AVIATION INSURANCE 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

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

THE AVIATION INSURANCE ASSOCIATION IS COMMITTED TO ENHANCING THE AVIATION INSURANCE INDUSTRY WORLDWIDE AND THE PROFESSIONAL LIVES OF THOSE WHO WORK IN IT THROUGH A VARIETY OF PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $213,726 Revenue: $154,046

MEMBERSHIP: NETWORKING AND DEVELOPING RELATIONSHIPS WITH OTHERS IN THE AVIATION INSURANCE INDUSTRY.EDUCATIONAL PROGRAMS: SELF-STUDY AND CLASSROOM TRAINING FOR NEW EMPLOYEES, TO MEET CIE REQUIREMENTS AND QUALIFICATION FOR THE PRESTIGIOUS CAIP DESIGNATION. REDUCED REGISTRATION FEES TO ALL AIA MEETINGS AND EDUCATIONAL PROGRAMS.INDUSTRY PUBLICATION: THE BINDER, PUBLISHED FOUR TIMES PER YEAR.

Program 2

Expenses: $509,290 Revenue: $634,738

CONFERENCES: A VENUE TO TRADE EXPERIENCES, CREATE BUSINESS PARTNERSHIPS, AND DISCUSS THE CURRENT STATE OF THE INDUSTRY FROM EACH SEGMENT OF THE ASSOCIATION. NETWORK WITH YOUR PEERS OVER COCKTAILS...

CONFERENCES: A VENUE TO TRADE EXPERIENCES, CREATE BUSINESS PARTNERSHIPS, AND DISCUSS THE CURRENT STATE OF THE INDUSTRY FROM EACH SEGMENT OF THE ASSOCIATION. NETWORK WITH YOUR PEERS OVER COCKTAILS DURING THE OPENING RECEPTION, GET INDEPTH KNOWLEDGE AT THE CONTINUING EDUCATION SESSIONS, AND LEARN WHAT IS TO COME FOR THE AVIATION INSURANCE INDUSTRY FROM LEADERS IN AVIATION FROM AROUND THE WORLD.

Program 3

Expenses: $23,724 Revenue: $75,572

EDUCATION: THE ASSOCIATION OFFERS SEVERAL PROGRAMS TO THOSE INTERESTED IN ENHANCING THEIR INDUSTRY KNOWLEDGE, SOME OF THE CLASSES WE OFFER WILL HELP THOSE NEW TO THE INDUSTRY GET ACCLIMATED TO THE...

EDUCATION: THE ASSOCIATION OFFERS SEVERAL PROGRAMS TO THOSE INTERESTED IN ENHANCING THEIR INDUSTRY KNOWLEDGE, SOME OF THE CLASSES WE OFFER WILL HELP THOSE NEW TO THE INDUSTRY GET ACCLIMATED TO THE FIELD WHILE OTHERS ARE DESIGNED TO HELP PROFESSIONALS EARN THEIR CERTIFIED AVIATION INSURANCE PROFESSIONAL DESIGNATION. WE EVEN OFFER CONTINUING EDUCATION CREDITS FOR SEVERAL CLASSES TO HELP YOU KEEP UPTODATE WITH YOUR STATE REQUIREMENTS.

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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 $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

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
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