National Aeronautic Association Inc (EIN 530196615) - Form 990 Financial Analysis & Trantor Score

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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

1922

Legal Domicile

Principal Officer

Amy Spowart

Phone

7034164888

Tax Period

2023-01-01 to 2023-12-31

National Aeronautic Association Inc, founded in 1922, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

Dedicated to the advancement of the art, sport, and science of aviation in the United States.

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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 $424,235

Program Service Revenue $528,933

Investment Income $2,836

Other Revenue $50,127

TOTAL REVENUE $1,006,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $593,869

Fundraising Expenses $0

Program Expenses $968,104

Other Expenses $586,322

TOTAL EXPENSES $1,180,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,006,131	$970,052	+0.0%
Expenses	$1,180,191	$1,011,722	+0.2%
Net Income	$-174,060	$-41,670	+3.2%

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

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

$313,660

Total Directors

$440,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Principato	President and CEO (1/23-9/23)	37.50	Officer Director	$251,121	$0	$251,121
Amy Spowart	President and CEO (9/23-12/23)	37.50	Officer Director	$62,539	$0	$62,539
Arthur Greenfield	Director of Contests & Rec	37.50	Director	$127,200	$0	$127,200
Jim Albaugh	Chairman	2.00	Officer Director	$0	$0	$0
Samantha Magill	Vice Chair	2.00	Officer Director	$0	$0	$0
Elizabeth Matarese	Secretary	1.00	Officer Director	$0	$0	$0
Ted Ellett	Counsel	2.00	Officer Director	$0	$0	$0
Nicole Alexander	Board Member	0.30	Director	$0	$0	$0
Che Bolden	Board Member	0.30	Director	$0	$0	$0
Pete Bunce	Board Member	0.30	Director	$0	$0	$0
Matt Byrd	Board Member	0.30	Director	$0	$0	$0
Leda Chong	Board Member	0.30	Director	$0	$0	$0
James Darcy	Board Member	0.30	Director	$0	$0	$0
Robert DeForge	Board Member	0.30	Director	$0	$0	$0
Jana Denning	Board Member	0.30	Director	$0	$0	$0
Angela Gittens	Board Member	0.30	Director	$0	$0	$0
Sierra Grimes	Board Member	0.30	Director	$0	$0	$0
Rich Hanson	Board Member	0.30	Director	$0	$0	$0
Chris Hart	Board Member	0.30	Director	$0	$0	$0
Duane Hawkins	Board Member	0.30	Director	$0	$0	$0
Dick Koenig	Board Member	0.30	Director	$0	$0	$0
Ben Kowalski	Board Member	0.30	Director	$0	$0	$0
John Langford	Board Member	0.30	Director	$0	$0	$0
Rebecca Lutte	Board Member	0.30	Director	$0	$0	$0
Charles Lyon	Board Member	0.30	Director	$0	$0	$0
Candace McGraw	Board Member	0.30	Director	$0	$0	$0
Brad McKeage	Board Member	0.30	Director	$0	$0	$0
Mary Miller	Board Member	0.30	Director	$0	$0	$0
Bill Morris	Board Member	0.30	Director	$0	$0	$0
Mary Claire Murphy	Board Member	0.30	Director	$0	$0	$0
Mark Ofsthun	Board Member	0.30	Director	$0	$0	$0
Ziad Ojakli	Board Member	0.30	Director	$0	$0	$0
Martin Palmaz	Board Member	0.30	Director	$0	$0	$0
Ken Panos	Board Member	0.30	Director	$0	$0	$0
Eric Pierce	Board Member	0.30	Director	$0	$0	$0
Pat Prentiss	Board Member	0.30	Director	$0	$0	$0
Skip Ringo	Board Member	0.30	Director	$0	$0	$0
Rolls-Royce	Board Member	0.30	Director	$0	$0	$0
Yvette Rose	Board Member	0.30	Director	$0	$0	$0
Stacy Rudser	Board Member	0.30	Director	$0	$0	$0
Bob Stangarone	Board Member	0.30	Director	$0	$0	$0
Tonya Sudduth	Board Member	0.30	Director	$0	$0	$0
Brad Thress	Board Member	0.30	Director	$0	$0	$0
Read Van de Water	Board Member	0.30	Director	$0	$0	$0
Anthony Velocci	Board Member	0.30	Director	$0	$0	$0
Patty Wagstall	Board Member	0.30	Director	$0	$0	$0
Carl Wolf	Board Member	0.30	Director	$0	$0	$0
Clyde Woltman	Board Member	0.30	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
2024	No data	No data	No data	No data
2023	$1,006,131	$1,180,191	$1,153,997	$-174,060
2022	$970,052	$1,011,722	$1,276,984	$-41,670
2021	$1,016,768	$977,824	$1,503,446	$38,944
2020	$974,773	$971,053	$1,439,432	$3,720
2019	$1,093,545	$1,106,931	$1,332,852	$-13,386
2018	$1,193,511	$1,079,066	$1,190,525	$114,445

National Aeronautic Association Inc