Aerospace Employee Association

EIN: 956093378

El Segundo, CA

Total Revenue
$24,347
Total Expenses
$44,281
Total Assets
$4,414
Net Assets
$4,414
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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
1964
Legal Domicile
CA
Principal Officer
Paul Ozaki
Phone
6263837724
Tax Period
2024-10-01 to 2025-09-30

Aerospace Employee Association, founded in 1964, is a micro nonprofit that reported $24K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 82% operating deficit.

Mission

(a) Stimulation and fostering of social interests and relationships of members thereof; and (b) Encouragement, promotion and sponsorship of social, recreational and educational activities of and for said 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,872
Program Service Revenue $0
Investment Income $435
Other Revenue $40
TOTAL REVENUE $24,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,681
Other Expenses $44,281
TOTAL EXPENSES $44,281

Year-over-Year Comparison

2024 2023 Change
Revenue $24,347 $64,749 -0.6%
Expenses $44,281 $45,219 0.0%
Net Income $-19,934 $19,530 -2.0%
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
24

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gerrit Sorensen President 1.00
Officer
$0 $0 $0
Will Santos Vice President 1.00
Officer
$0 $0 $0
Gerrit Sorensen Secretary 1.00
Officer
$0 $0 $0
Paul Ozaki Treasurer 1.00
Officer
$0 $0 $0
Nyija Butler Director 1.00
Director
$0 $0 $0
William Chavez Director 1.00
Director
$0 $0 $0
Victor Chin Director 1.00
Director
$0 $0 $0
Don Dean Director 1.00
Director
$0 $0 $0
Allie Gatewood Director 1.00
Director
$0 $0 $0
Jack Grant Director 1.00
Director
$0 $0 $0
Jared Lang Director 1.00
Director
$0 $0 $0
Sarah Lang Director 1.00
Director
$0 $0 $0
Stephen Redman Director 1.00
Director
$0 $0 $0
Will Santos Director 1.00
Director
$0 $0 $0
Angela Stephens Director 1.00
Director
$0 $0 $0
Hil Weeks Director 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
2025 $24,347 $44,281 $4,414 $-19,934
2024 $64,749 $45,219 $24,348 $19,530
2023 $120,941 $168,177 $4,818 $-47,236
2022 $76,957 $102,386 $52,054 $-25,429
2021 $74,176 $72,730 $77,483 $1,446
2020 $175,822 $139,189 $76,037 $36,633
2019 $166,043 $175,875 $39,404 $-9,832
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