ARIZONA BUSINESS AVIATION ASSOCIATION (EIN 861025492) - 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

2004

Legal Domicile

Principal Officer

Timothy Vallowe

Tax Period

2024-01-01 to 2024-12-31

ARIZONA BUSINESS AVIATION ASSOCIATION, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $155K in total revenue in fiscal year 2024. Revenue surged 266% from the prior year, signaling strong growth momentum. Expenses of $175K exceeded revenue, resulting in a 13% operating deficit.

Mission

The organization's primary exempt purpose is to provide value to our members through informational programs; representing business aviation interests within the aviation community; and providing education about business aviation to community leaders and the public. Additionally, scholarship money is raised and awarded to applicants interested in the industry.

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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 $39,966

Program Service Revenue $0

Investment Income $0

Other Revenue $114,917

TOTAL REVENUE $154,883

Expense Breakdown

Grants Paid $110,840

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $64,262

TOTAL EXPENSES $175,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,883	$42,282	+2.7%
Expenses	$175,102	$175,102	N/A
Net Income	$-20,219	$-132,820	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Vallowe	President	10.00	Officer Director	$0	$0	$0
Alfredo Garcia	Co-Vice President	5.00	Officer Director	$0	$0	$0
Christian Lambert	Co-Vice President	5.00	Officer Director	$0	$0	$0
Douglas Young	Former President	5.00	Director	$0	$0	$0
Jeffrey Duncan	Treasurer	5.00	Officer Director	$0	$0	$0
Tara Creel-Cesena	Director	5.00	Officer	$0	$0	$0
Kenneth Kiriluk	Director	5.00	Director	$0	$0	$0
Maddie Moles	Director	5.00	Director	$0	$0	$0
Jules Yimga	Director	5.00	Director	$0	$0	$0
Marci Steenson	Director	5.00	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	$154,883	$175,102	$120,544	$-20,219

ARIZONA BUSINESS AVIATION ASSOCIATION