Aero Valley Property Owners Association

EIN: 752333666

Roanoke, TX

Total Revenue
$205,495
Total Expenses
$133,851
Total Assets
$73,029
Net Assets
$71,777
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
TX
Principal Officer
Eric Branyan
Phone
6822379039
Tax Period
2023-01-01 to 2023-12-31

Aero Valley Property Owners Association, founded in 1985, is a small nonprofit that reported $205K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $72K, a strong 35% operating margin.

Mission

Aero Valley Property Owners Association is an organization operating exclusively for the promotion of social welfare. The organiation maintains and oversees the runways, taxiways, and common grounds of a public airport used by the general public of several rural communities in the state of Texas. Maintenance and management of these airport facilities greatly serves to promote the improvement of the welfare of these communities.

Program Service Accomplishments

Program 1
Expenses: $133,851

To govern and manage Northwest Regional Airport for the benefit of all properties within airport boundaries under the authority of the deed restrictions and the association's bylaws. To acquire and...

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To govern and manage Northwest Regional Airport for the benefit of all properties within airport boundaries under the authority of the deed restrictions and the association's bylaws. To acquire and maintain property and facilities for the use, enjoyment, and benefit of individuals who reside within the geographic area served by the association as may be established by the board of directors pursuant to the association's bylaws. To promote and encourage the use, operation, and maintenance of Northwest Regional Airport for the benefit of the geographic area served by the airport, and established by the board of directors, and for the benefit of users of the airport, including the flying public, as deemed appropriate by the board. To acquire other properties and construct buildings for such purposes To engage in all types of activities not prohibited by law that will promote better citizenship among its members and stimulate educational and other activities as will raise the standards of civic morality and community welfare. To promote and foster mutual understanding, goodwill, and a safe, healthy, and sanitary environment and to disseminate such knowledge as may be useful for its members in their work, leisure, and home life, as such, make them more proficient in their activities as citizens and residents of the state of Texas.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $208,285
Program Service Revenue $0
Investment Income $890
Other Revenue $-3,680
TOTAL REVENUE $205,495

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $133,851
Other Expenses $133,851
TOTAL EXPENSES $133,851

Year-over-Year Comparison

2023 2022 Change
Revenue $205,495 $227,731 -0.1%
Expenses $133,851 $102,271 +0.3%
Net Income $71,644 $125,460 -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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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
50

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Larry Martin Treasurer 5.00
Officer Director
$0 $0 $0
Carey Sharp Director 5.00
Director
$0 $0 $0
Eric Branyan President 5.00
Officer Director
$0 $0 $0
Mike Welch Director 5.00
Director
$0 $0 $0
Mike Love Director 5.00
Director
$0 $0 $0
Scott Miller Director 5.00
Director
$0 $0 $0
Bob Smith Director 5.00
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
2023 $205,495 $133,851 $73,029 $71,644
2022 $227,731 $102,271 $102,011 $125,460
2021 $296,669 $120,258 $120,030 $176,411
2020 $209,388 $106,999 $108,096 $102,389
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