSES $2,648,888

Year-over-Year Comparison

2024 2023 Change
Revenue $2,690,280 $339,558 +6.9%
Expenses $2,648,888 $343,158 +6.7%
Net Income $41,392 $-3,600 -12.5%
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

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Governance

Voting Members
9
Independent Members
8
Employees
8
Volunteers
45

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
4
$136,923
Total Directors
9
$28,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lang Eric Sundby Vice President 40.00
Officer Director
$28,000 $0 $28,000
Joseph L Lengyel Chairman of Board 1.00
Officer Director
$0 $0 $0
Danielle Storan CFO/Treasurer 1.00
Officer Director
$0 $0 $0
Bill Liquori Trustee (Partial year) 1.00
Director
$0 $0 $0
Heidi Grant Trustee 1.00
Director
$0 $0 $0
Kenneth Geyer Trustee 1.00
Director
$0 $0 $0
Pam Lincon Trustee 1.00
Director
$0 $0 $0
Shawn Barnes Trustee 1.00
Director
$0 $0 $0
Tim Coffin Trustee 1.00
Director
$0 $0 $0
William Woolf President/CEO/Secretary 40.00
Officer
$108,923 $0 $108,923
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 $2,690,280 $2,648,888 $778,195 $41,392
2023 $339,558 $343,158 $680,272 $-3,600
2022 $358,643 $369,744 $55,325 $-11,101
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