National Business Aviation Association Inc

EIN: 521633654

WASHINGTON, DC

Total Revenue
$40,877,083
Total Expenses
$44,119,786
Total Assets
$54,250,495
Net Assets
$21,640,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
DC
Principal Officer
EDWARD M BOLEN
Phone
2027839000
Tax Period
2023-07-01 to 2024-06-30

National Business Aviation Association Inc, founded in 1947, is a mid-sized nonprofit that reported $40.9M in total revenue in fiscal year 2023.

Mission

TO FOSTER AN ENVIRONMENT THAT ALLOWS BUSINESS AVIATION TO THRIVE IN THE UNITED STATES AND AROUND THE WORLD.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $38,667,870
Investment Income $809,822
Other Revenue $1,399,391
TOTAL REVENUE $40,877,083

Expense Breakdown

Grants Paid $408,715
Salaries & Benefits $16,339,390
Fundraising Expenses $0
Other Expenses $27,371,681
TOTAL EXPENSES $44,119,786

Year-over-Year Comparison

2023 2022 Change
Revenue $40,877,083 $41,691,779 0.0%
Expenses $44,119,786 $42,238,518 +0.0%
Net Income $-3,242,703 $-546,739 +4.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
88
Volunteers
600

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
4
$2,680,594
Total Directors
15
$2,386,013
Key Employees
8
$3,606,164
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD M BOLEN PRESIDENT/CEO/DIRECTOR 50.0
Officer Director
$2,292,137 $93,876 $2,386,013
CHRISTOPHER ROCHELEAU CHIEF OPERATING OFFICER 50.0
Key Emp
$545,736 $37,545 $583,281
DANIEL HUBBARD SR VP COMMUNICATIONS 50.0
Key Emp
$456,673 $65,543 $522,216
MARC FREEMAN CFO 50.0
Key Emp
$455,189 $65,635 $520,824
KRISTINE GRECO JOHNSON SR VP GOVERNMENT AFFAIRS 50.0
Key Emp
$473,911 $34,693 $508,604
ANDREW BROOM SR VP STRATEGY AND INNOVATION 50.0
Key Emp
$427,111 $61,135 $488,246
DOUGLAS CARR SR VP SAFETY & INT'L AFFAIRS 50.0
Highest
$407,388 $62,777 $470,165
TODD WORMINGTON CHIEF TECHNOLOGY OFFICER 50.0
Highest
$337,619 $60,045 $397,664
ANNEMARIE OXMAN CHIEF PEOPLE OFFICER 50.0
Highest
$335,126 $56,456 $391,582
JOANNE DAMATO SENIOR VP EDUCATION & TRAINING 50.0
Key Emp
$292,663 $65,029 $357,692
CHRISTOPHER STRONG SR VP GOVERNMENT AFFAIRS 50.0
Key Emp
$290,801 $41,212 $332,013
STEVEN BROWN CHIEF OPERATING OFFICER 50.0
$302,957 $21,207 $324,164
BENJAMIN SCHWALEN GENERAL COUNSEL/CORP SECRETARY 50.0
Officer
$241,503 $53,078 $294,581
LAURIE LUTZ SENIOR VP EVENTS 50.0
Key Emp
$255,919 $37,369 $293,288
DINA GREEN CHIEF OF STAFF 50.0
Highest
$242,416 $39,507 $281,923
MARY MARGO DEMARK SENIOR MANAGER, MEMBERSHIP 50.0
Highest
$242,255 $32,359 $274,614
JOHN WITZIG BOARD CHAIR AND DIRECTOR 1.0
Officer Director
$0 $0 $0
SEAN LEE VICE CHAIR/TREASURER/DIRECTOR 1.0
Officer Director
$0 $0 $0
JENNIFER ALESSIO DIRECTOR 1.0
Director
$0 $0 $0
BILL AYER DIRECTOR 1.0
Director
$0 $0 $0
MATT BYRD DIRECTOR 1.0
Director
$0 $0 $0
SHELLY DEZEVALLOS DIRECTOR 1.0
Director
$0 $0 $0
BILL DOLNY DIRECTOR 1.0
Director
$0 $0 $0
ELIZABETH DORNAK DIRECTOR 1.0
Director
$0 $0 $0
KALI HAGUE DIRECTOR (THRU 24) 1.0
Director
$0 $0 $0
MARK MCINTYRE DIRECTOR 1.0
Director
$0 $0 $0
CHARLES PRECOURT DIRECTOR 1.0
Director
$0 $0 $0
JIM SCHWERTNER JR DIRECTOR 1.0
Director
$0 $0 $0
RICH WALSH DIRECTOR 1.0
Director
$0 $0 $0
TYSON WEIHS DIRECTOR 1.0
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 No data No data No data No data
2024 $40,877,083 $44,119,786 $54,250,495 $-3,242,703
2023 $41,691,779 $42,238,518 $52,324,613 $-546,739
2022 $35,013,449 $37,351,406 $41,505,986 $-2,337,957
2021 $30,494,446 $24,411,899 $51,356,982 $6,082,547
2020 $32,676,878 $37,313,118 $40,393,642 $-4,636,240
2019 $47,166,794 $45,359,587 $52,335,971 $1,807,207
2018 $47,185,184 $47,989,833 $50,220,228 $-804,649
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