MODIFICATION AND REPLACEMENT PARTS… - Form 990 Financial Data

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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

Phone

2026286777

Tax Period

2023-01-01 to 2023-12-31

MODIFICATION AND REPLACEMENT PARTS ASSOCIATION INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $520K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $499K left a modest 4% surplus.

Mission

MARPA is an association of aviation industry replacement and alteration part manufacturers who obtain appropriate civil aviation design and production approvals for their parts. MARPA's number one priority is aviation safety. MARPA promotes the free enterprise competitive nature of producing and selling high-quality and safe parts through uniform standards; represents the membership on regulatory issues; and enhances members reputations by communicating the value of their parts.

Program Service Accomplishments

Program 1

Expenses: $280,314 Revenue: $280,075

MARPA educates the industry about the value of FAA-PMA parts and fosters business relationships through its annual conference. MARPA's 2023 annual conference was held in Orlando and featured...

MARPA educates the industry about the value of FAA-PMA parts and fosters business relationships through its annual conference. MARPA's 2023 annual conference was held in Orlando and featured educational workshops and general sessions as well as 1:1 meetings between manufacturers and air carriers.

Program 2

Expenses: $71,721 Revenue: $85,145

MARPA educates the global industry about the value of FAA-PMA parts and fosters business relationships through its EMEA conference. MARPA's 2023 EMEA conference was held in Amsterdam and featured a...

Program 3

Expenses: $100,000 Revenue: $0

MARPA works closely with government bodies to foster a regulatory atmosphere promoting high levels of safety without imposing needless resource burdens. MARPA helps to ensure that regulations and...

MARPA works closely with government bodies to foster a regulatory atmosphere promoting high levels of safety without imposing needless resource burdens. MARPA helps to ensure that regulations and policies reflect modern safety advances and standards. MARPA supports its members' safety and regulatory compliance goals by developing and providing safety and compliance tools.

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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 (2023)

Revenue Breakdown

Contributions & Grants $154,788

Program Service Revenue $365,220

Investment Income $0

Other Revenue $0

TOTAL REVENUE $520,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $452,035

Other Expenses $499,489

TOTAL EXPENSES $499,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$520,008	$354,688	+0.5%
Expenses	$499,489	$364,574	+0.4%
Net Income	$20,519	$-9,886	-3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Dickstein	President and Director	12.00	Officer Director	$0	$0	$0
Steve Szpunar	Director	1.00	Director	$0	$0	$0
Joshua Krotec	Director	1.00	Director	$0	$0	$0
Jeremy Hahn	Director	1.00	Director	$0	$0	$0
Andy Shields	Director	1.00	Director	$0	$0	$0
Joanne Vogt	Director	1.00	Director	$0	$0	$0
Greg Kucera	Director	1.00	Director	$0	$0	$0
Raffaele Virgili	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	No data	No data	No data	No data
2023	$520,008	$499,489	$32,179	$20,519
2022	$354,688	$364,574	$4,745	$-9,886
2021	$272,105	$337,147	$14,477	$-65,042
2020	$75,661	$83,398	$79,519	$-7,737
2019	$441,411	$375,993	$87,256	$65,418
2018	$372,085	$351,096	$24,678	$20,989

MODIFICATION AND REPLACEMENT PARTS ASSOCIATION INC