ALABAMA AVIATION EDUCATION CENTER I

EIN: 824418604 501(c)(3) Education

MOBILE, AL

Total Revenue
$5,697,024
Total Expenses
$3,658,270
Total Assets
$9,252,662
Net Assets
$9,244,175
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
AL
Principal Officer
VINCENZO FINIZOLA
Phone
2515122320
Tax Period
2024-01-01 to 2024-12-31

ALABAMA AVIATION EDUCATION CENTER INC, founded in 2018, is a small nonprofit in the Education sector that reported $381K in total revenue in fiscal year 2018. The organization ran a surplus of $355K, a strong 93% operating margin.

Mission

TO AID, PROMOTE, DESIGN, DEVELOP AND DELIVER EDUCATION MATERIALS; ENSURE EDUCATIONAL AND WORKFORCE DEVELOPMENT. DEVELOPMENT OUTCOMES ARE ACHIEVED AND DOCUMENTED; PROMOTE CAREERS ASSOCIATED WITH AVIATION, MANUFACTURING AND STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) FIELDS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $294,851
Program Service Revenue $5,103,641
Investment Income $298,532
Other Revenue $0
TOTAL REVENUE $5,697,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,158
Fundraising Expenses $0
Program Expenses $3,333,715
Other Expenses $3,296,112
TOTAL EXPENSES $3,658,270

Year-over-Year Comparison

2024 2023 Change
Revenue $5,697,024 $5,823,353 0.0%
Expenses $3,658,270 $3,413,227 +0.1%
Net Income $2,038,754 $2,410,126 -0.2%
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
5
Independent Members
4
Employees
13
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENZO FINIZOLA SEC / TREASU N/A
Officer
$0 $0 $0
STEPHANIE PRESCOTT VICE PRESIDE N/A
Director
$0 $0 $0
CHRISTINE HART BOARD MEMBER N/A
Director
$0 $0 $0
NATHAN ENGLAND BOARD MEMBER N/A
Director
$0 $0 $0
MICHELLE HURDLE PRESIDENT N/A
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 $5,697,024 $3,658,270 $9,252,662 $2,038,754
2023 $5,823,353 $3,413,227 $7,214,659 $2,410,126
2022 $3,256,165 $2,137,108 $4,776,841 $1,119,057
2021 $3,633,253 $2,348,341 $3,658,414 $1,284,912
2020 $1,735,549 $1,138,571 $2,373,472 $596,978
2019 $1,725,006 $303,919 $1,775,693 $1,421,087
2018 $380,572 $25,966 $354,606 $354,606
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