FLIGHT SAFETY FOUNDATION INC

EIN: 135656187 501(c)(3) Public Safety

ALEXANDRIA, VA

Total Revenue
$3,970,958
Total Expenses
$3,976,731
Total Assets
$3,740,392
Net Assets
$2,369,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
NY
Principal Officer
DR HASSAN SHAHIDI
Phone
7037396700
Tax Period
2023-01-01 to 2023-12-31

FLIGHT SAFETY FOUNDATION INC, founded in 1945, is a community nonprofit in the Public Safety sector that reported $4.0M in total revenue in fiscal year 2023.

Mission

1. PROMOTE AND FACILITATE THE GLOBAL APPLICATION OF LEADING AVIATION SAFETY ASSESSMENTS, STANDARDS AND PRACTICES.2. DEVELOP GLOBAL SOLUTIONS TO KEY AVIATION SAFETY CHALLENGES.

Program Service Accomplishments

Program 1
Expenses: $1,369,469 Revenue: $1,722,766

TECHNICAL, RESEARCH, LIBRARY, AND OTHER: FSF'S TECHNICAL DEPARTMENT ENGAGES WITH INTERNATIONAL ORGANIZATIONS AND WORK GROUPS AND FOCUSES ITS EFFORTS ON SAFETY-RELATED RESEARCH VIA FUNDED PROGRAMS...

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TECHNICAL, RESEARCH, LIBRARY, AND OTHER: FSF'S TECHNICAL DEPARTMENT ENGAGES WITH INTERNATIONAL ORGANIZATIONS AND WORK GROUPS AND FOCUSES ITS EFFORTS ON SAFETY-RELATED RESEARCH VIA FUNDED PROGRAMS. THIS ALSO INCLUDES THE AUSTRALIA SUBSIDIARY, WHICH PROVIDES AVIATION SAFETY TRAINING AND THE SINGAPORE BRANCH, ESTABLISHED IN 2023, WHICH OPERATES THE FLIGHT SAFETY FOUNDATION ASIA PACIFIC CENTRE FOR AVIATION SAFETY (AP-CAS) PRINCIPALLY TO CARRY OUT RESEARCH AND ANALYSIS OF AVIATION SAFETY ISSUES IN THE ASIA PACIFIC REGION. SOME OF THE FUNDED PROGRAMS ARE DETAILED IN THE NEXT FEW BULLET POINTS:- SKYBRARY: FSF PROVIDES CONTENT REVIEW AND EDITORIAL SUPPORT THAT ENHANCES THE CONTENT AND ACCURACY OF SAFETY INFORMATION.- INNOVATIONS IN TECHNOLOGY AND PROCESSES FOR CAST/ASIAS TRANSFORMATION: FSF IS PERFORMING RESEARCH ON COLLABORATIVE SAFETY PROCESSES AND TOOLS, INCLUDING THOSE EMPLOYING ADVANCED COMPUTING. - ADVANCED AVIATION SAFETY MANAGEMENT SYSTEM: THIS WORK FOCUSES ON IDENTIFYING THE RESEARCH NEEDED TO IMPLEMENT STATE-OF-THE-ART TECHNIQUES, CAPABILITIES, AND POLICIES FOR ENHANCING AVIATION SAFETY WORLD-WIDE AND FOR ENABLING INNOVATION IN AVIATION TECHNOLOGIES AND OPERATIONS. - INTEGRATED SAFETY ASSURANCE RESEARCH STRATEGY ALIGNMENT: FSF ASSESSED AVIATION COMMUNITY PRIORITIES THAT CAN INFORM RESEARCH EFFORTS ENABLING THE SKY FOR ALL CONCEPT, INCLUDING THE ASSESSMENT OF THE ALIGNMENT BETWEEN THE CURRENT SKY FOR ALL ROADMAP AND THE ROADMAP FOR THE IN-TIME AVIATION SAFETY MANAGEMENT SYSTEM.- ASSESSMENT OF AVIATION STAKEHOLDER PRIORITIES AND NEEDS FOR THE EVOLUTION TO IN-TIME AVIATION SAFETY MANAGEMENT: FSF EXPLORED THE POTENTIAL OPERATOR BENEFITS POOL ASSOCIATED WITH IMPLEMENTATION OF THE IN-TIME AVIATION SAFETY MANAGEMENT SYSTEM (IASMS) AND ASSESS KEY DEPENDENCIES ASSOCIATED WITH IMPLEMENTATION OF IASMS.- DEVELOPMENT OF A CONCEPT AND PATH FORWARD FOR FUTURE AVIATION OPERATIONS: THIS PROJECT PROVIDES SUPPORT FOR THE DEVELOPMENT OF SKY FOR ALL, A CONCEPT FOR THE FUTURE OPERATION OF THE NATIONAL AIRSPACE SYSTEM.- INITIAL SAFETY ASSESSMENT FOR DIGITAL FLIGHT: THIS PROJECT INVOLVES 1) A QUALITATIVE ASSESSMENT OF THE SAFETY RISKS/BENEFITS OF A DIGITAL FLIGHT AND 2) A QUALITATIVE ASSESSMENT OF HOW DIGITAL FLIGHT RELATES TO THE IN-TIME AVIATION SAFETY MANAGEMENT SYSTEM CONCEPT AND ROADMAP.- DUAL REGISTRATION STUDY: FSF STUDIED THE IMPACT OF INTERNATIONAL AVIATION SANCTIONS ON THE ABILITY TO SUSTAIN AND VERIFY THE SAFETY OF WESTERN-BUILT AIRCRAFT OPERATED BY AIR OPERATORS FROM COUNTRIES AFFECTED BY SANCTIONS. A SERIES OF REPORTS WERE PRODUCED THAT ADDRESSED REGULATORY NONCOMPLIANCE MATTERS AND PROVIDED EXPERT ASSESSMENT OF SAFETY CONCERNS.- SAFETY 2: FSF DEVELOPED A NEW FRAMEWORK TO LEVERAGE OPERATIONAL INFORMATION TO ENHANCE SAFETY THROUGH APPLYING BEST PRACTICES FROM POSITIVE OUTCOMES IN NORMAL OPERATIONS.- ASIA PACIFIC SAFETY DATA SHARING DEMONSTRATION PROJECT: FSF, IN COLLABORATION WITH MITRE AND SEVERAL PARTICIPATING CIVIL AVIATION AUTHORITIES IN ASIA PACIFIC IDENTIFIED SAFETY HAZARDS AND RISKS IN AIR SAFETY AND PROVIDED LISTS OF POTENTIAL MITIGATION APPROACHES.- ASIA PACIFIC CENTRE FOR AVIATION SAFETY: THE FSF ASIA PACIFIC CENTRE FOR AVIATION SAFETY CONDUCTS STUDIES ON REGIONAL SAFETY ISSUES THAT INCLUDE RECOMMENDATIONS TO STRENGTHEN SAFETY AND ASSISTS REGULATORS AND INDUSTRY TO IMPLEMENT THE RECOMMENDATIONS.

