ARLINGTON, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AIR & SPACE FORCES ASSOCIATION, founded in 1956, is a mid-sized nonprofit in the Education sector that reported $31.5M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $27.6M left a modest 12% surplus.
THE AIR & SPACE FORCES ASSOCIATION (AFA) IS A NONPROFIT, INDEPENDENT, PROFESSIONAL MILITARY, AND AEROSPACE EDUCATION ASSOCIATION. THE ASSOCIATION'S MISSION IS TO PROMOTE DOMINANT U.S. AIR AND SPACE FORCES AS THE FOUNDATION OF A STRONG NATIONAL DEFENSE; TO HONOR AND SUPPORT OUR AIRMEN, GUARDIANS, AND THEIR FAMILIES; AND TO REMEMBER AND RESPECT OUR ENDURING HERITAGE.
CONFERENCE, SYMPOSIUM, EVENT:AFA HOSTS MAJOR NATIONAL EVENTS TO FACILITATE ETHICAL DIALOG AMONG SENIOR GOVERNMENT AND MILITARY OFFICIALS, AEROSPACE AND OTHER INDUSTRY LEADERS, AIRMEN, GUARDIANS...
CONFERENCE, SYMPOSIUM, EVENT:AFA HOSTS MAJOR NATIONAL EVENTS TO FACILITATE ETHICAL DIALOG AMONG SENIOR GOVERNMENT AND MILITARY OFFICIALS, AEROSPACE AND OTHER INDUSTRY LEADERS, AIRMEN, GUARDIANS, MEDIA REPRESENTATIVES, EDUCATORS, AND INTERESTED MEMBERS OF THE PUBLIC AND TO PROMOTE INNOVATION, EDUCATION, AND PROFESSIONAL DEVELOPMENT. AFA'S AIR, SPACE & CYBER CONFERENCE IS OUR LARGEST ANNUAL EVENT WITH OVER 22,000 REGISTRANTS IN 2024.
THE MITCHELL INSTITUTE FOR AEROSPACE STUDIES:THE MITCHELL INSTITUTE FOR AEROSPACE STUDIES HARNESSES SEASONED TALENT TO POSITIVELY INFLUENCE THE NATIONAL SECURITY DEBATE BY COGENTLY ARTICULATING HOW...
THE MITCHELL INSTITUTE FOR AEROSPACE STUDIES:THE MITCHELL INSTITUTE FOR AEROSPACE STUDIES HARNESSES SEASONED TALENT TO POSITIVELY INFLUENCE THE NATIONAL SECURITY DEBATE BY COGENTLY ARTICULATING HOW THE DOMAINS OF AIR, SPACE, AND CYBER CAN PRUDENTLY ADVANCE THE NATION'S INTERESTS WITHOUT PROJECTING UNDUE LIABILITY AND VULNERABILITY. PRODUCTS INCLUDE SCHOLARLY REPORTS, BRIEFINGS AND VARIOUS OP-EDS TO HELP DEFENSE POLICY PRACTITIONERS, POLICY EXPERTS, AIRPOWER ENTHUSIASTS AND THE GENERAL PUBLIC BETTER UNDERSTAND SPECIFIC TOPICS OF INTEREST.RESTRICTED MITCHELL INSTITUTE CONTRIBUTIONS TOTALED $4,624,198. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS,
AIR & SPACE FORCES MAGAZINE:AFA'S AIR & SPACE FORCES MAGAZINE, ALONG WITH ITS DAILY REPORT E-MAIL NEWSLETTER, FOCUSES ON NEWS ABOUT AIR FORCE AND SPACE FORCE PEOPLE, MISSIONS, POLICY, TECHNOLOGY, AND...
AIR & SPACE FORCES MAGAZINE:AFA'S AIR & SPACE FORCES MAGAZINE, ALONG WITH ITS DAILY REPORT E-MAIL NEWSLETTER, FOCUSES ON NEWS ABOUT AIR FORCE AND SPACE FORCE PEOPLE, MISSIONS, POLICY, TECHNOLOGY, AND DEVELOPMENTS, AND ALSO HIGHLIGHTS INSIGHTS ABOUT THE HISTORY AND HERITAGE OF AIR AND SPACE POWER IN THE UNITED STATES. THE ANNUAL AIR FORCE & SPACE FORCE ALMANAC IS A COMPREHENSIVE COMPENDIUM OF AIR & SPACE FORCE FACTS AND FIGURES, FROM PERSONNEL INFORMATION TO HISTORICAL BUDGET AND SPENDING DATA. IT FEATURES DETAILS ON EVERY AIR FORCE AND SPACE FORCE INSTALLATION AND PROFILES OF MAJOR AIRCRAFT, SPACECRAFT, AND WEAPON SYSTEMS.
