MID-ATLANTIC AEROSPACE COMPLEX INC

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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

1994

Legal Domicile

Principal Officer

TRACY MILLER

Phone

3048429415

Tax Period

2024-07-01 to 2025-06-30

MID-ATLANTIC AEROSPACE COMPLEX INC, founded in 1994, is a micro nonprofit that reported $579K in total revenue in fiscal year 2024. Revenue fell 259% from the prior year — a significant decline worth monitoring.

Mission

MAAC'S MISSION IS TO PROMOTE AND ASSIST DEVELOPMENT OF THE AERONAUTICS INDUSTRY AND RELATED BUSINESS AND ECONOMIC INDUSTRIES AND BUSINESS GROWTH IN WEST VIRGINIA, INCLUDING THE NORTH CENTRAL WEST VIRGINIA AIRPORT.

Program Service Accomplishments

Program 1

Expenses: $218,127

TO PROMOTE AND ASSIST DEVELOPMENT OF THE AERONAUTICS INDUSTRY AND RELATED BUSINESS AND ECONOMIC INDUSTRIES AND BUSINESS GROWTH IN WEST VIRGINIA, INCLUDING THE NORTH CENTRAL WEST VIRGINIA AIRPORT

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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 $500

Program Service Revenue $0

Investment Income $-799,648

Other Revenue $219,889

TOTAL REVENUE $-579,259

Expense Breakdown

Grants Paid $500

Salaries & Benefits $132,236

Fundraising Expenses $0

Program Expenses $218,127

Other Expenses $139,800

TOTAL EXPENSES $272,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-579,259	$363,545	-2.6%
Expenses	$272,536	$222,996	+0.2%
Net Income	$-851,795	$140,549	-7.1%

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

$112,488

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY LANG	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN A LASCH III	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ESTEP	DIRECTOR	1.00	Director	$0	$0	$0
AMY HABERBOSCH WILSON	DIRECTOR	1.00	Director	$0	$0	$0
TIM STOUT	DIRECTOR	1.00	Director	$0	$0	$0
TRACY MILLER	PRESIDENT/SECRETARY	40.00	Officer	$112,488	$0	$112,488

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
2025	$-579,259	$272,536	$2,999,497	$-851,795
2024	$363,545	$222,996	$3,942,483	$140,549
2023	$318,842	$216,711	$4,044,926	$102,131
2022	$281,584	$201,849	$4,160,654	$79,735
2021	$269,845	$201,557	$4,289,266	$68,288
2020	$258,989	$204,357	$4,430,896	$54,632
2019	$260,911	$203,837	$4,579,916	$57,074