AIRPORT RESTAURANT & RETAIL ASSOCIATION

EIN: 844959459 Community Improvement

PARK RIDGE, IL

Total Revenue
$421,000
Total Expenses
$445,456
Total Assets
$64,548
Net Assets
$64,548
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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
2019
Legal Domicile
DE
Principal Officer
ANDREW WEDDIG
Phone
8473247883
Tax Period
2024-01-01 to 2024-12-31

AIRPORT RESTAURANT & RETAIL ASSOCIATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $421K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO WORK COLLABORATIVELY WITH THE AIRPORT INDUSTRY ON MATTERS OF MUTUAL INTEREST AND BENEFIT.

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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 $0
Program Service Revenue $421,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $421,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $201,000
Fundraising Expenses $0
Other Expenses $244,456
TOTAL EXPENSES $445,456

Year-over-Year Comparison

2024 2023 Change
Revenue $421,000 $385,750 +0.1%
Expenses $445,456 $338,119 +0.3%
Net Income $-24,456 $47,631 -1.5%
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
12
Independent Members
12
Employees
N/A
Volunteers
20

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
5
$249,874
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN LODEN CHAIR 1.00
Officer Director
$0 $0 $0
GREGORY PLUMMER VICE CHAIR 1.00
Officer Director
$0 $0 $0
NICHOLAS CREWS SECRETARY 1.00
Officer Director
$0 $0 $0
INEZ DANIELS LAMPLEY TREASURER 1.00
Officer Director
$0 $0 $0
CARLOS BERNAL DIRECTOR 1.00
Director
$0 $0 $0
DAVID BISSET DIRECTOR 1.00
Director
$0 $0 $0
JUDITH BYRD DIRECTOR 1.00
Director
$0 $0 $0
PATRICK MURRAY DIRECTOR 1.00
Director
$0 $0 $0
CORLISS STONE-LITTLES DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY THORNTON DIRECTOR 1.00
Director
$0 $0 $0
KEVIN WESTLYE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT SOCHA DIRECTOR 1.00
Director
$0 $0 $0
ANDREW WEDDIG EXECUTIVE DIRECTOR 24.00
Officer
$249,874 $0 $249,874
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 $421,000 $445,456 $64,548 $-24,456
2023 $385,750 $338,119 $89,004 $47,631
2022 $391,000 $403,772 $41,373 $-12,772
2021 $398,500 $426,459 $54,145 $-27,959
2020 $357,500 $275,396 $82,104 $82,104
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