Tucson Amateur Astronomy Association Incorporated (EIN 742401304) - 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

1954

Legal Domicile

Principal Officer

Barbara Whitehead

Tax Period

2023-07-01 to 2024-06-30

Tucson Amateur Astronomy Association Incorporated, founded in 1954, is a small nonprofit that reported $353K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $278K, a strong 79% operating margin.

Mission

The Association shall be an educational service scientific and technical organization devoted to the study of and promotion of interest in Astronomy and its related allied sciences.

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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 $242,131

Program Service Revenue $59,574

Investment Income $53,889

Other Revenue $-2,259

TOTAL REVENUE $353,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,038

Other Expenses $75,117

TOTAL EXPENSES $75,117

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,335	$194,827	+0.8%
Expenses	$75,117	$42,279	+0.8%
Net Income	$278,218	$152,548	+0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Mae Smith	President	10.00	Officer	$0	$0	$0
Dr Edward Foley	Vice-President	10.00	Officer	$0	$0	$0
Robert Reynolds	Secretary	10.00	Officer	$0	$0	$0
Barbara Whitehead	Treasurer	10.00	Officer	$0	$0	$0
David Rossetter	Board of Director Member at Large	10.00	Officer	$0	$0	$0
John Kalas	Board of Director Member at Large	10.00	Officer	$0	$0	$0
Stephen Ferris	Board of Director Member at Large	10.00	Officer	$0	$0	$0
Jim Knoll	Director of CAC	10.00	Key Emp	$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	$353,335	$75,117	$1,581,261	$278,218
2023	$194,827	$42,279	$1,353,906	$152,548
2022	$108,153	$41,005	$979,511	$67,148
2021	$37,343	$33,197	$909,904	$4,146
2020	$57,675	$39,638	$905,191	$18,037
2019	$193,745	$40,333	$887,321	$153,412

Tucson Amateur Astronomy Association Incorporated