AIRCRAFT ELECTRONICS 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

1957

Legal Domicile

Principal Officer

MIKE ADAMSON

Phone

8163478400

Tax Period

2024-01-01 to 2024-12-31

AIRCRAFT ELECTRONICS ASSOCIATION, founded in 1957, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Expenses of $3.5M left a modest 9% surplus.

Mission

TO ENCOURAGE AND ADVANCE THE SCIENCE OF AIRCRAFT ELECTRONICS.

Program Service Accomplishments

Program 1

ISSUE MONTHLY MAGAZINE TO APPROXIMATELY 10,000 INDIVIDUALS AND ORGANIZATIONS IN THE FIELD OF AIRCRAFT ELECTRONICS.

Program 2

PROVIDE MEMBERSHIP WITH INFORMATION ON GOVERNMENT REGULATIONS AFFECTING THE AIRCRAFT ELECTRONICS INDUSTRY.

Program 3

CONDUCT TRADE SHOWS ON AIRCRAFT ELECTRONICS.

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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 $3,498,380

Investment Income $332,014

Other Revenue $19,858

TOTAL REVENUE $3,850,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,805,195

Fundraising Expenses $0

Other Expenses $1,681,980

TOTAL EXPENSES $3,487,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,850,252	$3,714,461	+0.0%
Expenses	$3,487,175	$3,483,413	+0.0%
Net Income	$363,077	$231,048	+0.6%

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

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

$833,282

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ADAMSON	PRESIDENT	40.00	Officer	$294,000	$19,236	$313,236
DEBRA MCFARLAND	VICE-PRESIDE	40.00	Officer	$260,240	$17,692	$277,932
RICHARD PERI	V.P. GOV'T	40.00	Officer	$226,700	$15,414	$242,114
KEVIN BARTON	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS BERGMAN	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK COLEMAN	DIRECTOR	0.50	Director	$0	$0	$0
MARK COTE	DIRECTOR	0.50	Director	$0	$0	$0
GORDON COX	DIRECTOR	0.50	Director	$0	$0	$0
DON DOMINGUEZ	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES GALLAGHER	DIRECTOR	0.50	Director	$0	$0	$0
TOM HASS	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL SANTIAGO	DIRECTOR	0.50	Director	$0	$0	$0
TOM SIMON	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL TRUELSEN	DIRECTOR	0.50	Director	$0	$0	$0
TODD WINTER	DIRECTOR	0.50	Director	$0	$0	$0
MIKE BERRYHILL	VICE-CHAIRMA	1.00	Officer	$0	$0	$0
JAMIE LUSTER CLARKE	SECRETARY	1.00	Officer	$0	$0	$0
KRIS GARBER	TREASURER	1.00	Officer	$0	$0	$0
WILLIAM HANF	CHAIRMAN	1.00	Officer	$0	$0	$0
GARRY JOYCE	IMMEDIATE PA	1.00	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	$3,850,252	$3,487,175	$9,684,439	$363,077
2023	$3,714,461	$3,483,413	$9,296,489	$231,048
2022	$3,350,882	$2,959,071	$8,975,642	$391,811
2021	$3,348,106	$2,803,356	$8,517,821	$544,750
2020	$2,024,980	$2,211,053	$8,088,573	$-186,073
2019	$3,633,473	$3,019,070	$8,450,432	$614,403
2018	$3,242,453	$3,271,478	$9,281,636	$-29,025