AEROSPACE INDUSTRIES ASSOCIATION

EIN: 530023710

ARLINGTON, VA

Total Revenue
$26,825,256
Total Expenses
$21,672,596
Total Assets
$35,784,371
Net Assets
$26,672,348
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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
NY
Principal Officer
KATHERINE NETTROUR
Phone
7033581000
Tax Period
2023-01-01 to 2023-12-31

AEROSPACE INDUSTRIES ASSOCIATION, founded in 1959, is a mid-sized nonprofit that reported $21.1M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $18.8M left a modest 11% surplus.

Mission

TO ADVOCATE FOR POLICIES AND INVESTMENTS THAT KEEP OUR COUNTRY STRONG, BOLSTER OUR CAPACITY TO INNOVATE, AND SPUR ECONOMIC GROWTH.

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Trantor Score

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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 $17,368,609
Investment Income $5,500,928
Other Revenue $3,955,719
TOTAL REVENUE $26,825,256

Expense Breakdown

Grants Paid $43,708
Salaries & Benefits $11,550,427
Fundraising Expenses $0
Other Expenses $10,078,461
TOTAL EXPENSES $21,672,596

Year-over-Year Comparison

2023 2022 Change
Revenue $26,825,256 $21,201,676 +0.3%
Expenses $21,672,596 $20,942,461 +0.0%
Net Income $5,152,660 $259,215 +18.9%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
66
Independent Members
65
Employees
75
Volunteers
86

