MICHIGAN BUSINESS AVIATION ASSOCIATION (EIN 383391585) - 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

CLIFFORD MAINE

Phone

5173712223

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN BUSINESS AVIATION ASSOCIATION, founded in 1998, is a small nonprofit that reported $151K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $69K, a strong 46% operating margin.

Mission

TO PROMOTE, PRESERVE, AND DEVELOP RELIABLE INFRASTRUCTURE AND EFFICIENT AIRPORT SYSTEMS IN THE STATE OF MICHIGAN.

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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 $191,130

Program Service Revenue $12,050

Investment Income $0

Other Revenue $-52,579

TOTAL REVENUE $150,601

Expense Breakdown

Grants Paid $2,715

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,944

Other Expenses $79,129

TOTAL EXPENSES $81,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,601	$158,766	-0.1%
Expenses	$81,844	$134,907	-0.4%
Net Income	$68,757	$23,859	+1.9%

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
KELLIE RITTENHOUSE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDY RICHARDS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CLIFFORD MAINE	TREASURER	1.00	Officer Director	$0	$0	$0
MEGAN TURNER	SECRETARY	1.00	Officer Director	$0	$0	$0
RICK BUSCH	DIRECTOR	1.00	Director	$0	$0	$0
ROGER SALO	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
DEAN WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BYE	DIRECTOR	1.00	Director	$0	$0	$0
GREG HAMELINK	DIRECTOR	1.00	Director	$0	$0	$0
JOE IACCO	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH MACIEJEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
ADAM TURNER	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY DAVIES	NBAA REPRESENTATIVE	1.00	Director	$0	$0	$0
BOB DEVRIES	GCSI	1.00	Director	$0	$0	$0
AMANDA ATKINSON	GCSI ASSOCIATION SERVICES	1.00	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	$150,601	$81,844	$211,415	$68,757
2022	$158,766	$134,907	$142,838	$23,859

MICHIGAN BUSINESS AVIATION ASSOCIATION