National Association of Rocketry

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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

1957

Legal Domicile

Principal Officer

John Hochheimer

Tax Period

2023-01-01 to 2023-12-31

National Association of Rocketry, founded in 1957, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

Association is a member hobby organization whose purpose is to promote the educational and scientific aspects of the hobby of model rocketry. The Association jointly sponsors the the America Rocketry Challenge for promoting scientific and space careers for young people, along with other activities that promote the hobby.

Program Service Accomplishments

Program 1

Expenses: $616,507 Revenue: $362,633

National and international events: 2 national level launches and 1 national convention, one national competition, one international competition to support flying interests of our members. Provide...

National and international events: 2 national level launches and 1 national convention, one national competition, one international competition to support flying interests of our members. Provide mentoring, observe student qualification flights, and staff a competition range for the America Rocketry Challenge which is a US 7-12 grade competition promoting science, technology, engineering and mathematic skills to encourage an interest in those fields for higher education and careers. These events benefit over 9,000 persons

Program 2

Expenses: $233,998 Revenue: $41,605

Publish Sport Rocketry Magazine, a full color bimonthly publication for hobby rocketry. Publish monthly electronic newsletter sent to membership to keep them informed about timely events. Noth the...

Publish Sport Rocketry Magazine, a full color bimonthly publication for hobby rocketry. Publish monthly electronic newsletter sent to membership to keep them informed about timely events. Noth the bimonthly magazine and monthly newsletters disseminate information to members regarding safety, education, technical topics, and member activities. Sport Rocketry Magazine and monthly newsletter benefit over 9,000 members.

Program 3

Expenses: $121,106

Provide members insurance - Association provides liability coverage of $5,000,000 to members, clubs, and landowners. Member insurance benefits all of our over 9,000 members and 230 sections.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $544,388

Program Service Revenue $512,579

Investment Income $10,921

Other Revenue $4,033

TOTAL REVENUE $1,071,921

Expense Breakdown

Grants Paid $64,266

Salaries & Benefits $185,762

Fundraising Expenses $0

Program Expenses $971,611

Other Expenses $362,351

TOTAL EXPENSES $1,132,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,071,921	$776,018	+0.4%
Expenses	$1,132,913	$750,458	+0.5%
Net Income	$-60,992	$25,560	-3.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

1000

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Wise	Secretary	2.00	Officer Director	$0	$0	$0
Jasper Barnett	Trustee	1.00	Director	$0	$0	$0
Steve Kristal	Vice President	1.00	Director	$0	$0	$0
Jim Wilkerson	Trustee	1.00	Director	$0	$0	$0
Lynn Thomas	Trustee	1.00	Director	$0	$0	$0
Becky Green	Trustee	1.00	Director	$0	$0	$0
Don Carson	Trustee	1.00	Director	$0	$0	$0
John Hochheimer	President	4.00	Officer	$0	$0	$0
Kevin Johnson	Treasurer	4.00	Officer	$0	$0	$0

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	$1,071,921	$1,132,913	$293,320	$-60,992
2022	$776,018	$750,458	$339,663	$25,560
2021	$639,191	$606,396	$328,509	$32,795
2020	$515,211	$621,496	$275,122	$-106,285
2019	$560,493	$651,782	$384,723	$-91,289
2018	$664,818	$621,696	$470,862	$43,122