Civic Intelligence

Faa Managers Association Inc

EIN 37-1426448 • 501(c)6 • Washington, DC

Profile

To promote aviation safety and efficiency and support the ideals of the federal government.

1899 L St NW 520Washington, DC 20036

www.faama.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

26th percentile

0.02x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.04x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

31st percentile

-1.0%

Higher net margin than 31% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

19th percentile

-5.7%

Faster asset growth than 19% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

3.3%

Faster revenue growth than 39% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$2,477,911

Up $195,773 (+8.6%) from 2023

Liabilities

Down

$79,174

Down $5,950 (-7.0%) from 2023

Net Assets

Up

$2,398,737

Up $201,723 (+9.2%) from 2023

Operations
Liabilities / Revenue29th percentileNet Margin31st percentile

Revenue

Up

$1,672,377

Up $533,163 (+47%) from 2023

Expenses

Up

$1,320,559

Up $427,829 (+48%) from 2023

Net Income

Up

$351,818

Up $105,334 (+43%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2020: $1,695,489Liabilities 2020: $86,830Net Assets 2020: $1,608,6592020Assets 2021: $2,237,496Liabilities 2021: $80,933Net Assets 2021: $2,156,5632021Assets 2022: $2,109,570Liabilities 2022: $50,195Net Assets 2022: $2,059,3752022Assets 2023: $2,282,138Liabilities 2023: $85,124Net Assets 2023: $2,197,0142023Assets 2024: $2,477,911Liabilities 2024: $79,174Net Assets 2024: $2,398,7372024

Highlighted filing

2024

Assets$2,477,911
Liabilities$79,174
Net Assets$2,398,737
Open 2024 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $1,335,652Expenses 2020: $1,152,011Net Income 2020: $183,6412020Revenue 2021: $1,171,498Expenses 2021: $715,090Net Income 2021: $456,4082021Revenue 2022: $1,209,579Expenses 2022: $1,221,885Net Income 2022: -$12,3062022Revenue 2023: $1,139,214Expenses 2023: $892,730Net Income 2023: $246,4842023Revenue 2024: $1,672,377Expenses 2024: $1,320,559Net Income 2024: $351,8182024

Highlighted filing

2024

Revenue$1,672,377
Expenses$1,320,559
Net Income$351,818
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,477,911
Liabilities
$79,174
Net assets
$2,398,737
Revenue
$1,672,377
Expenses
$1,320,559
Net income
$351,818
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.48$0.08$2.40$1.67$1.32$0.35
2023Detailed filing. Detailed filing data is available for this year.$2.28$0.09$2.20$1.14$0.89$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.11$0.05$2.06$1.21$1.22$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.24$0.08$2.16$1.17$0.72$0.46
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.09$1.61$1.34$1.15$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.1
Gross Receipts
$2,072,377
Mission and Program Overview

Mission

To promote aviation safety and efficiency and support the ideals of the federal government.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$964,167$1,442,715▲ $478,548
Savings and Temporary Cash Investments$1,277,882$1,001,810▼ $276,072
Prepaid Expenses and Deferred Charges$40,089$33,386▼ $6,703
Total Assets$2,282,138$2,477,911▲ $195,773
Liabilities
Accounts Payable and Accrued Expenses$85,124$79,174▼ $5,950
Total Liabilities$85,124$79,174▼ $5,950
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,197,014$2,398,737▲ $201,723
Total Net Assets Fund Balance$2,197,014$2,398,737▲ $201,723
Total Liabilities and Net Assets / Fund Balance$2,282,138$2,477,911▲ $195,773

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,442,715--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Mike SmithPresident
Wayne HubbardVice President
Ron EritanoExecutive Director
Andy TaylorRegional Director
Brian SalawayRegional Director
Chris CitrolaRegional Director
Jeff HubertRegional Director
Jennifer RossRegional Director
Randy BaileyRegional Director
Sarina GumbertRegional Director
Sheri KaneshiroRegional Director
Tanja RowlandRegional Director
Michael HornSecretary
Denise RagerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Normandy Group LLCLobbying1899 L ST NW STE 520, Washington, DC 20036$290,166
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,516,394
Investment Income
$143,601
Other Revenue
$12,382
Change in Net Assets
$351,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,212,559
Salaries, Compensation, and Employee Benefits$108,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$693,199
Fees for Services Lobbying---$186,904
Current Officers, Directors, Trustees, and Key Employees---$108,000
Travel---$95,940
Other Expenses---$20,913
Fees for Services Accounting---$17,725
Total Functional Expenses$0$0$0$1,320,559
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of the form 990 is provided to the treasurer for circulation to the audit committee. The treasurer and board of directors review the draft and provide comments. Corrections, if any, are made to the form prior to filing.”

Form 990, Part VI, Section B, Line 15

“The organization utilizes volunteers as board members and their executive director positions. No salaries or other compensations are given.”

Form 990, Part VI, Section C, Line 19

“The organization provides access to copies of its governing documents, policies and financial statements as required by law upon request.”

Filing and Contact Details

Filer

Filer Name
Faa Managers Association Inc
EIN
37-1426448
Phone
2024000272
Address
1899 L ST NW 520, WASHINGTON, DC 20036

Signing Officer

Name
Denise Rager
Title
Treasurer
Phone
2024000272
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Smith
Formed
2002
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
100

Preparer

Firm
PILE CPA'S
Address
ONE INDIANA SQUARE STE 1200, INDIANAPOLIS, IN 46204
Preparer
Jeremy C Kopeck CPA
Phone
3172693454
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS PROVIDED TO THE TREASURER FOR CIRCULATION TO THE AUDIT COMMITTEE. THE TREASURER AND BOARD OF DIRECTORS REVIEW THE DRAFT AND PROVIDE COMMENTS. CORRECTIONS, IF ANY, ARE MADE TO THE FORM PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION UTILIZES VOLUNTEERS AS BOARD MEMBERS AND THEIR EXECUTIVE DIRECTOR POSITIONS. NO SALARIES OR OTHER COMPENSATIONS ARE GIVEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES ACCESS TO COPIES OF ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AS REQUIRED BY LAW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-30
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY C KOPECK CPA
ReturnHeader/ReturnTs02025-05-12T10:20:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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