GRAND JUNCTION REGIONAL AIR SERVICE ALLIANCE

EIN: 834590269 Community Improvement

GRAND JUNCTION, CO

Total Revenue
$1,167,795
Total Expenses
$1,582,362
Total Assets
$1,959,056
Net Assets
$1,959,056
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CO
Principal Officer
CANDACE CARNAHAN
Phone
9702423214
Tax Period
2024-01-01 to 2024-12-31

GRAND JUNCTION REGIONAL AIR SERVICE ALLIANCE, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE CORPORATION'S PURPOSE IS TO MARKET, PROMOTE, ACQUIRE AND ENHANCE DIRECT AIR SERVICE TO AND FROM THE GRAND JUNCTION REGIONAL AIRPORT.

Program Service Accomplishments

Program 1
Expenses: $1,582,363

THE ORGANIZATION CONTINUED TO LOOK FOR OPPORTUNITIES TO ENHANCE AIR SERVICE AND ENGAGED A CONSULTANT TO HELP EVALUATE OPPORTUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,108,158
Program Service Revenue $0
Investment Income $59,637
Other Revenue $0
TOTAL REVENUE $1,167,795

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,582,363
Other Expenses $1,582,362
TOTAL EXPENSES $1,582,362

Year-over-Year Comparison

2024 2023 Change
Revenue $1,167,795 $446,182 +1.6%
Expenses $1,582,362 $211,889 +6.5%
Net Income $-414,567 $234,293 -2.8%
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

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Governance

Voting Members
11
Independent Members
11
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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY D SEATON PRESIDENT 2.00
Officer Director
$0 $0 $0
VANCE WAGNER SECRETARY 1.00
Officer Director
$0 $0 $0
DEREK WAGNER BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTI REECE BOARD MEMBER 1.00
Director
$0 $0 $0
TODD YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
BRADLEY D MCCLOUD BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
TIM FRY BOARD MEMBER 1.00
Director
$0 $0 $0
NINA ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF HURD BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK O'LEARY BOARD MEMBER 1.00
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
2024 $1,167,795 $1,582,362 $1,959,056 $-414,567
2023 $446,182 $211,889 $2,373,623 $234,293
2022 $1,020,860 $147,042 $2,139,330 $873,818
2021 $579,365 $90,771 $1,265,513 $488,594
2020 $413,330 $5,115 $776,919 $408,215
2019 $394,370 $25,667 $368,703 $368,703
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