AVIATION INSURANCE ASSOCIATION

EIN: 362976270

LEXINGTON, KY

Total Revenue
$864,366
Total Expenses
$831,305
Total Assets
$490,966
Net Assets
$335,892
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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
KS
Principal Officer
MARY E GRATZER PMP
Phone
8592193545
Tax Period
2023-01-01 to 2023-12-31

AVIATION INSURANCE ASSOCIATION, founded in 1977, is a small nonprofit that reported $864K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $831K left a modest 4% surplus.

Mission

PROVIDE INFORMATION AND EDUCATION FOR MEMBERS ABOUT AVIATION INSURANCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $863,453
Investment Income $10
Other Revenue $903
TOTAL REVENUE $864,366

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $746,740
Other Expenses $831,305
TOTAL EXPENSES $831,305

Year-over-Year Comparison

2023 2022 Change
Revenue $864,366 $713,952 +0.2%
Expenses $831,305 $704,128 +0.2%
Net Income $33,061 $9,824 +2.4%
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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER S MORIN PRESIDENT 1.00
Officer Director
$0 $0 $0
IAN WRIGGLESWORTH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NICOLE WOLFE STOUT TREASURER 1.00
Officer Director
$0 $0 $0
LUKE UITHOVEN SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID HAMPSON DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL MCGRORY DIRECTOR 0.50
Director
$0 $0 $0
DAVID GOURGUES DIRECTOR 0.50
Director
$0 $0 $0
RAFFAELLA BASILE DIRECTOR 0.50
Director
$0 $0 $0
WESLEY COLLIER DIRECTOR 0.50
Director
$0 $0 $0
ANDY TRUNDLE DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER ARNOLD DIRECTOR AT LARGE 0.50
Director
$0 $0 $0
DAVID WATTS DIRECTOR AT LARGE 0.50
Director
$0 $0 $0
GREG STERLING IMMEDIATE PAST PRESIDENT 0.50
Director
$0 $0 $0
KRISTEN SUAREZ DIRECTOR-ELECT 0.50
Director
$0 $0 $0
JEFF SHEETS DIRECTOR-ELECT 0.50
Director
$0 $0 $0
JEFF SUTTON DIRECTOR 0.50
Director
$0 $0 $0
BOB WILLIAMS GENERAL COUNSEL 0.50
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 $864,366 $831,305 $490,966 $33,061
2022 $713,952 $704,128 $458,481 $9,824
2021 $232,231 $312,054 $382,970 $-79,823
2020 $385,509 $275,562 $446,426 $109,947
2019 $668,860 $645,501 $419,845 $23,359
2018 $598,524 $623,326 $398,673 $-24,802
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