CHICAGO AREA BUSINESS AVIATION ASSO (EIN 364240135) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

ERIC WARNING

Phone

7084006404

Tax Period

2024-01-01 to 2024-12-31

CHICAGO AREA BUSINESS AVIATION ASSO, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $234K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $71K, a strong 30% operating margin.

Mission

TO PROVIDE AN INTERFACE AMONG BUSINESSES THAT UTILIZE BUSINESS AVIATION VENDORS THAT SUPPLY GOODS AND SERVICES TO BUSINESS AVIATION AND POLICYMAKERS WHOSE DECISIONS AFFECT AIRCRAFT OPERATIONS AND PROVIDE SCHOLARSHIPS FOR THOSE INTERESTED IN THE AVIATION FIELD.

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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 $0

Program Service Revenue $234,188

Investment Income $0

Other Revenue $0

TOTAL REVENUE $234,188

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $0

Fundraising Expenses $87,031

Other Expenses $155,657

TOTAL EXPENSES $163,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,188	$205,111	+0.1%
Expenses	$163,657	$215,007	-0.2%
Net Income	$70,531	$-9,896	-8.1%

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
ERIC WARNING	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOSH HERNANDEZ	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHRIS KOZICKI	TREASURER	N/A	Officer Director	$0	$0	$0
MARY SHAD	SECRETARY	N/A	Officer Director	$0	$0	$0
BERNIE BURNS	DIRECTOR	N/A	Director	$0	$0	$0
MARK DOLES	DIRECTOR	N/A	Director	$0	$0	$0
MARK JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
PAM KAVANAUGH	DIRECTOR	N/A	Director	$0	$0	$0
NORAH LENARDIC	DIRECTOR	N/A	Director	$0	$0	$0
BRANDT MADSEN	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT MORAN	DIRECTOR	N/A	Director	$0	$0	$0
MARK QUANDAHL	DIRECTOR	N/A	Director	$0	$0	$0
GABI TIJERINA	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	$234,188	$163,657	$194,412	$70,531
2023	$205,111	$215,007	$123,882	$-9,896
2022	$189,230	$183,465	$133,778	$5,765
2021	$194,760	$156,930	$149,584	$37,830
2020	$128,117	$108,457	$111,754	$19,660

CHICAGO AREA BUSINESS AVIATION ASSO