VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY

EIN: 110461385 501(c)(3) Education

FLUSHING, NY

Total Revenue
$42,613,847
Total Expenses
$43,257,669
Total Assets
$84,761,421
Net Assets
$28,170,410
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
NY
Principal Officer
DR SHARON DEVIVO
Phone
7184296600
Tax Period
2023-09-01 to 2024-08-31

VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY, founded in 1932, is a mid-sized nonprofit in the Education sector that reported $42.6M in total revenue in fiscal year 2023.

Mission

TO CHANGE THE WORLD ONE STUDENT AT A TIME WITH A TRANSFORMATIONAL EDUCATION THAT CREATES A LIFETIME OF OPPORTUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,193,155
Program Service Revenue $30,888,772
Investment Income $5,379,094
Other Revenue $152,826
TOTAL REVENUE $42,613,847

Expense Breakdown

Grants Paid $3,744,422
Salaries & Benefits $17,615,628
Fundraising Expenses $546,150
Program Expenses $32,337,923
Other Expenses $21,897,619
TOTAL EXPENSES $43,257,669

Year-over-Year Comparison

2023 2022 Change
Revenue $42,613,847 $40,693,540 +0.0%
Expenses $43,257,669 $43,562,964 0.0%
Net Income $-643,822 $-2,869,424 -0.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
11
Employees
472
Volunteers
11

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$1,253,675
Total Directors
15
$417,816
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
APRIL GASPARRI TRUSTEE 1.00
Director
$0 $0 $0
BARRY ECCLESTON TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS IZARRA TRUSTEE 1.00
Director
$0 $0 $0
DR DALMA NOVAK SECRETARY 1.00
Officer Director
$0 $0 $0
DR SHARON B DEVIVO PRESIDENT 40.00
Officer Director
$408,719 $9,097 $417,816
KATHERINE B POSNER TRUSTEE (OUTGOING) 1.00
Director
$0 $0 $0
KEN STAUFFER TRUSTEE (OUTGOING) 1.00
Director
$0 $0 $0
LYSA C SCULLY LEIPONIS SECRETARY (OUTGOING) 1.00
Officer Director
$0 $0 $0
MARY WARD-CALLAN TREASURER 1.00
Officer Director
$0 $0 $0
OSWIN MOORE VICE CHAIR 1.00
Officer Director
$0 $0 $0
PATTY CLARK TRUSTEE 1.00
Director
$0 $0 $0
PETER A VAUGHN CHAIR 1.00
Officer Director
$0 $0 $0
RODERICK K RANDALL TRUSTEE 1.00
Director
$0 $0 $0
SURYA RAGHU TRUSTEE 1.00
Director
$0 $0 $0
TERI BRISTOL TRUSTEE 1.00
Director
$0 $0 $0
DOMENIC PROSCIA VP TRAINING 40.00
Officer
$187,031 $4,717 $191,748
KELLI L SMITH VP STUDENT AFFAIRS 40.00
Officer
$158,821 $2,322 $161,143
PAUL LAVERGNE VP ACADEMIC AFFAIRS 40.00
Officer
$171,014 $40,980 $211,994
ROBERT G WALDMANN VP FIN. & BUS. SERV. 40.00
Officer
$264,407 $6,567 $270,974
AMIR ELZAWAWY PROFESSOR 40.00
Highest
$150,064 $18,552 $168,616
GHANIA BENBELKACEM ASSISTANT PROFESSOR 40.00
Highest
$150,238 $18,089 $168,327
HOSSEIN RAHEMI PROFESSOR, CHAIR 40.00
Highest
$175,927 $19,006 $194,933
MARGARET DUCHARME ASSOCIATE PROFESSOR 40.00
Highest
$150,945 $18,252 $169,197
RONALD RUGGERI INSTRUCTOR OF TECH. SPEC 40.00
Highest
$157,266 $1,393 $158,659
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $42,613,847 $43,257,669 $84,761,421 $-643,822
2023 $40,693,540 $43,562,964 $90,841,107 $-2,869,424
2022 $40,549,911 $43,389,503 $98,455,390 $-2,839,592
2021 $41,818,773 $44,761,879 $105,761,771 $-2,943,106
2020 $50,907,424 $50,942,722 $105,350,258 $-35,298
2019 $43,626,571 $45,496,322 $109,809,944 $-1,869,751
2018 $41,341,629 $42,840,296 $111,097,987 $-1,498,667
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