Mr. Michael Strelka

Mr. Michael Strelka, Damos Aviation Services AssociateMr. Michael Strelka, CPA, CVA,  is an associate at Damos Aviation Services, Inc. Mr. Stelka received his BA in Accounting from Western Illinois University in 1973 and completed graduate work in taxation at DePaul University in 1977-1978.

Mr. Strelka began his career with the audit and investigations department of the Chicago Mercantile Exchange, where he eventually became acting head of the audit department. During his tenure at the CME, he discovered a suspect trading scheme. After his testimony before a U.S. House Agriculture sub-committee, corrective action became part of the Commodity Futures Trading Commission Act of 1974.

After passing the CPA examination in 1976, Michael Strelka moved to the public accounting sector. His experience over the past thirty plus years has included the audit and taxation of small to medium size closely held businesses, in manufacturing, retail, wholesale, professional practices, and non-profit organizations, as well as the taxation of individuals, estates and trusts.

After several years of assisting with the preparation of business appraisal reports, in 2001 Mr. Strelka became a Certified Valuation Analyst, through the National Association of Certified Valuators and Analysts, after passing a rigorous exam and preparation of a full business valuation report. Since then he has been involved in numerous valuation engagements of small to medium size businesses in a diverse array of business and ownership types.

Mr. Strelka  helped develop Damos Aviation Services’  life-time earnings model for Part 121 airline pilots. This model is designed to estimate the life-time earnings of pilots who have suffered lost wages from accidental death or disability. Mr. Stelka uses this model in his work with attorneys to estimate the life-time income for pilots who can no longer pursue a flying career.

Michael Strelka is licensed to practice as a public accountant in the State of Illinois and is a member of the American Institute of Certified Public Accountants, the Illinois Society of Certified Public Accountants, and the National Association of Certified Valuators and Analysts. In order to maintain his CPA license and to maintain his valuation certification, he is required to take 120 hours of continued professional education courses every three years, including courses related to business valuation.