LOGAN AIRPORT ASSOCIATION

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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

1984

Legal Domicile

Principal Officer

ANGELO GRECH

Phone

7816709070

Tax Period

2024-09-01 to 2025-08-31

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS FROM THE AIRPORT COMMUNITY WHO ARE EXPERIENCING FINANCIAL HARDSHIP DUE TO A SERIOUS PERSONAL OR FAMILY ILLNESS OR

Program Service Accomplishments

Program 1

Expenses: $7,922 Revenue: $0

The Associations primary program service is to provide cash grants to individuals from the airport community experiencing financial hardship due to illness or extraordinary circumstances. The...

The Associations primary program service is to provide cash grants to individuals from the airport community experiencing financial hardship due to illness or extraordinary circumstances. The Association also works to foster a sense of community among airport tenant organizations and their employees with periodic lunches and dinners. The Associations annual dinner event serves both to raise funds for the Helping Hands Program, but also to encourage the development of community among the various airport services and tenants.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,922

Other Expenses $4,422

TOTAL EXPENSES $7,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$7,922	$7,589	+0.0%
Net Income	N/A	$-7,589	N/A

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
ANGELO GRECH	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICK CASEY JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT COSTELLO	TREASURER	1.00	Officer Director	$0	$0	$0
SHERRY RECUPERO	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
ROSE VACCARO	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
2025	No data	$7,922	$4,730	No data
2024	No data	$7,589	$12,652	No data
2023	$195	$10,458	$19,391	$-10,263
2022	$1,855	$6,962	$16,583	$-5,107
2021	$195	$6,691	$14,705	$-6,496
2020	$25,873	$39,863	$21,202	$-13,990
2019	$43,436	$42,720	$49,441	$716