AIRPORT MINORITY ADVISORY COUNCIL CORPORATION (EIN 621398266) - 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

1988

Legal Domicile

Principal Officer

EBONI WIMBUSH

Phone

7034142622

Tax Period

2023-01-01 to 2023-12-31

AIRPORT MINORITY ADVISORY COUNCIL CORPORATION, founded in 1988, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $569K, a strong 17% operating margin.

Mission

THE AIRPORT MINORITY ADVISORY COUNCIL (AMAC) IS THE ONLY NATIONAL, NON- PROFIT TRADE ASSOCIATION DEDICATED TO ADVANCING THE FULL PARTICIPATION OF MINORITIES AND WOMEN IN EMPLOYMENT AND CONTRACTING OPPORTUNITIES THROUGHOUT THE AVIATION AND AEROSPACE INDUSTRIES. SINCE IT'S INCEPTION, AMAC HAS BEEN AT THE FOREFRONT OF NEARLY EVERY NATIONAL POLICY INITIATIVE IMPACTING THE PARTICIPATION OF DISADVANTED BUSINESSES IN AIRPORT CONTRACTING. AMAC ALSO WORKS CONSISTENTLY WITH CONGRESS, THE FEDERAL GOVERNMENT, AVIATION TRADE ASSOCIATIONS AND OTHERS AS A RESOURCE FOR INFORMATION, EDUCATION AND GUIDANCE ON BUSINESS AND EMPLOYMENT MATTERS. AMAC AND ITS AFFILIATES REPRESENT THOUSANDS OF MEMBERS THAT INCLUDE AIRPORT OPERATORS, GOVERNMENT OFFICIALS, CORPORATIONS, AND M/W/DBE ENTREPRENEURS. NO ORGANIZATION PRACTICES WHAT IT PREACHES BETTER THAN AMAC, BRINGING A DIVERSE MULTI-DIMENSIONAL GROUP TOGETHER FOR THEIR MUTUAL SUCCESS. OUR THIRTY-FIVE YEAR LEGACY INCLUDES HIGH-LEVEL, AVIATION COMMUNITY EXPERIENCE

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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 $960,621

Program Service Revenue $2,319,542

Investment Income $2,551

Other Revenue $34,468

TOTAL REVENUE $3,317,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $571,272

Fundraising Expenses $0

Other Expenses $2,177,232

TOTAL EXPENSES $2,748,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,317,182	$4,447,485	-0.3%
Expenses	$2,748,504	$3,416,460	-0.2%
Net Income	$568,678	$1,031,025	-0.4%

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

150

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

$210,767

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EBONI WIMBUSH	PRESIDENT/CE	40.00	Officer	$194,650	$16,117	$210,767
BRIDGET BIAGAS	SECOND VICE	2.00	Officer Director	$0	$0	$0
MARLENE COLEMAN	AT-LARGE DIR	2.00	Director	$0	$0	$0
KAREN W ELLIS	AT-LARGE DIR	2.00	Director	$0	$0	$0
INDHIRA FIGURERO	REGIONAL DIR	2.00	Director	$0	$0	$0
ROBIN GIBSON	REGIONAL DIR	2.00	Director	$0	$0	$0
NIKKI T HARLAND	AT-LARGE DIR	2.00	Director	$0	$0	$0
SHEILA HUDSON	REGIONAL DIR	2.00	Director	$0	$0	$0
GONZALO DE LA MELENA JR	AT LARGE DIR	2.00	Director	$0	$0	$0
TOSIN KASALI	AT-LARGE DIR	2.00	Director	$0	$0	$0
JEANNIE KILLEBREW	REGIONAL DIR	2.00	Director	$0	$0	$0
LANCE LYTTLE	AT-LARGE DIR	2.00	Director	$0	$0	$0
JUSTINA MANN	REGIONAL DIR	2.00	Director	$0	$0	$0
MARIA MARTINEZ	AT-LARGE DIR	2.00	Director	$0	$0	$0
TONJA PASTORELLE	REGIONAL DIR	2.00	Director	$0	$0	$0
MILAN PATEL	REGIONAL DIR	2.00	Director	$0	$0	$0
DWIGHT H PULLEN	AT-LARGE DIR	2.00	Director	$0	$0	$0
LAURYN MANGUM REED	SECRETARY	2.00	Officer Director	$0	$0	$0
MORI RUSSELL	REGIONAL DIR	2.00	Director	$0	$0	$0
RICKY D SMITH	CHAIR	2.00	Officer Director	$0	$0	$0
KIMBERLY SUTTON	REGIONAL DIR	2.00	Director	$0	$0	$0
MICHAEL SVAGDIS	AT-LARGE DIR	2.00	Director	$0	$0	$0
WILLIAM SWIFT	TREASURER	2.00	Officer Director	$0	$0	$0
SIMEON TERRY	FIRST VICE C	2.00	Officer Director	$0	$0	$0
MICHAEL E WASHINGTON	REGIONAL DIR	2.00	Director	$0	$0	$0
KENNETH WEEDEN	AT-LARGE DIR	2.00	Director	$0	$0	$0
JOVAN GOLDSTEIN	CFO	8.00	Officer	$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	No data	No data	No data	No data
2023	$3,317,182	$2,748,504	$3,017,036	$568,678
2022	$4,447,485	$3,416,460	$2,411,776	$1,031,025
2021	$1,248,979	$873,475	$1,536,185	$375,504
2020	$471,638	$913,924	$1,366,120	$-442,286
2019	$2,357,609	$2,124,883	$1,254,408	$232,726
2018	$1,777,612	$1,611,897	$1,188,632	$165,715

AIRPORT MINORITY ADVISORY COUNCIL CORPORATION