EASTERN MA USAFA FAMILIES CLUB INC
Mission Statement
TO ORGANIZE GATHERINGS AND PROGRAMS TO ADVISE PARENTS, GUARDIANS, POTENTIAL APPLICANTS, AND APPOINTEES OF THE UNIQUE CHALLENGES FACING CADETS ENROLLED AT THE USAF ACADEMY, TO PROVIDE FOR FREE EXCHANGE OF INFORMATION TO ENABLE BETTER UNDERSTANDING OF THE OBJECTIVES OF THE USAF ACADEMY AND THE DEVELOPMENT PROCESSES THAT CADETS UNDERGO, TO ARRANGE OPPORTUNITIES TO BRING PARENTS AND THEIR CADETS TOGETHER WITH OTHER PARENTS, CADETS AND GRADUATE S FOR THE PURPOSES OF PROVIDING INFORMATION AND ASSISTANCE TO PROSPECTIVE CANDIDATES AND THEIR FAMILIES, AND TO SUPPORT AND PROMOTE THE WELL-BEING OF MASSACHUSETTS CADETS AT THE USAF ACADEMY AND PREPARATORY SCHOOL, AND FALCON FOUNDATION SCHOLARS FROM MASSACHUSETTS, AS WELL AS CADETS WHO TRAVEL TO MASSACHUSETTS FOR USAF ACADEMY-ALLOWED ACTIVITIES. THE EASTERN MA USAFA FAMILIES CLUB, INC IS A NON-PROFIT CORPORATION AND SHALL OPERATE EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
Financial Overview — FY 2021
Compared with Peers
FY 2021| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
67.9% | 72.3% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
58.0% | 30.6% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
44.2 mo | 15.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
31.0% | 100.0% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-54.8% | 27.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-37.5% | 22.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-25.7% | 26.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2021 | $3K | $3K | $12K | 67.9% | — |
| 2020 | $6K | $5K | N/A | — | 1 |
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