National Business Aviation Associa… - Form 990 Financial Data

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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

1947

Legal Domicile

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.

Program Service Accomplishments

Program 1

NBAA'S BUSINESS AVIATION CONVENTION AND EXHIBITION (NBAA-BACE) PROVIDES AN UNSURPASSED OPPORTUNITY FOR THE SHOW'S 20,000 ATTENDEES TO VIEW THE LARGEST DISPLAY OF BUSINESS AVIATION EXHIBITS IN THE...

NBAA'S BUSINESS AVIATION CONVENTION AND EXHIBITION (NBAA-BACE) PROVIDES AN UNSURPASSED OPPORTUNITY FOR THE SHOW'S 20,000 ATTENDEES TO VIEW THE LARGEST DISPLAY OF BUSINESS AVIATION EXHIBITS IN THE WORLD AND ATTEND A SERIES OF FORUMS FOR INFORMATION SHARING AND NETWORKING WITH PEERS. THIS GATHERING OF BUSINESS AVIATION PROFESSIONALS, IN WHICH BUSINESS AIRCRAFT MANAGEMENT, OPERATIONS, MAINTENANCE, BUDGETING AND PRODUCTS ARE COVERED EXHAUSTIVELY, IS THE SINGLE-MOST IMPORTANT BUSINESS AVIATION EVENT OF THE YEAR.

Program 2

EBACE, JOINTLY HOSTED EACH YEAR BY THE EUROPEAN BUSINESS AVIATION ASSOCIATION (EBAA), THE LEADING ASSOCIATION FOR BUSINESS AVIATION IN EUROPE, AND THE NATIONAL BUSINESS AVIATION ASSOCIATION (NBAA)...

EBACE, JOINTLY HOSTED EACH YEAR BY THE EUROPEAN BUSINESS AVIATION ASSOCIATION (EBAA), THE LEADING ASSOCIATION FOR BUSINESS AVIATION IN EUROPE, AND THE NATIONAL BUSINESS AVIATION ASSOCIATION (NBAA), THE LEADING VOICE FOR THE BUSINESS AVIATION INDUSTRY IN THE UNITED STATES, IS THE PREMIER ANNUAL MEETING PLACE FOR THE EUROPEAN BUSINESS AVIATION COMMUNITY. THIS THREE-DAY EVENT FEATURES EXHIBITS, A LARGE DISPLAY OF AIRCRAFT, AND A FULL PROGRAM OF EDUCATION.

Program 3

CONFERENCE AND SEMINAR PROGRAMS. THE ASSOCIATION OFFERS A COMPREHENSIVE PROGRAM OF INFORMATION SEMINARS, CONFERENCES AND WORKSHOPS FOR FLIGHT DEPARTMENT PERSONNEL. ALL JOB FUNCTIONS, INCLUDING...

CONFERENCE AND SEMINAR PROGRAMS. THE ASSOCIATION OFFERS A COMPREHENSIVE PROGRAM OF INFORMATION SEMINARS, CONFERENCES AND WORKSHOPS FOR FLIGHT DEPARTMENT PERSONNEL. ALL JOB FUNCTIONS, INCLUDING SCHEDULERS, DISPATCHERS, FLIGHT ATTENDANTS, MAINTENANCE MANAGERS, TECHNICIANS, CHIEF PILOTS AND AVIATION DEPARTMENT MANAGERS ARE COVERED. THE CONFERENCES AND SEMINARS ADDRESS CURRENT INDUSTRY TRENDS AND ISSUES AS WELL AS BASIC HANDS-ON INFORMATION FOR THE SUCCESSFUL DAY-TO-DAY OPERATION OF A COMPANY'S FLIGHT DEPARTMENT.

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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 $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

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

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

$2,680,594

Total Directors

$2,386,013

Key Employees

$3,606,164

Highest Compensated

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

National Business Aviation Association Inc