Great Lakes Chapter American Assoc… - 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

1971

Legal Domicile

Principal Officer

David Haring

Phone

4808936110

Tax Period

2023-01-01 to 2023-12-31

Great Lakes Chapter American Association of Airport Services, founded in 1971, is a small nonprofit that reported $354K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $424K exceeded revenue, resulting in a 20% operating deficit.

Mission

The mission of the association is to provide member services and professional development conferences and support to those in the aviation community.

Program Service Accomplishments

Program 1

ANNUAL CONFERENCE FOR MEMBERS AND PROFESSIONAL AND SERVICE INDUSTRY REPRESENTATIVES

Program 2

AIRPORT OPERATIONS AND MAINTENANCE CONFERENCE AND ENVIRONMENTAL WORKSHOP

Program 3

PROVIDING Grants and Scholarships

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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 $126,008

Program Service Revenue $227,569

Investment Income $36

Other Revenue $0

TOTAL REVENUE $353,613

Expense Breakdown

Grants Paid $30,985

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $392,842

TOTAL EXPENSES $423,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,613	$382,514	-0.1%
Expenses	$423,827	$314,589	+0.3%
Net Income	$-70,214	$67,925	-2.0%

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

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
David S Haring As of 71	President	10.00	Officer Director	$0	$0	$0
John C Reed through 630	President	10.00	Officer Director	$0	$0	$0
Katrina L Scherer	Vice President	10.00	Officer Director	$0	$0	$0
David J Schaumburg As of 71	Vice President	10.00	Officer Director	$0	$0	$0
Marc M Sethna	Treasurer	10.00	Officer Director	$0	$0	$0
Cortnery E Harris	Director	3.00	Director	$0	$0	$0
Nathaniel T Hahn	Director	3.00	Director	$0	$0	$0
Martin P Lenss	Director	3.00	Director	$0	$0	$0
Christian D Nelson	Director	3.00	Director	$0	$0	$0
Megan E Myles	Director	3.00	Director	$0	$0	$0
Thomas J Werner	Director	3.00	Director	$0	$0	$0
David Schubert	Director	3.00	Director	$0	$0	$0
Robert P McNally	Director	3.00	Director	$0	$0	$0
Ryan M Riesinger	Director	3.00	Director	$0	$0	$0
Christopher E Pollock	Director	3.00	Director	$0	$0	$0
Richard W King	Director	3.00	Director	$0	$0	$0
Brian J Grefe	Director	3.00	Director	$0	$0	$0
Christopher Pearce	Director	3.00	Director	$0	$0	$0
MELISSA COOPER	Director	3.00	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
2024	No data	No data	No data	No data
2023	$353,613	$423,827	$329,700	$-70,214
2022	$382,514	$314,589	$395,029	$67,925
2021	$385,382	$313,773	$326,443	$71,609

Great Lakes Chapter American Association of Airport Services