Aviation Insurance Association: Nonprofit Profile, Financials & Form 990 (EIN 36-2976270)

Revenue by fiscal year
FY2020	$386K
FY2021	$232K
FY2022	$714K
FY2023	$864K
FY2024	$957K

Expenses by fiscal year
FY2020	$276K
FY2021	$312K
FY2022	$704K
FY2023	$831K
FY2024	$789K

Net assets by fiscal year
FY2020	$373K
FY2021	$293K
FY2022	$303K
FY2023	$336K
FY2024	$504K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $703K Management & general 11% · $86K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation

Christopher S Morin

President

$0Pt VII · Sec A

Ian Wrigglesworth

Vice President

$0Pt VII · Sec A

Luke Uithoven

Secretary

$0Pt VII · Sec A

Nicole Wolfe Stout

Treasurer

$0Pt VII · Sec A

Michael McGrory

Director

$0Pt VII · Sec A

Raffaella Basile

Director

$0Pt VII · Sec A

Andy Trundle

Director

$0Pt VII · Sec A

Kristen Suarez

Director

$0Pt VII · Sec A

See Aviation Insurance Association executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates members about aviation insurance.

Questions for Aviation Insurance Association

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3 programs · $703K · in their own filed words · FY2024

01

Conferences

A venue to trade experiences, create business partnerships, and discuss the current state of the industry from each segment of the association. Network with your peers over cocktails during the opening reception, get indepth knowledge at the continuing education sessions, and learn what is to come for the aviation insurance industry from…

$333Kprogram expense

02

Membership

Networking and developing relationships with others in the aviation insurance INDUSTRY.EDUCATIONAL programs: self-study and classroom training for new employees, to meet cie requirements and qualification for the prestigious caip designation.

$285Kprogram expense

03

Education

The association offers several programs to those interested in enhancing their industry knowledge, some of the classes we offer will help those new to the industry get acclimated to the field while others are designed to help professionals earn their certified aviation insurance professional designation.

$85Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$957K

Ln 12

Fees for servicesLn 2g$928K

Investment incomeLn 3$28K

Money outPt IX

$789K

Ln 25

Programscol B$703K

Managementcol C$86K

Owns and owesPt X

$504K

net assets · Ln 32

Cash and savingsLn 1–2$527K

Total assetsLn 16$618K

LiabilitiesLn 26$114K

PeoplePt VI, VII

16

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$928K

Investment incomeLn 3$28K

Total revenueLn 12$957K

Assets in detailPt X, end of year

CashLn 1$527K

Cash and savings togetherLn 1–2$527K

Accounts receivableLn 4$30K

Prepaid expenses and deferred chargesLn 9$61K

Total assetsLn 16$618K

LiabilitiesLn 26$114K

Net assetsLn 32$504K

OperationsPt I, VI

EmployeesI 50

VolunteersI 614

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$418K	$527K
Total assetsLn 16	$491K	$618K
LiabilitiesLn 26	$155K	$114K
Net assetsLn 32	$336K	$504K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$267K	$214K	$53K
Accounting feesLn 11c	$750		$750
Other fees for servicesLn 11g	$3K	$3K
Office expensesLn 13	$37K	$24K	$13K
Information technologyLn 14	$5K	$5K	$106
TravelLn 17	$62K	$56K	$7K
Conferences, conventions and meetingsLn 19	$282K	$282K	$522
InsuranceLn 23	$3K	$256	$3K
Other expenses (24a–d)Ln 24	$128K	$120K	$9K
Total functional expensesLn 25	$789K	$703K	$86K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 15, 2025	$957K	$789K	$168K	$504K	990 PDF
FY2023Filed with the IRS Nov 14, 2024	$864K	$831K	$33K	$336K	990 PDF
FY2022Filed with the IRS Nov 15, 2023	$714K	$704K	$10K	$303K	990 PDF
FY2021Filed with the IRS Nov 9, 2022	$232K	$312K	−$80K	$293K	990 PDF
FY2020Filed with the IRS Nov 1, 2021	$386K	$276K	$110K	$373K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $956,641 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $863,453$928,445

I-10 Investment incomePrior year $10$28,196

I-11 Other revenuePrior year $903$0

I-12 Total revenuePrior year $864,366$956,641

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $831,305$788,750

I-18 Total expensesPrior year $831,305$788,750

I-19 Revenue less expensesPrior year $33,061$167,891

Part VI · Governance 16 of 16 board members independent, 3 to look at

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $956,641 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $928,445$928,445

VIII-3 Investment incomeExcluded from tax $28,196$28,196

VIII-12 Total revenueRelated to mission $928,445 · Unrelated business $0 · Excluded from tax $28,196$956,641

Part IX · Statement of functional expenses $788,750 across 9 lines filed

IX-11a Management feesPrograms $213,772 · Management $53,443$267,215

IX-11c Accounting feesManagement $750$750

IX-11g Other fees for servicesPrograms $2,600$2,600

IX-13 Office expensesPrograms $24,065 · Management $12,645$36,710

IX-14 Information technologyPrograms $5,105 · Management $106$5,211

IX-17 TravelPrograms $55,679 · Management $6,655$62,334

IX-19 Conferences, conventions and meetingsPrograms $281,599 · Management $522$282,121

IX-23 InsurancePrograms $256 · Management $3,186$3,442

IX-24 Other expenses (24a–d)Programs $119,717 · Management $8,650$128,367

IX-25 Total functional expensesPrograms $702,793 · Management $85,957 · Fundraising $0$788,750

Part X · Balance sheet $618,155 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $418,212$527,202

X-4 Accounts receivableStart of year $19,627$29,734

X-9 Prepaid expenses and deferred chargesStart of year $53,127$61,219

X-16 Total assetsStart of year $490,966$618,155

X-17 Accounts payable and accrued expensesStart of year $15,584$7,467

X-19 Deferred revenueStart of year $139,490$106,905

X-26 Total liabilitiesStart of year $155,074$114,372

X-27 Net assets without donor restrictionsStart of year $335,892$503,783

X-32 Total net assets or fund balancesStart of year $335,892$503,783

X-33 Total liabilities and net assetsStart of year $490,966$618,155

Part XI · Reconciliation of net assets $503,783 net assets at year end

XI-1 Total revenue$956,641

XI-2 Total expenses$788,750

XI-3 Revenue less expenses$167,891

XI-4 Net assets at start of year$335,892

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$503,783

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Aviation Insurance Association

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Aviation Insurance Association

Conferences

Membership

Education

By the numbers

Filing history

Schedules filed Part IV