FLEET RESERVE ASSOCIATION 97

EIN: 910792874 Public & Societal Benefit

OAK HARBOR, WA

Total Revenue
$110,722
Total Expenses
$107,717
Total Assets
$57,178
Net Assets
$54,980
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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
WA
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

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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 $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

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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