Regional Airline Association

What it reported doing in 2024

Seminars and committee meetings: seminars and committee meetings provide a means for disseminating important information to the industry, creating a forum for sharing information and best practices on safety and other matters, and are held frequently throughout the year. Raa has 13 councils and committees, and most meet quarterly. Raa also holds an annual summer seminar workshop. Raa's committees and their focus areas include:1.safety council: safety management systems, procedural compliance, safety metrics, maintenance safety, runway/surface safety, and flight safety.2.ground safety & employee injury committee: review process of injury types seeking to review injuries, sharing of best practices, analysis of injury details per employee group to identify trends, and track and analyze aircraft ground damage data.3.emergency response committee: transportation disaster assistance. 4.security committee: insider threat issues, and aircraft operator standard security program ("aossp").5.regional operations council: pilot hiring, training, procedural compliance, data gathering, runway and surface safety.6.flight training committee: extended envelope training, new hire training, and data gathering/analysis. 7.flight technology committee: nextgen equipage, and collaborative decision making. 8.inflight committee: flight attendant ("fa") fatigue risk management programs, fa rest requirements and inflight sexual misconduct. 9.maintenance committee: strengthening procedural compliance, workforce/labor shortages in the maintenance field, generational/demographic shifts in workforce, addressing workforce skills gaps, and attracting future workforce. 10.human resources committee: nondiscrimination training, recruitment/retention best practices, and leave of absence management. 11.environmental: drinking water safety, carbon offsetting and reduction scheme for international aviation ("corsia"), sustainability best practices, and cabin air quality.12.drug and alcohol consortium: compliance philosophy and best practices, and audits. 13.cyber committee: equipment, systems, and network information security protection.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 9 controls in place; rating input score 56
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.8%; rating input score 47; 47th percentile among comparable filings
• Total-asset coverage ratio: 0.52; rating input score 18; 18th percentile among comparable filings
• Liabilities to assets ratio: 0.23; rating input score 40; 40th percentile among comparable filings
• Officer compensation ratio: 34%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 2.4% per year; rating input score 100; 23rd percentile among comparable filings
• Asset growth: 3% per year; rating input score 100; 24th percentile among comparable filings