Aerospace Industry Association of Michigan Foundation

Nonprofit profile at a glance

EIN
923524528
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Rochester Hills, MI, USA
Phone
6164466537
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$103,475
Expenses
$1,491
Assets
$128,402

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Tony Vernaci (President)
  • Brittany Telander (Executive Director)

People named in this filing

  • Tony Vernaci (President)
  • Tom Alongi (Trustee)
  • Lissa Barron (Trustee)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Aerospace Industry Association of Michigan Foundation is a non-profit, supporting the AIAM Organization. It supports a platform for Aerospace Leaders in the state to work together on a common set of priorities to strengthen and support the continued growth in the industry.

What it reported doing in 2024

Provide support to strengthen and support the continued growth of the Michigan Aerospace industry.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 1
  • Transparency & Controls: 82
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 1%; rating input score 1
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 98.6%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 86.12; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 118.4% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 131.7% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 1% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.