AIRCRAFT FLEET RECYCLING ASSOCIATION (EIN 208230675) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

BRENT WEBB

Phone

2023476895

Tax Period

2024-01-01 to 2024-12-31

AIRCRAFT FLEET RECYCLING ASSOCIATION, founded in 2007, is a small nonprofit in the Science & Technology sector that reported $280K in total revenue in fiscal year 2024. Expenses of $330K exceeded revenue, resulting in a 18% operating deficit.

Mission

AFRA IS THE LEADING GLOBAL ORGANIZATION FOR DEVELOPING AND PROMOTING THE SAFE AND SUSTAINABLE MANAGEMENT OF CIRCULARITY OF COMPONENTS AND AIRCRAFT IN THE AVIATION SECTOR. IT'S MISSION IS TO ELEVATE INDUSTRY PERFORMANCE AND INCREASE COMMERCIAL VALUE FOR END-OF-SERVICE AIRCRAFT AND TO IMPROVE THE MANAGEMENT OF END-OF-LIFE AIRCRAFT IN TERMS OF ENVIRONMENTAL AND SUSTAINABLE PERFORMANCE.

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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 $0

Program Service Revenue $273,750

Investment Income $6,327

Other Revenue $0

TOTAL REVENUE $280,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $329,646

TOTAL EXPENSES $329,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,077	$271,633	+0.0%
Expenses	$329,646	$357,735	-0.1%
Net Income	$-49,569	$-86,102	-0.4%

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

N/A

Volunteers

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
BRENT WEBB	PRESIDENT	2.00	Officer Director	$0	$0	$0
RAFA FERRO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LEE MCCONNELLOGUE	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT BUTLER	SECRETARY	2.00	Officer Director	$0	$0	$0
LIONEL G ROQUES	DIRECTOR	1.00	Director	$0	$0	$0
PEDRO LAMA	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BARNES	DIRECTOR	1.00	Director	$0	$0	$0
MAYLIN SALGADO	DIRECTOR	1.00	Director	$0	$0	$0
SIMON UPTON	DIRECTOR	1.00	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
2024	$280,077	$329,646	$574,183	$-49,569
2023	$271,633	$357,735	$588,118	$-86,102
2022	$223,876	$182,698	$704,062	$41,178
2021	$286,249	$144,811	$667,945	$141,438
2020	$185,966	$218,094	$552,048	$-32,128
2019	$267,723	$387,186	$690,726	$-119,463
2018	$265,551	$343,112	$748,146	$-77,561

AIRCRAFT FLEET RECYCLING ASSOCIATION