MICHIGAN AEROSPACE MANUFACTURERS ASSOCIATION (EIN 260254883) - 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

GAVIN BROWN

Tax Period

2022-01-01 to 2022-12-31

MICHIGAN AEROSPACE MANUFACTURERS ASSOCIATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $401K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $611K exceeded revenue, resulting in a 52% operating deficit.

Mission

TO SERVE AND REPRESENT THE INTEREST OF MICHIGAN'S AEROSPACE MANUFACTURING FIRMS, PROVIDE EDUCTIONAL PROGRAMS AND INDUSTRY RESEARCH TO ITS MEMBERS AND TO PROMOTE THE AEROSPACE MANUFACTURING COMMUNITY IN THE STATE OF MICHIGAN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $258,225

Program Service Revenue $142,291

Investment Income $12

Other Revenue $0

TOTAL REVENUE $400,528

Expense Breakdown

Grants Paid $500

Salaries & Benefits $239,958

Fundraising Expenses $0

Other Expenses $370,257

TOTAL EXPENSES $610,715

Year-over-Year Comparison

	2022	2021	Change
Revenue	$400,528	$467,734	-0.1%
Expenses	$610,715	$1,075,839	-0.4%
Net Income	$-210,187	$-608,105	-0.7%

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

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

$239,958

Total Directors

$143,826

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAVIN BROWN	EXECUTIVE DI	60.00	Officer Director	$143,826	$0	$143,826
JOHN GEISLER	MANAGING ACC	55.00	Officer	$96,132	$0	$96,132
TONY PINHO	DIRECTOR	N/A	Director	$0	$0	$0
JOE ANDERSON	DIRECTOR	N/A	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
2022	$400,528	$610,715	$114,991	$-210,187
2021	$467,734	$1,075,839	$270,127	$-608,105
2020	$1,268,949	$957,321	$922,790	$311,628
2019	$1,527,620	$827,374	$647,575	$700,246

MICHIGAN AEROSPACE MANUFACTURERS ASSOCIATION