FLEET RESERVE ASSOCIATION 97

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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

1946

Legal Domicile

Principal Officer

BRENT HUNDLEY

Phone

7343558965

Tax Period

2024-07-01 to 2025-06-30

FLEET RESERVE ASSOCIATION 97, founded in 1946, is a small nonprofit in the Public & Societal Benefit sector that reported $111K in total revenue in fiscal year 2024. Revenue surged 196% from the prior year, signaling strong growth momentum.

Mission

TO INCULCATE IN ITS MEMBERS THE THREE CARDINAL PRINCIPLES OF THE ORGANIZATION LOYALTY, PROTECTION AND SERVICE AND TO SUPPORT THE POLICIES OF THE FLEET RESERVE ASSOCIATION, AS STATED IN THE CONSTITUTION AND BY-LAWS, AND AS PROMULGATED BY THE NATIONAL BOARD OF DIRECTORS

Program Service Accomplishments

Program 1

Expenses: $43,910 Revenue: $110,722

SCHOLARSHIPS AND SPONSORSHIPS

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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 $10,993

Program Service Revenue $0

Investment Income $11

Other Revenue $99,718

TOTAL REVENUE $110,722

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $28,116

Fundraising Expenses $25,330

Program Expenses $43,910

Other Expenses $78,601

TOTAL EXPENSES $107,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,722	$37,402	+2.0%
Expenses	$107,717	$170,396	-0.4%
Net Income	$3,005	$-132,994	-1.0%

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

Independent Members

Employees

Volunteers

N/A

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
TIM MILLER	PRESIDENT	002.00	Officer Director	$0	$0	$0
SARAH GALLELLA	FIRST VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
BRENT HUNDLEY	SECRETARY	010.00	Officer Director	$0	$0	$0
MARTY MARSOLEK	TREASURER	002.00	Officer Director	$0	$0	$0
GARTH HILLS	DIRECTOR	001.00	Director	$0	$0	$0
MIKE MORGAN	DIRECTOR	001.00	Director	$0	$0	$0
JOHN VEGA	DIRECTOR	001.00	Director	$0	$0	$0
COREY BAKER	DIRECTOR	001.00	Director	$0	$0	$0
RICK LAMONT	DIRECTOR	001.00	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	$110,722	$107,717	$57,178	$3,005
2024	$37,402	$170,396	$46,792	$-132,994