RETIRED ENLISTED ASSOCIATION 3 (EIN 846046594) - 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

Formation Year

1963

Legal Domicile

Principal Officer

SHERMIN GILLIAM

Phone

3033431921

Tax Period

2024-07-01 to 2025-06-30

RETIRED ENLISTED ASSOCIATION 3, founded in 1963, is a small nonprofit that reported $234K in total revenue in fiscal year 2024.

Mission

THE RETIRED ENLISTED ASSOCIATION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE FOR UNIFORMED SERVICES, ENLISTED PERSONNEL, THEIR FAMILIES, AND SURVIVORS - INCLUDING HONORABLY DISCHARGED VETERANS AND ALL RETIREES; TO STOP THE EROSION OF EARNED BENEFITS THROUGH OUR LEGISLATIVE EFFORTS; TO MAINTAIN OUR ESPIRIT DE CORPS, DEDICATION AND PATRIOTISM; AND TO CONTINUE OUR DEVOTION AND ALLEGIANCE TO GOD AND COUNTRY.

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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 $5,353

Program Service Revenue $13,192

Investment Income $0

Other Revenue $215,158

TOTAL REVENUE $233,703

Expense Breakdown

Grants Paid $3,067

Salaries & Benefits $52,569

Fundraising Expenses $0

Other Expenses $172,359

TOTAL EXPENSES $227,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,703	$232,174	+0.0%
Expenses	$227,995	$231,653	0.0%
Net Income	$5,708	$521	+10.0%

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

349

Independent Members

349

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEROY ADAMS	2ND VICE PRE	10.00	Officer	$0	$0	$0
GLENN BLASSINGAME	PARLIAMENTAR	5.00	Officer	$0	$0	$0
GERALD BROUSSARD	SGT-AT-ARMS	5.00	Officer	$0	$0	$0
CHRISS CARR	2 YEAR TRUST	1.00	Officer	$0	$0	$0
WILLIE CLARK	1ST VICE PRE	1.00	Officer	$0	$0	$0
SHERMIN GILLIAM	PRESIDENT	10.00	Officer	$0	$0	$0
PRINCE NESBITT III	CHAPLAIN	1.00	Officer	$0	$0	$0
JC JONES	TREASURER	8.00	Officer	$0	$0	$0
GEORGE KIDD	1 YEAR TRUST	1.00	Officer	$0	$0	$0
RITA MARTIN-FLOWERS	SECRETARY	5.00	Officer	$0	$0	$0
AARON REED	3 YEAR TRUST	3.00	Officer	$0	$0	$0
MARK RICHARDSON	3RD VICE PRE	2.00	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
2025	$233,703	$227,995	$80,140	$5,708
2024	$232,174	$231,653	$77,846	$521
2023	$175,139	$202,822	$79,498	$-27,683
2022	$133,132	$140,279	$103,287	$-7,147
2021	$38,047	$93,212	$108,974	$-55,165

RETIRED ENLISTED ASSOCIATION 3