ARKANSAS AGRICULTURAL AVIATION ASS… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

KATHERINE HOLMSTROM

Phone

5015033310

Tax Period

2025-01-01 to 2025-12-31

ARKANSAS AGRICULTURAL AVIATION ASSOCIATION, founded in 1979, is a small nonprofit that reported $160K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $42K, a strong 26% operating margin.

Mission

TO PROVIDE INFORMATION REGARDING SAFETY AND TRAINING FOR AGRICULTURAL AVIATORS

Program Service Accomplishments

Program 1

SAFETY FLYING SEMINAR ANNUAL TRAINING CONFERENCE

Program 2

ORGANIZATION AND GENERAL MANAGEMENT OF DISTRICT MEETINGS REGARDING AGRICULTURAL AVIATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $158,574

Investment Income $1,359

Other Revenue $0

TOTAL REVENUE $159,933

Expense Breakdown

Grants Paid $8,500

Salaries & Benefits $39,600

Fundraising Expenses $0

Other Expenses $69,463

TOTAL EXPENSES $117,563

Year-over-Year Comparison

	2025	2024	Change
Revenue	$159,933	$187,233	-0.1%
Expenses	$117,563	$161,151	-0.3%
Net Income	$42,370	$26,082	+0.6%

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

329

Independent Members

329

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
MICHAEL HUTCHINS	PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
COLE HARTLEY	PRESIDENT	0.00	Officer Director	$0	$0	$0
KATHERINE HOLMSTROM	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
DARIN WALTON	NORTH REPRESENTATIVE	0.00	Director	$0	$0	$0
MATTHEW AUFDERHEIDE	SOUTH REGION REPRESENTATIV	0.00	Director	$0	$0	$0
BRANDON EVERETT	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
LATHAN BUSBY	PILOT REPRESENTATIVE	0.00	Director	$0	$0	$0
JANET MILES	TREASURER	0.00	Officer Director	$0	$0	$0
BRANDT BOTTOMS	SECRETARY	0.00	Officer Director	$0	$0	$0
JEREMY FOLDEN	NORTH REPRESENTATIVE	0.00	Director	$0	$0	$0
TRACEY STOKES	NORTH REPRESENTATIVE	0.00	Director	$0	$0	$0
GARRETT FROST	PLANT BOARD REPRESENTATIVE	0.00	Director	$0	$0	$0
LEIF DAVIDSON	ALLIED MEMBER REPRESENTATI	0.00	Director	$0	$0	$0
DON GLASSCOCK	SOUTH REGION REPRESENTATIV	0.00	Director	$0	$0	$0
MARK WEBB	SOUTH REGION REPRESENTATIV	0.00	Director	$0	$0	$0
DAVID STROHL	NAAA REPRESENTATIVE	0.00	Director	$0	$0	$0
FARA BOTTOMS	SUPPORT MEMBER REPRESENTAT	0.00	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	$159,933	$117,563	$455,980	$42,370
2024	$187,233	$161,151	$413,976	$26,082
2023	$163,934	$185,747	$387,528	$-21,813
2022	$175,947	$141,950	$409,341	$33,997
2021	$113,651	$49,667	$375,344	$63,984
2020	$94,566	$131,069	$312,319	$-36,503
2019	$163,265	$128,510	$348,822	$34,755
2018	$183,309	$151,002	$314,067	$32,307

ARKANSAS AGRICULTURAL AVIATION ASSOCIATION