AEROSPACE COMPONENTS MANUFACTURERS INC

EIN: 061547223 Community Improvement

EAST HARTFORD, CT

Total Revenue
$404,370
Total Expenses
$315,597
Total Assets
$697,576
Net Assets
$563,721
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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
1999
Legal Domicile
CT
Principal Officer
JESSICA TAYLOR
Phone
8602824239
Tax Period
2023-01-01 to 2023-12-31

AEROSPACE COMPONENTS MANUFACTURERS INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $404K in total revenue in fiscal year 2023. The organization ran a surplus of $89K, a strong 22% operating margin.

Mission

TO LEAD MEMBER COMPANIES TOWARD EXPANDED MARKET PRESENCE BASED UPON INCREASED COMPETITIVENESS OBTAINED THROUGH THE IMPLEMENTATION OF LEAN MANAGEMENT PRINCIPLES AND PRACTICES, WORKFORCE SKILLS DEVELOPMENT, AND NETWORKED BUSINESS DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $330,290
Program Service Revenue $65,295
Investment Income $5,807
Other Revenue $2,978
TOTAL REVENUE $404,370

Expense Breakdown

Grants Paid $12,500
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $303,097
TOTAL EXPENSES $315,597

Year-over-Year Comparison

2023 2022 Change
Revenue $404,370 $378,306 +0.1%
Expenses $315,597 $379,677 -0.2%
Net Income $88,773 $-1,371 -65.8%
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
10
Independent Members
10
Employees
N/A
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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK CLEARY DIRECTOR 1.00
Director
$0 $0 $0
COLIN COOPER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS GESSAY DIRECTOR 1.00
Director
$0 $0 $0
CHRIS KIELB DIRECTOR 1.00
Director
$0 $0 $0
SUSAN KASA DIRECTOR 1.00
Director
$0 $0 $0
MARTHA PALUCH PROU DIRECTOR 1.00
Director
$0 $0 $0
RON ANGELO DIRECTOR 1.00
Director
$0 $0 $0
BRITTANY ISHERWOOD DIRECTOR 1.00
Director
$0 $0 $0
JASON JARVIS SECRETARY/TR 1.00
Officer Director
$0 $0 $0
SANTO PIRROTTA VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MICHEAL POLO PRESIDENT 1.00
Officer Director
$0 $0 $0
JESSICA TAYLOR EXECUTIVE DI 40.00
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
2024 No data No data No data No data
2023 $404,370 $315,597 $697,576 $88,773
2022 $378,306 $379,677 $628,404 $-1,371
2021 $370,845 $367,362 $628,436 $3,483
2020 $350,038 $323,857 $627,236 $26,181
2019 $392,764 $432,486 $610,605 $-39,722
2018 $313,436 $352,641 $638,778 $-39,205
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