Independent Pilots Association (EIN 611171169) - 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

1990

Legal Domicile

Phone

5029680341

Tax Period

2023-01-01 to 2023-12-31

Independent Pilots Association, founded in 1990, is a mid-sized nonprofit that reported $15.2M in total revenue in fiscal year 2023. Expenses of $14.7M left a modest 3% surplus.

Mission

The IPA is the collective bargaining agent for the pilots employed by United Parcel Service. The IPA negotiates and submits to its members contracts for ratification and acts in the interest of its members.

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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 $0

Program Service Revenue $14,742,353

Investment Income $216,715

Other Revenue $248,115

TOTAL REVENUE $15,207,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,608,104

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,129,655

TOTAL EXPENSES $14,737,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,207,183	$14,706,138	+0.0%
Expenses	$14,737,759	$14,011,258	+0.1%
Net Income	$469,424	$694,880	-0.3%

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

N/A

Employees

Volunteers

487

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

$3,786,194

Total Directors

$3,786,194

Key Employees

$648,281

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary	40.0	Officer Director	$632,969	$0	$632,969
N/A	Treasurer	40.0	Officer Director	$632,363	$0	$632,363
N/A	At-Large Representative #1	40.0	Officer Director	$606,360	$0	$606,360
N/A	President	40.0	Officer Director	$649,573	$0	$649,573
N/A	Vice-President	40.0	Officer Director	$631,960	$0	$631,960
N/A	At-Large Representative #2	40.0	Officer Director	$632,969	$0	$632,969
N/A	General Counsel (Beginning May 2023)	40.0	Key Emp	$156,438	$37,626	$194,064
N/A	Of Counsel (Beginning May 2023)	40.0	Key Emp	$356,450	$97,767	$454,217
N/A	Public Affairs	20.0	Highest	$200,407	$95,678	$296,085
N/A	Attorney	40.0	Highest	$201,524	$72,979	$274,503
N/A	Attorney	40.0	Highest	$238,804	$27,983	$266,787
N/A	HR Manager	40.0	Highest	$227,881	$79,264	$307,145
N/A	Safety Director	40.0	Highest	$260,851	$69,058	$329,909

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	$15,207,183	$14,737,759	$24,540,998	$469,424
2022	$14,706,138	$14,011,258	$22,210,578	$694,880
2021	$15,065,745	$11,387,032	$23,397,076	$3,678,713
2020	$13,709,794	$11,405,161	$19,024,642	$2,304,633
2019	$12,041,432	$11,701,104	$16,790,400	$340,328
2018	$11,597,966	$11,651,980	$15,662,449	$-54,014

Independent Pilots Association