PARACHUTE INDUSTRY 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

1977

Legal Domicile

Principal Officer

ROBERTO MONTANEZ

Phone

4809826125

Tax Period

2024-09-01 to 2025-08-31

PARACHUTE INDUSTRY ASSOCIATION, founded in 1977, is a small nonprofit that reported $632K in total revenue in fiscal year 2024. Revenue surged 376% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 15% operating margin.

Mission

THE PARACHUTE INDUSTRY ASSOCIATION IS AN INTERNATIONAL ORGANIZATION OF COMPANIES AND INDIVIDUALS WHO ARE LEADERS IN THE PROMOTION OF SAFETY, QUALITY, AND ACCOUNTABILITY IN THE SKYDIVING INDUSTRY, BOTH SPORT AND MILITARY.

Program Service Accomplishments

Program 1

DEVELOPING & MAINTAINING AN INFORMATIVE INTERNATIONAL WEBSITE FOR MEMBERS, RIGGERS, AERO CLUBS, FAA AND ANYONE INTERESTED IN THIS INDUSTRY

Program 2

THE PIA SUPPORTS MEMBERS SHARING INDUSTRY INFORMATION WITH BIANNUAL MEETINGS, INCLUDING BREAKOUT COMMITTEE SESSIONS AS WELL AS MEETINGS WITH THE ENTIRE MEMBERSHIP. THE MISSION OF MANY OF THE PIA...

THE PIA SUPPORTS MEMBERS SHARING INDUSTRY INFORMATION WITH BIANNUAL MEETINGS, INCLUDING BREAKOUT COMMITTEE SESSIONS AS WELL AS MEETINGS WITH THE ENTIRE MEMBERSHIP. THE MISSION OF MANY OF THE PIA COMMITTEES (TECHNICAL, RIGGING, ETHICS, RISK MANAGEMENT, ETC.) IS TO ENHANCE THE SAFETY OF EQUIPMENT AND JUMPERS.

Program 3

EVERY OTHER YEAR, PIA PRESENTS A 5-DAY SYMPOSIUM WITH AN EXHIBIT HALL AND SEMINARS ON VARIOUS TOPICS OF INTEREST TO SKYDIVERS, RIGGERS, MANUFACTURERS, ETC.

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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 $69,739

Program Service Revenue $530,273

Investment Income $32,457

Other Revenue $0

TOTAL REVENUE $632,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $536,302

TOTAL EXPENSES $536,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$632,469	$132,815	+3.8%
Expenses	$536,302	$152,119	+2.5%
Net Income	$96,167	$-19,304	-6.0%

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
ROBERTO MONTANEZ	PRESIDENT	10.00	Officer Director	$0	$0	$0
MATT ZWICKER	SECRETARY	10.00	Officer Director	$0	$0	$0
VINNY SALATINO	TREASURER	10.00	Officer Director	$0	$0	$0
ADAM SCHMUCKER	VICE-PRESIDENT	10.00	Officer Director	$0	$0	$0
PAT THOMAS	EXECUTIVE ADVISOR	10.00	Officer 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	$632,469	$536,302	$961,736	$96,167
2024	$132,815	$152,119	$863,063	$-19,304
2023	$330,532	$314,824	$878,582	$15,708
2022	$279,295	$122,724	$857,209	$156,571
2021	$155,624	$130,964	$695,082	$24,660
2020	$120,054	$197,351	$670,422	$-77,297
2019	$485,746	$362,917	$747,719	$122,829