WEST MICHIGAN AVIATION ACADEMY FOUNDATION (EIN 824783279) - 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

2018

Legal Domicile

Principal Officer

TERRY RUSSELL

Phone

6164468886

Tax Period

2024-07-01 to 2025-06-30

WEST MICHIGAN AVIATION ACADEMY FOUNDATION, founded in 2018, is a small nonprofit in the Education sector that reported $951K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $808K left a modest 15% surplus.

Mission

THE FOUNDATIONS ROLE IS TO CULTIVATE DONORS AND PRIVATE PHILANTHROPY, IN SUPPORT OF WEST MICHIGAN AVIATION ACADEMY IN ORDER TO PROMOTE THEIR EDUCATIONAL PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,303,794

Program Service Revenue $0

Investment Income $32,223

Other Revenue $-385,444

TOTAL REVENUE $950,573

Expense Breakdown

Grants Paid $723,259

Salaries & Benefits $0

Fundraising Expenses $43,235

Program Expenses $723,259

Other Expenses $75,898

TOTAL EXPENSES $808,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$950,573	$821,024	+0.2%
Expenses	$808,479	$762,533	+0.1%
Net Income	$142,094	$58,491	+1.4%

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

N/A

Volunteers

281

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
TERRY RUSSELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY FISHER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LOUIS SENO JR	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE JOHNS	TREASURER	1.00	Officer Director	$0	$0	$0
RON BAUM	DIRECTOR	1.00	Director	$0	$0	$0
TOM CYR	DIRECTOR	1.00	Director	$0	$0	$0
RYAN DEMOOR	DIRECTOR	1.00	Director	$0	$0	$0
RICK DEVOS	DIRECTOR	1.00	Director	$0	$0	$0
JODIE DEVRIES	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ENGLAND	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LENNON	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MEGGAN GEORGE	DEVELOPMENT	40.00	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
2025	$950,573	$808,479	$3,117,917	$142,094
2024	$821,024	$762,533	$2,617,958	$58,491
2023	$1,246,075	$1,149,199	$2,889,329	$96,876
2022	$2,348,565	$2,389,433	$2,682,990	$-40,868
2021	$2,264,081	$2,646,039	$2,505,429	$-381,958
2020	$3,071,171	$193,938	$2,916,672	$2,877,233

WEST MICHIGAN AVIATION ACADEMY FOUNDATION