Program 2
Expenses: $1,041,927 Revenue: $665,940

SEMINARS: FLIGHT SAFETY FOUNDATION HOSTED FIVE EVENTS IN 2023: AP SAS IN SINGAPORE, BASS IN NEW ORLEANS, LOUISIANA, SAFETY FORUM, IN BRUSSELS, BELGIUM, THE NETWORKING DINNER IN WASHINGTON DC, AND...

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SEMINARS: FLIGHT SAFETY FOUNDATION HOSTED FIVE EVENTS IN 2023: AP SAS IN SINGAPORE, BASS IN NEW ORLEANS, LOUISIANA, SAFETY FORUM, IN BRUSSELS, BELGIUM, THE NETWORKING DINNER IN WASHINGTON DC, AND IASS IN PARIS, FRANCE. FSF'S EVENTS ARE GATHERINGS OF AVIATION PROFESSIONALS, DESIGNED FOR PEOPLE WITH RESPONSIBILITY FOR SAFETY IN DESIGN, MANUFACTURING, DEVELOPMENT, TRAINING, MAINTENANCE, AND OPERATIONS. LEADING AVIATION SPECIALISTS EXCHANGE INFORMATION AND OFFER DIRECTIONS FOR FURTHER RISK REDUCTION.

Program 3
Expenses: $318,698

COMMUNICATIONS: THE FSF COMMUNICATIONS DEPARTMENT DISSEMINATES INFORMATION ABOUT AVIATION SAFETY, INCLUDING THE SAFETY INITIATIVES DEVELOPED BY THE FOUNDATION AT ITS MAIN OFFICE IN ALEXANDRIA...

