REGIONAL AIRLINE ASSOCIATION (EIN 521039526) - 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

1975

Legal Domicile

Principal Officer

FAYE MALARKEY BLACK

Phone

2023671170

Tax Period

2023-01-01 to 2023-12-31

REGIONAL AIRLINE ASSOCIATION, founded in 1975, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO KEEP MEMBERS INFORMED OF NEW DEVELOPMENTS IN THE INDUSTRY AND SHARE BEST PRACTICES.

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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 $0

Program Service Revenue $2,788,914

Investment Income $16,627

Other Revenue $0

TOTAL REVENUE $2,805,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,428,634

Fundraising Expenses $0

Other Expenses $1,465,654

TOTAL EXPENSES $2,894,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,805,541	$2,320,198	+0.2%
Expenses	$2,894,288	$2,444,921	+0.2%
Net Income	$-88,747	$-124,723	-0.3%

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

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

$505,508

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP CHILDS	CHAIR	1.00	Officer Director	$0	$0	$0
DION FLANNERY	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
TIM KOMBEREC	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LINDA MARKHAM	TREASURER	1.00	Officer Director	$0	$0	$0
BRYAN BEDFORD	SECRETARY	1.00	Officer Director	$0	$0	$0
RICK LEACH	MEMBER AT LARGE	1.00	Director	$0	$0	$0
JIM GRAHAM	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ROBERT BINNS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
PEDRO FABREGAS	DIRECTOR	1.00	Director	$0	$0	$0
JASON BERRY	DIRECTOR AS OF SEPTEMBER	1.00	Director	$0	$0	$0
JONATHAN ORNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BENDOKAS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN ROSSUM	DIRECTOR	1.00	Director	$0	$0	$0
ROB MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HOEFLING	DIRECTOR	1.00	Director	$0	$0	$0
FAYE MALARKEY BLACK	PRESIDENT AND CEO	40.00	Officer	$451,615	$53,893	$505,508
WILLIAM JACOBY LEMOS	VP - GOVERNMENT & EXTERNAL AFFAIRS	40.00	Highest	$176,403	$9,021	$185,424
NOBUYO REINSCH SENIOR	VP - SAFETY & REGULATORY AFFAIRS	40.00	Highest	$169,813	$48,389	$218,202
JENNIFER IVERSEN DRAUGHON	VP - OPERATIONS & REGULATORY AFFAIRS	40.00	Highest	$156,311	$39,069	$195,380
RIC WILSON	DIRECTOR	1.00	Director	$0	$0	$0
JOE SPRAGUE	DIRECTOR UNTIL SEPTEMBER	1.00	Director	$0	$0	$0
STEVE LINTHWAITE	DIRECTOR UNTIL DECEMBER	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	$2,805,541	$2,894,288	$1,638,426	$-88,747
2022	$2,320,198	$2,444,921	$1,861,325	$-124,723
2021	$2,395,444	$1,990,768	$1,573,472	$404,676
2020	$1,461,608	$1,850,865	$1,436,480	$-389,257
2019	$2,742,484	$2,537,734	$1,606,358	$204,750
2018	$2,498,630	$2,492,436	$1,308,894	$6,194

REGIONAL AIRLINE ASSOCIATION