NATIONAL AIRCRAFT FINANCE ASSOC INC (EIN 581794969) - 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

1971

Legal Domicile

Phone

4105711740

Tax Period

2024-01-01 to 2024-12-31

NATIONAL AIRCRAFT FINANCE ASSOC INC, founded in 1971, is a small nonprofit that reported $701K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $656K left a modest 6% surplus.

Mission

TRADE ASSOCIATION FOR AIRCRAFT FINANCE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $685,095

Investment Income $15,602

Other Revenue $0

TOTAL REVENUE $700,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,275

Fundraising Expenses $0

Other Expenses $556,739

TOTAL EXPENSES $656,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$700,697	$744,613	-0.1%
Expenses	$656,014	$685,954	0.0%
Net Income	$44,683	$58,659	-0.2%

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

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

$99,275

Total Directors

$99,275

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN GRIGGS	Executive Direc	35.00	Officer Director	$99,275	$0	$99,275
JIM SIMPSON	Director	1.00	Director	$0	$0	$0
ANDREW FARRANT	Vice President	1.00	Officer Director	$0	$0	$0
THERESA MYERS	Secretary	1.00	Officer Director	$0	$0	$0
EDWARD KAMMERER	General Counsel	1.00	Officer Director	$0	$0	$0
EDWARD MEDICI	President	1.00	Officer Director	$0	$0	$0
BRYAN BYERS	Vice President	1.00	Officer Director	$0	$0	$0
BEAU BAIRD	Director	1.00	Director	$0	$0	$0
PAULA STACIARINI	Director	1.00	Director	$0	$0	$0
JAMES BLESSING	EX-OFFICIO	1.00	Director	$0	$0	$0
ISABELLE LAFOND	Director	1.00	Director	$0	$0	$0
SCOTT MCCREARY	Director	1.00	Director	$0	$0	$0
KEITH HAYES	Director	1.00	Director	$0	$0	$0
LOU SENO	Director	1.00	Director	$0	$0	$0
JENS HENNIG	Director	1.00	Director	$0	$0	$0
TOBIAS KLEITMAN	Treasurer	1.00	Officer Director	$0	$0	$0
BRUCE MARSHALL	Director	1.00	Director	$0	$0	$0
PHIL WINTERS	Director	1.00	Director	$0	$0	$0
MEGHA BHATIA	Director	1.00	Director	$0	$0	$0
JACK GILCHRIST	Director	1.00	Director	$0	$0	$0
DONALD POINTER	Director	1.00	Director	$0	$0	$0
ANTHONY SCHIEBER	Director	1.00	Director	$0	$0	$0
DAVID VANDENBERG	Director	1.00	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	$700,697	$656,014	$404,068	$44,683
2023	$744,613	$685,954	$359,385	$58,659
2022	$553,187	$641,217	$300,726	$-88,030
2021	$243,034	$228,943	$388,756	$14,091
2019	$536,230	$458,532	$363,212	$77,698
2018	$463,746	$510,489	$285,514	$-46,743

NATIONAL AIRCRAFT FINANCE ASSOC INC