THE AEROSPACE ALLIANCE C/O VISIONFIRST ADVISORS

EIN: 271527095 Community Improvement

TALLAHASSEE, FL

Total Revenue
$258,684
Total Expenses
$232,929
Total Assets
$147,613
Net Assets
$147,613
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AL
Principal Officer
NANCY BLUM-HEINTZ
Phone
8503219740
Tax Period
2024-01-01 to 2024-12-31

THE AEROSPACE ALLIANCE C/O VISIONFIRST ADVISORS, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $259K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $233K left a modest 10% surplus.

Mission

THE MISSION OF THE AEROSPACE ALLIANCE IS TO ESTABLISH THE GULF COAST AND SURROUNDING REGION AS A WORLD-CLASS AEROSPACE, SPACE, AND AVIATION CORRIDOR.

Program Service Accomplishments

Program 1
Expenses: $26,504

THE ORGANIZATION WORKED WITH STATE, LOCAL AND REGIONAL ECONOMIC DEVELOPERS TO SUPPORT AND PROMOTE THE FOUR-STATE REGION TO THE AEROSPACE AND AVIATION INDUSTRIES.

Program 2
Expenses: $170,186

EACH YEAR THE ORGANIZATION HOSTS AN INTERNATIONAL AIR SHOW EVENT AND A NATIONAL SUMMIT TO WELCOME BUSINESS AND POLITICAL LEADERS. THE EVENT HIGHLIGHTS THE ECONOMIC IMPACT OF AEROSPACE IN THE REGION...

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EACH YEAR THE ORGANIZATION HOSTS AN INTERNATIONAL AIR SHOW EVENT AND A NATIONAL SUMMIT TO WELCOME BUSINESS AND POLITICAL LEADERS. THE EVENT HIGHLIGHTS THE ECONOMIC IMPACT OF AEROSPACE IN THE REGION, AS WELL AS PROMOTES WAYS TO DO BUSINESS AMONG ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $254,850
Program Service Revenue $0
Investment Income $3,834
Other Revenue $0
TOTAL REVENUE $258,684

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $196,690
Other Expenses $232,929
TOTAL EXPENSES $232,929

Year-over-Year Comparison

2024 2023 Change
Revenue $258,684 $297,575 -0.1%
Expenses $232,929 $260,470 -0.1%
Net Income $25,755 $37,105 -0.3%
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
4
Independent Members
4
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
0
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN BONNETT BOURGEOIS SECRETARY 1.00
Director
$0 $0 $0
BILL CORK DIRECTOR 1.00
Director
$0 $0 $0
JASON MAHON DEPUTY SECRETARY 1.00
Director
$0 $0 $0
ELLEN MCNAIR SECRETARY OF COMMERCE 1.00
Director
$0 $0 $0
CATHY CHAMBERS DIRECTOR 1.00
Director
$0 $0 $0
HALEY FISACKERLY PRESIDENT 1.00
Director
$0 $0 $0
GEORGE FREELAND DIRECTOR 1.00
Director
$0 $0 $0
BOB FUDICKAR DIRECTOR 1.00
Director
$0 $0 $0
KEITH KENNE DIRECTOR 1.00
Director
$0 $0 $0
JEFF LYNN PRESIDENT 1.00
Director
$0 $0 $0
BOBBY SAVOIE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BOB SMITH ASSISTANT DIRECTOR 1.00
Director
$0 $0 $0
NEAL WADE DIRECTOR 1.00
Director
$0 $0 $0
JOHN WATRET CHANCELLOR 1.00
Director
$0 $0 $0
SHAWN WELCOME 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 $258,684 $232,929 $147,613 $25,755
2023 $297,575 $260,470 $121,858 $37,105
2022 $272,325 $313,274 $84,754 $-40,949
2021 $235,948 $139,104 $125,704 $96,844
2019 $281,980 $248,876 $34,895 $33,104
2018 $233,451 $282,274 $1,791 $-48,823
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