AIRPORT RESTAURANT & RETAIL ASSOCI… - Form 990 Financial Data

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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

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

FOUNDED IN 2019, ARRA'S MISSION IS TO WORK COLLABORATIVELY WITH THE AIRPORT INDUSTRY ON MATTERS OF MUTUAL INTEREST AND BENEFIT TO PROMOTE SOUND POLICIES AND PRACTICES THAT PROMOTE CONCESSIONS BUSINESS OPPORTUNITIES AND ELEVATE THE TRAVEL EXPERIENCE FOR AIR TRAVELERS.

Program Service Accomplishments

Program 1

ALL PROGRAMS ARE TO PROMOTE THE MISSION OF ARRA FOR THEIR 67 MEMBERS

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$249,874

Total Directors

Key Employees

Highest Compensated

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

AIRPORT RESTAURANT & RETAIL ASSOCIATION