WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INTERNATIONAL ASSOCIATION OF AIRPORT DUTY FREE STORES, founded in 1966, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 12% operating deficit.
TO PROMOTE THE DUTY FREE AND TRAVEL RETAIL INDUSTRY AS AN IMPORTANT SEGMENT OF THE INTERNATIONAL BUSINESS COMMUNITY; PROVIDE ACTIVITIES WHEREBY OPERATORS OF DUTY FREE AND TRAVEL RETAIL CONCESSIONS AND THEIR SUPPLIERS CAN EXCHANGE INFORMATION ON PRODUCTS AND THEIR MARKET POTENTIAL; AND SERVE AS A COLLECTIVE VOICE IN REPRESENTING THE DUTY FREE AND TRAVEL RETAIL INDUSTRY ON COMMON ISSUES AFFECTING THE MEMBERSHIP.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,039,543 | $1,218,408 | -0.1% |
| Expenses | $1,161,789 | $1,225,014 | -0.1% |
| Net Income | $-122,246 | $-6,606 | +17.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RENE RIEDI | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERASMO ORILLAC | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL HALPERN | TREASURER & SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIA SEVE | DIRECTOR UNTIL JANUARY 2025 | 1.00 |
Director
|
$0 | $0 | $0 |
| PETRINA KHO | DIRECTOR AS OF JANUARY 2025 | 1.00 |
Director
|
$0 | $0 | $0 |
| NUNO DO AMARAL | DIRECTOR UNTIL JUNE 2025 | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK MARIANI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA BAUER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FELIPE GRANT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JORDI MARTIN-CONSUEGRA | DIRECTOR AS OF MAY 2025 | 1.00 |
Director
|
$0 | $0 | $0 |
| MARKUS SUTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG FORD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAT MOLLOY | DIRECTOR AS OF DECEMBER 2024 | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL PAYNE | PRESIDENT AND CEO | 20.00 |
Officer
|
$0 | $0 | $0 |
| STEVEN ANTOLICK | EXECUTIVE DIRECTOR | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,039,543 | $1,161,789 | $2,403,074 | $-122,246 |
| 2024 | $1,218,408 | $1,225,014 | $2,531,167 | $-6,606 |
| 2023 | $1,046,701 | $1,266,441 | $2,523,446 | $-219,740 |
| 2022 | $642,959 | $943,852 | $2,781,821 | $-300,893 |
| 2021 | $176,364 | $652,904 | $3,150,720 | $-476,540 |
| 2020 | $143,770 | $937,523 | $3,759,461 | $-793,753 |
| 2019 | $1,757,500 | $1,940,231 | $4,728,083 | $-182,731 |
| 2018 | $1,888,338 | $2,072,456 | $4,990,079 | $-184,118 |
Compare INTERNATIONAL ASSOCIATION OF AIRPORT DUTY FREE STORES with other nonprofits in District of Columbia and across the country.