NORTH CAROLINA AIRPORTS ASSOCIATION

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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

1986

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

NORTH CAROLINA AIRPORTS ASSOCIATION, founded in 1986, is a small nonprofit that reported $448K in total revenue in fiscal year 2023. Expenses of $398K left a modest 11% surplus.

Mission

CONDUCT CONFERENCES AND SEMINARS TO FURTHER EDUCATE APPROXIMATELY 250 MEMBERS AND 150 AFFILIATE MEMBERS IN AIRPORT MANAGEMENT

Program Service Accomplishments

Program 1

Expenses: $372,349 Revenue: $388,203

CONDUCT CONFERENCES AND SEMINARS TO FURTHER EDUCATE APPROXIMATELY 250 MEMBERS AND 150 AFFILIATE MEMBERS IN AIRPORT MANAGEMENT. PROVIDE SCHOLARSHIP FUNDS.

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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 $43,150

Program Service Revenue $388,203

Investment Income $16,467

Other Revenue $0

TOTAL REVENUE $447,820

Expense Breakdown

Grants Paid $7,449

Salaries & Benefits $74,000

Fundraising Expenses $0

Program Expenses $372,349

Other Expenses $316,468

TOTAL EXPENSES $397,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$447,820	$422,790	+0.1%
Expenses	$397,917	$367,546	+0.1%
Net Income	$49,903	$55,244	-0.1%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN VAN DER LINDEN	AT LARGE MEMBER	0.00	Director	$0	$0	$0
SHOAIB QUADER	REGION 3 REPRESENTATIVE	0.00	Director	$0	$0	$0
STUART HAIR	REGION 3 REPRESENTATIVE	0.00	Director	$0	$0	$0
EMILY WINBERG	ASSOCIATION BUSINESS MANAGER	25.00	Director	$0	$0	$0
DICK GRANSEUR	REGION 1 REPRESENTATIVE	0.00	Director	$0	$0	$0
REBECCA GALLAS	NCDOT DIV OF AVIATION INTERIM	0.00	Director	$0	$0	$0
LORIN AKINS	REGION 2 REPRESENTATIVE	0.00	Director	$0	$0	$0
DIRK VANDERLEEST	REGION 3 REPRESENTATIVE	0.00	Director	$0	$0	$0
KIM W HOPPER	REGION 1 REPRESENTATIVE	0.00	Director	$0	$0	$0
HOWIE FRANKLIN	REGION 1 REPRESENTATIVE	0.00	Director	$0	$0	$0
DEONTAE WATSON	REGION 2 REPRESENTATIVE	0.00	Director	$0	$0	$0
DAN DANIELEY	REGION 2 REPRESENTATIVE	0.00	Director	$0	$0	$0
JOHN COON	PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWIN MADDEN Jr	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
PHILIP LANIER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT HEUTS	TREASURER	1.00	Officer Director	$0	$0	$0
GAGE KING	SECRETARY	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$447,820	$397,917	$557,363	$49,903
2023	$422,790	$367,546	$502,760	$55,244
2022	$719,829	$497,372	$432,740	$222,457
2021	$92,631	$115,751	$515,002	$-23,120
2020	$79,439	$161,043	$508,829	$-81,604
2019	$411,833	$403,791	$302,477	$8,042