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COMMUNICATIONS: THE FSF COMMUNICATIONS DEPARTMENT DISSEMINATES INFORMATION ABOUT AVIATION SAFETY, INCLUDING THE SAFETY INITIATIVES DEVELOPED BY THE FOUNDATION AT ITS MAIN OFFICE IN ALEXANDRIA, VIRGINIA, AND A REGIONAL OFFICE IN MELBOURNE, AUSTRALIA. THE DEPARTMENT PRODUCES AEROSAFETY WORLD, THE FOUNDATION'S ONLINE MAGAZINE, AND IS RESPONSIBLE FOR OTHER ELEMENTS OF THE FOUNDATION'S WEBSITE, SPECIAL REPORTS, NEWS RELEASES, AND SOCIAL MEDIA.

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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 $131,778
Program Service Revenue $3,841,193
Investment Income $-7,661
Other Revenue $5,648
TOTAL REVENUE $3,970,958

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,292,187
Fundraising Expenses $0
Program Expenses $2,997,249
Other Expenses $1,684,544
TOTAL EXPENSES $3,976,731

Year-over-Year Comparison

2023 2022 Change
Revenue $3,970,958 $3,730,138 +0.1%
Expenses $3,976,731 $3,340,101 +0.2%
Net Income $-5,773 $390,037 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
25
Employees
19
Volunteers
26

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
5
$397,004
Total Directors
27
$397,004
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HASSAN SHAHIDI PRESIDENT/CEO 40.00
Officer Director
$336,423 $60,581 $397,004
BOBBI WELLS CHAIRMAN 2.00
Officer Director
$0 $0 $0
CONOR NOLAN PAST CHAIRMAN 2.00
Officer Director
$0 $0 $0
KENNETH P QUINN ESQ GEN COUNSEL/SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN WATRET TREASURER 1.00
Officer Director
$0 $0 $0
MARK BURTONWOOD DIRECTOR 1.00
Director
$0 $0 $0
DAVID CARBON DIRECTOR 1.00
Director
$0 $0 $0
WARREN CHRISTIE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GAMLIN DIRECTOR 1.00
Director
$0 $0 $0
SHAI GILL DIRECTOR 1.00
Director
$0 $0 $0
PEGGY GILLIGAN DIRECTOR 1.00
Director
$0 $0 $0
TAY TIANG GUAN DIRECTOR 1.00
Director
$0 $0 $0
GRETCHEN HASKINS DIRECTOR 1.00
Director
$0 $0 $0
DANNY C HO DIRECTOR 1.00
Director
$0 $0 $0
CRAIG HOSKINS DIRECTOR 1.00
Director
$0 $0 $0
SASHA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
DAVID LOFFING DIRECTOR 1.00
Director
$0 $0 $0
GILBERTO LOPEZ-MEYER DIRECTOR 1.00
Director
$0 $0 $0
YANNICK MALINGE DIRECTOR 1.00
Director
$0 $0 $0
HOUSTON MILLS DIRECTOR 1.00
Director
$0 $0 $0
IRENE MUTUNGI DIRECTOR 1.00
Director
$0 $0 $0
ALINA NASSAR DIRECTOR 1.00
Director
$0 $0 $0
HOLGER PAULMANN DIRECTOR 1.00
Director
$0 $0 $0
CAMERON ROSS DIRECTOR 1.00
Director
$0 $0 $0
MARIO SIBRIAN DIRECTOR 1.00
Director
$0 $0 $0
PETER STEIN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL WHITAKER DIRECTOR (TO OCT '23) 1.00
Director
$0 $0 $0
FRANCIS JACKMAN VP COMMUNICATIONS 40.00
Highest
$160,232 $50,611 $210,843
BRIAN HOLGUIN PROGRAM DIRECTOR 40.00
Highest
$138,067 $40,613 $178,680
HARRISON WOLF PROGRAM DIRECTOR, ADVANCED AVIATION 40.00
Highest
$115,824 $23,467 $139,291
SOPHIA GHEZEI PROGRAM DIRECTOR (TO SEP'23) 40.00
Highest
$106,577 $19,921 $126,498
CLAUDIA JOHNSON CONTROLLER 40.00
Highest
$106,352 $21,415 $127,767
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 No data No data No data No data
2023 $3,970,958 $3,976,731 $3,740,392 $-5,773
2022 $3,730,138 $3,340,101 $2,950,532 $390,037
2021 $3,156,585 $2,578,484 $3,531,593 $578,101
2020 $2,476,876 $2,293,333 $2,510,881 $183,543
2019 $2,816,973 $3,227,753 $1,963,090 $-410,780
2018 $3,441,480 $3,545,688 $2,421,574 $-104,208
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