WASHINGTON AIRPORTS TASK FORCE

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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

1982

Legal Domicile

Principal Officer

MAJ GEN KEITH W MEURLIN RET

Phone

7035728714

Tax Period

2022-07-01 to 2023-06-30

WASHINGTON AIRPORTS TASK FORCE, founded in 1982, is a small nonprofit that reported $856K in total revenue in fiscal year 2022. Expenses of $971K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE DOMESTIC AND FOREIGN TRADE THROUGH THE INCREASED USE AND DEVELOPMENT OF THE METROPOLITAN WASHINGTON AIRPORTS.

Program Service Accomplishments

Program 1

Expenses: $822,883 Revenue: $227,267

THE PROMOTION OF THE WASHINGTON METROPOLITAN AIRPORTS, THROUGH MAILINGS, LETTERS, CONFERENCES AND SEMINARS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $601,125

Program Service Revenue $227,267

Investment Income $14,454

Other Revenue $12,664

TOTAL REVENUE $855,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $820,322

Fundraising Expenses $56,890

Program Expenses $822,883

Other Expenses $150,481

TOTAL EXPENSES $970,803

Year-over-Year Comparison

	2022	2021	Change
Revenue	$855,510	$856,049	0.0%
Expenses	$970,803	$853,249	+0.1%
Net Income	$-115,293	$2,800	-42.2%

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

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

$299,443

Total Directors

$268,728

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES V STIPANCIC JR	CHAIR	4.00	Officer Director	$0	$0	$0
MAJ GEN KEITH W MEURLIN RET	PRESIDENT	40.00	Officer Director	$244,265	$24,463	$268,728
MARK TREADAWAY	TREASURER	40.00	Officer	$25,217	$5,498	$30,715
CAROL WELTI	FORMER TREAS	0.00		$164,096	$15,805	$179,901
LISA MERHAUT	SECRETARY	40.00	Officer	$0	$0	$0
JOSEPH ABIDIN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD D ABRAMSON	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE AUSTELL III	DIRECTOR	1.00	Director	$0	$0	$0
CELLERINO BERNARDINO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BIRTWISTLE	DIRECTOR	1.00	Director	$0	$0	$0
THE HONORABLE MARION C BLAKEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER U BROWNE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT E BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS N CARTER	DIRECTOR	1.00	Director	$0	$0	$0
JAY CORBALIS	DIRECTOR	1.00	Director	$0	$0	$0
GEN JOHN R DAILEY RET	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DARCY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM H DEAN	DIRECTOR	1.00	Director	$0	$0	$0
SALVATORE V FIORENTINO	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL FLECK	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH E GAZZOLA	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT M HAMBERGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN D HARDESTY JR	DIRECTOR	1.00	Director	$0	$0	$0
STANLEY E HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
TODD P HAYMORE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES W HAZEL	DIRECTOR	1.00	Director	$0	$0	$0
TADEUSZ TED LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LIBERTY	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN LINEHAN	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON C LOREY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W MARRIOTT III	DIRECTOR	1.00	Director	$0	$0	$0
TATIANA MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
JULIANA E MAY	DIRECTOR	1.00	Director	$0	$0	$0
THE HONORABLE T ALLAN MCARTOR	DIRECTOR	N/A	Director	$0	$0	$0
CLAY MCCONNELL	DIRECTOR	1.00	Director	$0	$0	$0
CHAUVON MCFADDEN	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINA MEDEROS	DIRECTOR	1.00	Director	$0	$0	$0
MARY M MILLER	DIRECTOR	1.00	Director	$0	$0	$0
THE HONORABLE JOHN G MILLIKEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL O'REILLY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW A PAINTER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN B PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS F PUMPELLY	DIRECTOR	1.00	Director	$0	$0	$0
LEO J SCHEFER	DIRECTOR	1.00	Director	$0	$0	$0
MARK W SHARER	DIRECTOR	1.00	Director	$0	$0	$0
STU SOLOMAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON STANFORD	DIRECTOR	1.00	Director	$0	$0	$0
KURT THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON TODD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID F TRAYNHAM	DIRECTOR	1.00	Director	$0	$0	$0
JERRY A VAN VOORHIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID C WHITESTONE	DIRECTOR	1.00	Director	$0	$0	$0
THE HONORABLE ANTHONY A WILLIAMS	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$855,510	$970,803	$668,239	$-115,293
2022	$856,049	$853,249	$739,366	$2,800
2021	$817,499	$785,538	$821,124	$31,961
2020	$1,057,425	$947,602	$742,398	$109,823
2019	$894,663	$889,967	$628,495	$4,696