National Aeronautic Association Inc

EIN: 530196615 501(c)(3)

Arlington, VA

Total Revenue
$1,006,131
Total Expenses
$1,180,191
Total Assets
$1,153,997
Net Assets
$1,063,861
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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
CT
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

To advance the art, sport, and science of aviation and space flight by fostering opportunities to participate fully in the aviation activities and by promoting public understanding of the importance of aviation and space flight in the United States.

Program Service Accomplishments

Program 1
Expenses: $365,140 Revenue: $161,250

Contests and records: Coordination and certification of all aviation and space records in the United States.

Program 2
Expenses: $355,376 Revenue: $165,100

Membership: Services for individual members and corporate, affiliate, air sport, and aero club organizational members including educational and networking opportunities, member publications, sporting...

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Membership: Services for individual members and corporate, affiliate, air sport, and aero club organizational members including educational and networking opportunities, member publications, sporting licenses, and promotion of air sports in the United States.

Program 3
Expenses: $247,588 Revenue: $202,583

Awards and events: Identification and ceremonial recognition of those who have contributed to the art, sport, and science of aviation and space flight through many of the oldest and most prestigious...

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Awards and events: Identification and ceremonial recognition of those who have contributed to the art, sport, and science of aviation and space flight through many of the oldest and most prestigious awards and trophies given in the aerospace industry.

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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 $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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Governance

Voting Members
47
Independent Members
44
Employees
6
Volunteers
47

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
$313,660
Total Directors
48
$440,860
Key Employees
0
$0
Highest Compensated
0
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
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