MICHIGAN AEROSPACE MANUFACTURERS ASSOCIATION

EIN: 260254883 Community Improvement

STERLING HEIGHTS, MI

Total Revenue
$400,528
Total Expenses
$610,715
Total Assets
$114,991
Net Assets
$-408,330
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MI
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.

Program Service Accomplishments

Program 1

TO SERVE AND REPRESENT THE INTEREST OF MICHIGAN'S AEROSPACE MANUFACTURING FIRMS, PROVIDE EDUCATIONAL PROGRAMS AND INDUSTRY RESEARCH TO ITS MEMBER AND TO PROMOTE THE AEROSPACE MANUFACTURING COMMUNITY...

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TO SERVE AND REPRESENT THE INTEREST OF MICHIGAN'S AEROSPACE MANUFACTURING FIRMS, PROVIDE EDUCATIONAL PROGRAMS AND INDUSTRY RESEARCH TO ITS MEMBER AND TO PROMOTE THE AEROSPACE MANUFACTURING COMMUNITY IN THE STATE OF MICHGAN. ANALYSIS AND PLANNING OF A LOW EARTH ORBIT (LEO) SPACEPORT AS PART OF THE MICHIGAN LAUNCH INITIATIVE FEASIBILITY AND SITE SELECTION FOR POTENTIAL OPERATING LOCATIONS LEGAL AND BUSINESS CONSULTATION FOR THE MICHIGAN LAUNCH INITIATAIVE PROGRAM

Program 2

TO SERVE AND REPRESENT THE INTEREST OF MICHIGAN'S AEROSPACE MANUFACTURING FIRMS, PROVIDE EDUCATIONAL PROGRAMS AND INDUSTRY RESEARCH TO ITS MEMBER AND TO PROMOTE THE AEROSPACE MANUFACTURING COMMUNITY...

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TO SERVE AND REPRESENT THE INTEREST OF MICHIGAN'S AEROSPACE MANUFACTURING FIRMS, PROVIDE EDUCATIONAL PROGRAMS AND INDUSTRY RESEARCH TO ITS MEMBER AND TO PROMOTE THE AEROSPACE MANUFACTURING COMMUNITY IN THE STATE OF MICHGAN. ANALYSIS AND PLANNING OF A LOW EARTH ORBIT (LEO) SPACEPORT AS PART OF THE MICHIGAN LAUNCH INITIATIVE FEASIBILITY AND SITE SELECTION FOR POTENTIAL OPERATING LOCATIONS LEGAL AND BUSINESS CONSULTATION FOR THE MICHIGAN LAUNCH INITIATAIVE PROGRAM

Program 3

TO SERVE AND REPRESENT THE INTEREST OF MICHIGAN'S AEROSPACE MANUFACTURING FIRMS, PROVIDE EDUCATIONAL PROGRAMS AND INDUSTRY RESEARCH TO ITS MEMBER AND TO PROMOTE THE AEROSPACE MANUFACTURING COMMUNITY...

Read more

TO SERVE AND REPRESENT THE INTEREST OF MICHIGAN'S AEROSPACE MANUFACTURING FIRMS, PROVIDE EDUCATIONAL PROGRAMS AND INDUSTRY RESEARCH TO ITS MEMBER AND TO PROMOTE THE AEROSPACE MANUFACTURING COMMUNITY IN THE STATE OF MICHGAN. ANALYSIS AND PLANNING OF A LOW EARTH ORBIT (LEO) SPACEPORT AS PART OF THE MICHIGAN LAUNCH INITIATIVE FEASIBILITY AND SITE SELECTION FOR POTENTIAL OPERATING LOCATIONS LEGAL AND BUSINESS CONSULTATION FOR THE MICHIGAN LAUNCH INITIATAIVE PROGRAM

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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 (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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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
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
2
$239,958
Total Directors
3
$143,826
Key Employees
0
$0
Highest Compensated
0
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
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