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
6
$3,103,586
Total Directors
87
$1,543,131
Key Employees
2
$786,601
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC FANNING PRESIDENT & CEO 34.50
Officer Director
$1,475,128 $68,003 $1,543,131
THEODORE COLBERT III BOARD OF GOVERNORS CHAIR 1.50
Officer Director
$0 $0 $0
CHRISTOPHER KUBASIK BOARD OF GOVERNORS VICE CHAIR 1.50
Officer Director
$0 $0 $0
MARK ALETT BOARD MEMBER UNTIL DEC 2023 1.50
Director
$0 $0 $0
LEE ANNECCHINO BOARD MEMBER 1.50
Director
$0 $0 $0
THOMAS ARSENEAULT BOARD MEMBER 1.50
Director
$0 $0 $0
SIMON AZAR BOARD MEMBER UNTIL NOV 2023 1.50
Director
$0 $0 $0
DANIEL BASSANI BOARD MEMBER UNTIL FEB 2023 1.50
Director
$0 $0 $0
THOMAS BELL BOARD MEMBER 1.50
Director
$0 $0 $0
LINDSEY BERCKMAN BOARD MEMBER 1.50
Director
$0 $0 $0
CHIP BLANKENSHIP BOARD MEMBER 1.50
Director
$0 $0 $0
BRAD BOURNE BOARD MEMBER 1.50
Director
$0 $0 $0
KATHLEEN BOYLE BOARD MEMBER 1.50
Director
$0 $0 $0
BRUCE BRECKENRIDGE BOARD MEMBER UNTIL DEC 2023 1.50
Director
$0 $0 $0
HEATHER BULK BOARD MEMBER UNTIL DEC 2023 1.50
Director
$0 $0 $0
JADE BUNKE BOARD MEMBER UNTIL FEB 2023 1.50
Director
$0 $0 $0
MIKE CADENAZZI BOARD MEMBER 1.50
Director
$0 $0 $0
BRUCE CATHEL BOARD MEMBER UNTIL DEC 2023 1.50
Director
$0 $0 $0
MICHAEL CHANATRY BOARD MEMBER 1.50
Director
$0 $0 $0
PHILIPPE CHEVRIER BOARD MEMBER 1.50
Director
$0 $0 $0
JOHN COYKENDALL BOARD MEMBER UNTIL NOV 2023 1.50
Director
$0 $0 $0
THOMAS CROMWELL BOARD MEMBER UNTIL FEB 2023 1.50
Director
$0 $0 $0
DANIEL CROWLEY BOARD MEMBER UNTIL DEC 2023 1.50
Director
$0 $0 $0
JAMES CURRIER BOARD MEMBER 1.50
Director
$0 $0 $0
BRIAN CURTIN BOARD MEMBER 1.50
Director
$0 $0 $0
ERIC DEMARCO BOARD MEMBER 1.50
Director
$0 $0 $0
SCOTT DONNELLY BOARD MEMBER 1.50
Director
$0 $0 $0
EILEEN DRAKE BOARD MEMBER UNTIL NOV 2023 1.50
Director
$0 $0 $0
MARC DUVALL BOARD MEMBER 1.50
Director
$0 $0 $0
RODRIGO ELIZONDO BOARD MEMBER 1.50
Director
$0 $0 $0
KEVIN FLOOD BOARD MEMBER 1.50
Director
$0 $0 $0
TROY GERRY BOARD MEMBER 1.50
Director
$0 $0 $0
AMY GOWDER BOARD MEMBER 1.50
Director
$0 $0 $0
PETE GUNDERMANN BOARD MEMBER UNTIL MAY 2023 1.50
Director
$0 $0 $0
DORITH HAKIM BOARD MEMBER 1.50
Director
$0 $0 $0
SHARON HARDIE BOARD MEMBER 1.50
Director
$0 $0 $0
GREG HAYES BOARD MEMBER 1.50
Director
$0 $0 $0
VERN HEYER BOARD MEMBER 1.50
Director
$0 $0 $0
DAN HICKEY BOARD MEMBER 1.50
Director
$0 $0 $0
JOHN HIGGS BOARD MEMBER 1.50
Director
$0 $0 $0
JOHN HOLMES BOARD MEMBER 1.50
Director
$0 $0 $0
RAANAN HOROWITZ BOARD MEMBER 1.50
Director
$0 $0 $0
KARL HUTTER BOARD MEMBER 1.50
Director
$0 $0 $0
MIKE KAHN BOARD MEMBER 1.50
Director
$0 $0 $0
CHRISTOPHER KASTNER BOARD MEMBER 1.50
Director
$0 $0 $0
DAVID KAUFMAN BOARD MEMBER 1.50
Director
$0 $0 $0
STEVE KITAY BOARD MEMBER UNTIL AUG 2023 1.50
Director
$0 $0 $0
DAN KOENIGSFELD BOARD MEMBER 1.50
Director
$0 $0 $0
DAN KORTE BOARD MEMBER UNTIL DEC 2023 1.50
Director
$0 $0 $0
ROGER KRONE BOARD MEMBER UNTIL MAY 2023 1.50
Director
$0 $0 $0
NANDA KUMAR BOARD MEMBER 1.50
Director
$0 $0 $0
LANCE KWASNIEWSKI BOARD MEMBER 1.50
