GAS TURBINE ASSOCIATION INC (EIN 541760523) - 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

1995

Legal Domicile

Principal Officer

RICHARD DENNIS

Phone

2143345882

Tax Period

2024-01-01 to 2024-12-31

GAS TURBINE ASSOCIATION INC, founded in 1995, is a small nonprofit that reported $135K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $153K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE GAS TURBINE ASSOCIATION (GTA)IS A MEMBERSHIP ORGANIZATION ESTABLISHED IN 1995 WITH A GOAL OF COMMUNICATING THE MESSAGE THAT GAS TURBINES ARE, AND WILL CONTINUE TO BE, A VITAL SOURCE OF POWER GENERATION IN THE UNITED STATES AND AROUND THE GLOBE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $134,542

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $134,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $153,201

TOTAL EXPENSES $153,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,542	$163,125	-0.2%
Expenses	$153,201	$172,633	-0.1%
Net Income	$-18,659	$-9,508	+1.0%

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

N/A

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD DENNIS	MANAGING DIRECTOR/SECRETARY	8.00	Officer	$30,000	$0	$30,000
CARLOS KOENEKE	BOARD MEMBER	0.00	Officer	$0	$0	$0
SEAN BRADSHAW	PRESIDENT	0.00	Director	$0	$0	$0
JONATHAN LI	BOARD MEMBER	0.00	Director	$0	$0	$0
DANIEL REITZ	VICE CHAIR	0.00	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	$134,542	$153,201	$200,111	$-18,659
2023	$163,125	$172,633	$241,270	$-9,508
2022	$171,000	$149,812	$223,278	$21,188
2021	$191,417	$107,720	$239,090	$83,697
2020	$121,000	$145,821	$93,393	$-24,821
2019	$149,000	$168,199	$124,214	$-19,199
2018	$143,000	$144,296	$172,413	$-1,296

GAS TURBINE ASSOCIATION INC