CAT ASSOCIATION (EIN 990193784) - 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

2010

Legal Domicile

Principal Officer

BRUCE BIGONY

Phone

5092143419

Tax Period

2024-01-01 to 2024-12-31

CAT ASSOCIATION, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $44K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $17K, a strong 40% operating margin.

Mission

A PRIMARY, BUT NOT THE SOLE, PURPOSE OF THE ORGANIZATION IS THE PRESERVATION OF THE HISTORY OF CIVIL AIR TRANSPORT BY PROVIDING FOR THE PROPER CARE OF ARCHIVES, MEMORABILIA, ARTIFACTS, PHOTOGRAPHS, MOVIES, VIDEOS AND OTHER FORM OF MEDIA CONCERNING CIVIL AIR TRANSPORT, AS WELL AS THE DEVELOPMENT OF A DOCUMENTARY OR SIMILAR PRODUCTION ON THE HISTORY OF CIVIL AIR TRANSPORT.

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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 $22,761

Program Service Revenue $0

Investment Income $20,803

Other Revenue $0

TOTAL REVENUE $43,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,487

Program Expenses $10,698

Other Expenses $26,122

TOTAL EXPENSES $26,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,564	$429,803	-0.9%
Expenses	$26,122	$22,377	+0.2%
Net Income	$17,442	$407,426	-1.0%

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

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
CYNTHIA CHENNAULT	PRESIDENT (PART-YEAR)	10.00	Officer Director	$0	$0	$0
VICKY PETERS	VICE PRESIDENT (PART-YEAR)	15.00	Officer Director	$0	$0	$0
COLIN LAMPARD	VICE PRESIDENT (PART-YEAR)	15.00	Officer Director	$0	$0	$0
ANNE SAILER MALCOLM	SECRETARY (PART-YEAR)	2.00	Officer Director	$0	$0	$0
BILL CHEN	CHAIRPERSON	10.00	Director	$0	$0	$0
BRUCE BIGONY	PRESIDENT (PART-YEAR)	15.00	Officer Director	$0	$0	$0
HUGH HICKS	DIRECTOR	1.00	Director	$0	$0	$0
DUDLEY FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
CAROL MASSA	DIRECTOR	15.00	Director	$0	$0	$0
MARY SHAVER	DIRECTOR	5.00	Director	$0	$0	$0
TOM MCELROY	TREASURER	2.00	Officer Director	$0	$0	$0
MARY ANNE MCELORY	SECRETARY (PART-YEAR)	2.00	Officer 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	$43,564	$26,122	$1,300,334	$17,442
2023	$429,803	$22,377	$1,282,892	$407,426
2022	$341,671	$10,718	$875,466	$330,953
2021	$476,881	$19,467	$545,033	$457,414

CAT ASSOCIATION