Space Force 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

2019

Legal Domicile

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, analysis, educational activities, supporting the US space operations policy, and supporting military veterans.

Program Service Accomplishments

Program 1

Expenses: $2,474,164 Revenue: $2,350,771

Advancing scientific research, analysis, educational activities, and supporting the US space operations policy.

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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 $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

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

$136,923

Total Directors

$28,000

Key Employees

Highest Compensated

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