Director
$0 $0 $0
MARK LEE BOARD MEMBER 1.50
Director
$0 $0 $0
CARMELO LO FARO BOARD MEMBER UNTIL AUG 2023 1.50
Director
$0 $0 $0
MIKE MADSEN BOARD MEMBER UNTIL AUG 2023 1.50
Director
$0 $0 $0
GREG MALLORY BOARD MEMBER 1.50
Director
$0 $0 $0
PATRICK MAROTTA BOARD MEMBER 1.50
Director
$0 $0 $0
MICHAEL MCGUIRE BOARD MEMBER 1.50
Director
$0 $0 $0
ERIC MENDELSON BOARD MEMBER 1.50
Director
$0 $0 $0
RICK NAGEL BOARD MEMBER 1.50
Director
$0 $0 $0
WAHID NAWABI BOARD MEMBER 1.50
Director
$0 $0 $0
PHEBE NOVAKOVIC BOARD MEMBER 1.50
Director
$0 $0 $0
STEPHEN OSWALD BOARD MEMBER 1.50
Director
$0 $0 $0
FATIH OZMEN BOARD MEMBER 1.50
Director
$0 $0 $0
FRANK PERRYMAN BOARD MEMBER 1.50
Director
$0 $0 $0
JOHN PRITCHARD BOARD MEMBER 1.50
Director
$0 $0 $0
RAM RAMAN BOARD MEMBER UNTIL MAY 2023 1.50
Director
$0 $0 $0
NICOLAS RE BOARD MEMBER 1.50
Director
$0 $0 $0
DAVID REESE BOARD MEMBER UNTIL NOV 2023 1.50
Director
$0 $0 $0
ADAM RIDDLE BOARD MEMBER 1.50
Director
$0 $0 $0
BART ROPER BOARD MEMBER 1.50
Director
$0 $0 $0
JEFF SCHLARBAUM BOARD MEMBER 1.50
Director
$0 $0 $0
JOHN SCHMIDT BOARD MEMBER 1.50
Director
$0 $0 $0
PAT SHANAHAN BOARD MEMBER 1.50
Director
$0 $0 $0
RAJ SHANKAR BOARD MEMBER 1.50
Director
$0 $0 $0
ROGER SHERRARD BOARD MEMBER 1.50
Director
$0 $0 $0
ANNE SHYBUNKO-MOORE BOARD MEMBER 1.50
Director
$0 $0 $0
JASMEET SINGH BOARD MEMBER 1.50
Director
$0 $0 $0
JOHN SLATTERY BOARD MEMBER UNTIL FEB 2023 1.50
Director
$0 $0 $0
ELISABETH SMITH BOARD MEMBER 1.50
Director
$0 $0 $0
NICK STANAGE BOARD MEMBER UNTIL NOV 2023 1.50
Director
$0 $0 $0
ED SWALLOW BOARD MEMBER 1.50
Director
$0 $0 $0
SAM SWARO BOARD MEMBER 1.50
Director
$0 $0 $0
IAN WALSH BOARD MEMBER 1.50
Director
$0 $0 $0
KATHY WARDEN BOARD MEMBER 1.50
Director
$0 $0 $0
BOB WETHERBEE BOARD MEMBER 1.50
Director
$0 $0 $0
DAVID WIREMAN BOARD MEMBER 1.50
Director
$0 $0 $0
KATHERINE NETTROUR VP FINANCE & TREASURER 37.50
Officer
$312,729 $17,864 $330,593
PETER PROWITT COO 36.50
Officer
$775,224 $35,004 $810,228
SARAVANAN SHANMUGANATHAN SVP, POLICY; SECRETARY 36.50
Officer
$366,407 $53,227 $419,634
ALISON LYNN VP, COMMUNICATIONS 37.50
Key Emp
$357,505 $42,760 $400,265
BENJAMIN STONE SVP, OPERATIONS 37.50
Key Emp
$340,318 $46,018 $386,336
DEREK HARDWICK VP, INTERNATIONAL AFFAIRS 37.50
Highest
$259,500 $15,463 $274,963
JOHN LUDDY VP NAT'L SECURITY POLICY UNTIL 9/2023 37.50
Highest
$302,604 $40,690 $343,294
LORENZO WILLIAMS SR DIR ACQUISITION & NAT'L SECURITY POLICY 37.50
Highest
$216,974 $32,628 $249,602
MICHAEL FRENCH VP, SPACE SYSTEMS 37.50
Highest
$362,574 $22,594 $385,168
MONIKA NIELSEN VP, CORPORATE EVENTS 37.50
Highest
$229,937 $40,443 $270,380
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 $26,825,256 $21,672,596 $35,784,371 $5,152,660
2022 $21,201,676 $20,942,461 $34,937,526 $259,215
2021 $18,520,879 $16,274,015 $34,239,387 $2,246,864
2020 $15,953,171 $15,471,633 $31,758,865 $481,538
2019 $22,228,745 $21,147,944 $28,649,100 $1,080,801
2018 $21,072,938 $18,839,374 $26,671,076 $2,233,564
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