FAA MANAGERS ASSOCIATION INC

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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

2002

Legal Domicile

Principal Officer

MIKE SMITH

Phone

2024000272

Tax Period

2024-01-01 to 2024-12-31

FAA MANAGERS ASSOCIATION INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $352K, a strong 21% operating margin.

Mission

TO PROMOTE AVIATION SAFETY AND EFFICIENCY AND SUPPORT THE IDEALS OF THE FEDERAL GOVERNMENT.

Program Service Accomplishments

Program 1

FAA MANAGERS ASSOCIATION, INC. ("FAAMA") ORGANIZES AND HOSTS AN ANNUAL NATIONAL TRAINING CONFERENCE FOR ITS MEMBERS AND OTHERS INTERESTED IN ATTENDING. THE TRAINING AGENDA FOR THE CONFERENCE IS...

FAA MANAGERS ASSOCIATION, INC. ("FAAMA") ORGANIZES AND HOSTS AN ANNUAL NATIONAL TRAINING CONFERENCE FOR ITS MEMBERS AND OTHERS INTERESTED IN ATTENDING. THE TRAINING AGENDA FOR THE CONFERENCE IS REVIEWED AND APPROVED BY THE US DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION. THE FAA MUST COMPLY WITH STRICT CONGRESSIONAL DIRECTION REGARDING THE ADMINISTRATION CONTENT, DELIVERY AND EVALUATION OF ALL AGENCY FUNDED TRAINING. THE TRAINING WORKSHOPS PROVIDED AT THE CONFERENCE FALL WITHIN THE SCOPE OF THESE REQUIREMENTS. THE 2024 CONVENTION WAS HELD IN OCTOBER AT THE DISNEY'S YACHT CLUB RESORT IN ORLANDO, FLORIDA AND WAS ATTENDED BY 183 DELEGATES AND HAD 353 ATENDEES.

Program 2

FAAMA PROVIDES LEADERSHIP TRAINING COURSES FOR ITS MEMBERS AND OTHER INTERESTED IN ATTENDING. CONTINUING EDUCATION CREDITS ARE AVAILABLE FOR ATTENDANCE.

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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 $1,516,394

Investment Income $143,601

Other Revenue $12,382

TOTAL REVENUE $1,672,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,000

Fundraising Expenses $0

Other Expenses $1,212,559

TOTAL EXPENSES $1,320,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,672,377	$1,139,214	+0.5%
Expenses	$1,320,559	$892,730	+0.5%
Net Income	$351,818	$246,484	+0.4%

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

100

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
MICHAEL HORN	SECRETARY	2.00	Officer Director	$0	$0	$0
DENISE RAGER	TREASURER	2.00	Officer Director	$0	$0	$0
WAYNE HUBBARD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDY TAYLOR	REGIONAL DIRECTOR	2.00	Director	$0	$0	$0
CHRIS CITROLA	REGIONAL DIRECTOR	2.00	Director	$0	$0	$0
TANJA ROWLAND	REGIONAL DIRECTOR	2.00	Director	$0	$0	$0
BRIAN SALAWAY	REGIONAL DIRECTOR	2.00	Director	$0	$0	$0
JEFF HUBERT	REGIONAL DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER ROSS	REGIONAL DIRECTOR	2.00	Director	$0	$0	$0
SARINA GUMBERT	REGIONAL DIRECTOR	2.00	Director	$0	$0	$0
RANDY BAILEY	REGIONAL DIRECTOR	2.00	Director	$0	$0	$0
SHERI KANESHIRO	REGIONAL DIRECTOR	2.00	Director	$0	$0	$0
MIKE SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
RON ERITANO	EXECUTIVE DIR.	40.00	Officer	$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	$1,672,377	$1,320,559	$2,477,911	$351,818
2023	$1,246,464	$1,260,453	$2,235,101	$-13,989
2023	$1,139,214	$892,730	$2,282,138	$246,484
2022	$1,209,579	$1,221,885	$2,109,570	$-12,306
2021	$1,171,498	$715,090	$2,237,496	$456,408
2020	$1,335,652	$1,152,011	$1,695,489	$183,641