AMERICAN PYROTECHNICS ASSOCIATION INC (EIN 520692208) - 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

1948

Legal Domicile

Principal Officer

JULIE L HECKMAN

Phone

3019078181

Tax Period

2025-01-01 to 2025-12-31

AMERICAN PYROTECHNICS ASSOCIATION INC, founded in 1948, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 6% surplus.

Mission

THE ASSOCIATION IS ORGANIZED TO REPRESENT MANUFACTURERS, DISTRIBUTORS, RETAILERS, SUPPLIERS, AND IMPORTERS IN THE U.S. FIREWORKS INDUSTRY; TO ENCOURAGE SAFETY IN DESIGN AND USE OF FIREWORKS; TO PROVIDE INFORMATION AND SUPPORT TO THE INDUSTRY AND TO PROMOTE RESPONSIBLE REGULATION OF FIREWORKS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,508,719

Investment Income $53,394

Other Revenue $0

TOTAL REVENUE $1,562,113

Expense Breakdown

Grants Paid $21,850

Salaries & Benefits $404,250

Fundraising Expenses $0

Other Expenses $1,045,637

TOTAL EXPENSES $1,471,737

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,562,113	$1,409,535	+0.1%
Expenses	$1,471,737	$1,300,725	+0.1%
Net Income	$90,376	$108,810	-0.2%

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

110

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

$265,683

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE L HECKMAN	EXECUTIVE DI	40.00	Officer	$233,753	$31,930	$265,683
IAN GILFILLAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN PANTHER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
STEPHEN PELKEY	TREASURER	2.00	Officer Director	$0	$0	$0
KENNETH SPRAGUE	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL INGRAM	1ST PAST PRE	2.00	Director	$0	$0	$0
MICHAEL CARTOLANO	2ND PAST PRE	2.00	Director	$0	$0	$0
ANTHONY BURNS	DIRECTOR	1.00	Director	$0	$0	$0
HERB CHAN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN COLLAR	DIRECTOR	1.00	Director	$0	$0	$0
CHESTER DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FOTI	DIRECTOR	1.00	Director	$0	$0	$0
PHIL GRUCCI	DIRECTOR	1.00	Director	$0	$0	$0
JOE ROZZI	DIRECTOR	1.00	Director	$0	$0	$0
JASON TROUT	DIRECTOR	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
2025	$1,562,113	$1,471,737	$1,505,113	$90,376
2024	$1,409,535	$1,300,725	$1,440,119	$108,810
2023	$1,339,913	$1,133,043	$1,330,068	$206,870
2022	$1,124,586	$989,073	$1,132,285	$135,513
2021	$1,004,974	$790,880	$989,782	$214,094
2020	$971,817	$785,380	$727,908	$186,437
2019	$1,191,978	$1,102,969	$540,845	$89,009
2018	$1,144,461	$1,010,110	$451,835	$134,351

AMERICAN PYROTECHNICS ASSOCIATION INC