Fleet Reserve Association

Nonprofit profile at a glance

EIN
530067600
IRS 990 coverage
2010–2022
Forms available
Form 990 2022, Form 990-N 2018
Location
Alexandria, VA, USA
Phone
7036831400
Rating confidence
Limited
Sector
Military, Veterans' Organizations

Official website

Reported finances

Revenue
$2,336,539
Expenses
$2,943,776
Assets
$3,748,806
Liabilities
$2,026,868

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • JAMES W CAMPBELL (NATIONAL PRESIDENT)
  • JAMES E ROBBINS JR (NATIONAL VICE PRESIDENT)
  • MICHAEL FULTON (JR PAST NATL PRESIDENT)

Highest reported compensation

  • CHRISTOPHER J SLAWINSKI (NATIONAL EXEC DIRECTOR): $122,414 total reported compensation
  • PHILLIP REID (FINANCE OFFICER): $114,919 total reported compensation
  • JOHN R DAVIS (DIR, LEGISLATIVE PROGRAMS): $113,590 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Advocate for sea services enlisted personnel, retirees and veterans, and keeping members informed of important matters affecting them and the u.s. Navy, u.s. Marines and u.s. Coast guard.

What it reported doing in 2022

Communications: activities include marketing initiatives and weekly legislative email updates; publishing and distribution "fra today" monthly magazine and a quarterly on-line publication to all members and other interested parties focused on items of interest to active, retired, reservist and veterans of the sea services; additionally the communications programs include press releases, speeches and handouts.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 79
  • Accountability: 80
  • Sustainability: 21
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 0th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 23rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -26%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 1.27; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 11.9%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -5.2% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -8.4% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 13 of 14 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $122K · 16 people listed
  • Highest-paid contractors: 1 contractor listed · $313K reported
  • Consistency: 10 of 10 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 10 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.