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 | $31,493,812 | $41,249,058 | -0.2% |
| Expenses | $27,603,634 | $25,567,774 | +0.1% |
| Net Income | $3,890,178 | $15,681,284 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| DAVID DEPTULA | DEAN, MITCHELL INSTITUTE | 39.75 |
Key Emp
|
$499,284 | $33,095 | $532,379 |
| DOUGLAS RAABERG | EXECUTIVE VICE PRESIDENT | 39.75 |
Officer
|
$369,747 | $34,995 | $404,742 |
| BURTON M FIELD | PRESIDENT & CEO AS OF 04/2024 | 39.75 |
Officer
|
$323,215 | $25,158 | $348,373 |
| JOSEPH STANGL | CHIEF FINANCIAL OFFICER | 39.75 |
Officer
|
$264,530 | $41,207 | $305,737 |
| DOUG BIRKEY | EXEC DIR., MITCHELL INSTITUTE | 39.75 |
Highest
|
$248,457 | $32,183 | $280,640 |
| WILLIAM CASTLE | VP, LEGISLATIVE AFFAIRS | 39.75 |
Highest
|
$248,142 | $25,024 | $273,166 |
| ROBERT CLAPPER | CHIEF DEVELOPMENT OFFICER | 39.75 |
Key Emp
|
$237,402 | $31,714 | $269,116 |
| HEATHER PENNEY | SENIOR RESIDENT FELLOW | 39.75 |
Highest
|
$229,124 | $34,757 | $263,881 |
| TOBIAS NAEGELE | EDITOR IN CHIEF/VP STRATEGIC COMM | 39.75 |
Key Emp
|
$227,232 | $43,928 | $271,160 |
| AMANDA GRANDEL | VICE PRESIDENT STRATEGIC EVENTS | 39.75 |
Highest
|
$219,721 | $21,969 | $241,690 |
| CHARLES GALBREATH | SR. FELLOW SPACE STUDIES, MITCHELL INSTITUE | 39.75 |
Highest
|
$210,969 | $21,629 | $232,598 |
| BRUCE A WRIGHT | PRESIDENT & CEO UNTIL 03/2024 | 39.75 |
Officer
|
$88,285 | $8,408 | $96,693 |
| BERNIE SKOCH | CHAIRMAN OF THE BOARD | 27.75 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS CANADA | VICE CHAIRMAN OF THE BOARD | 22.75 |
Officer
Director
|
$0 | $0 | $0 |
| STEPHEN GOURLEY | VC OF THE BOARD UNTIL 09/2024 | 17.75 |
Officer
Director
|
$0 | $0 | $0 |
| GARY COPSEY | VICE CHAIRMAN OF THE BOARD | 22.75 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL LIQUORI | SECRETARY UNTIL 09/2024 | 12.75 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL HENDRICKS | SECRETARY AS OF 10/2024 | 3.75 |
Officer
Director
|
$0 | $0 | $0 |
| CHUCK MARTIN | TREASURER | 10.75 |
Officer
Director
|
$0 | $0 | $0 |
| JACKIE TROTTER | NATIONAL DIR. AT LARGE UNTIL 09/2024 | 3.75 |
Director
|
$0 | $0 | $0 |
| DOUG SLOCUM | NATIONAL DIRECTOR AT LARGE | 3.75 |
Director
|
$0 | $0 | $0 |
| TODD FREECE | NATIONAL DIRECTOR AT LARGE | 3.75 |
Director
|
$0 | $0 | $0 |
| MARK L TARPLEY | NATIONAL DIR. AT LARGE UNTIL 09/2024 | 3.75 |
Director
|
$0 | $0 | $0 |
| DAN OHNESORGE | NATIONAL DIRECTOR AT LARGE | 3.75 |
Director
|
$0 | $0 | $0 |
| GABBE KEARNEY | NATIONAL DIRECTOR AT LARGE | 3.75 |
Director
|
$0 | $0 | $0 |
| PAUL HENDRICKS | NATIONAL DIR. AT LARGE UNTIL 09/2024 | 3.75 |
Director
|
$0 | $0 | $0 |
| ROBIN RAND | NATIONAL DIRECTOR AT LARGE | 3.75 |
Director
|
$0 | $0 | $0 |
| BILL HARDING | NATIONAL DIRECTOR AT LARGE | 3.75 |
Director
|
$0 | $0 | $0 |
| JANELLE STAFFORD | NATIONAL DIRECTOR CENTRAL | 3.75 |
Director
|
$0 | $0 | $0 |
| BOBI OATES | NATIONAL DIRECTOR WEST AREA | 3.75 |
Director
|
$0 | $0 | $0 |
| THOMAS DEALE | NATIONAL DIRECTOR APPOINTED | 3.75 |
Director
|
$0 | $0 | $0 |
| KATHLEEN FERGUSON | NATIONAL DIRECTOR APPOINTED | 3.75 |
Director
|
$0 | $0 | $0 |
| DESRAINN STEVENS-BOUDI | NATIONAL DIRECTOR APPOINTED | 3.75 |
Director
|
$0 | $0 | $0 |
| DAVID GOLDFEIN | ARMED FORCE DIRECTOR | 3.75 |
Director
|
$0 | $0 | $0 |
| JOANNE BASS | ARMED FORCE DIRECTOR AS OF 09/2024 | 3.75 |
Director
|
$0 | $0 | $0 |
| ROGER TOWBERMAN | ARMED FORCE DIRECTOR AS OF 09/2024 | 3.75 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $31,493,812 | $27,603,634 | $78,090,714 | $3,890,178 |
| 2023 | $41,249,058 | $25,567,774 | $60,550,737 | $15,681,284 |
| 2022 | $22,788,524 | $22,797,225 | $44,733,276 | $-8,701 |
| 2020 | $19,163,734 | $14,719,205 | $41,846,008 | $4,444,529 |
| 2019 | $20,748,056 | $18,582,935 | $35,952,203 | $2,165,121 |
| 2018 | $16,554,355 | $16,452,887 | $32,088,463 | $101,468 |
Compare AIR & SPACE FORCES ASSOCIATION with other nonprofits in Virginia and across the country.