INSTITUTE OF FLIGHT

EIN: 201638987 501(c)(3)

ARLINGTON, WA

Total Revenue
$1,701,202
Total Expenses
$2,451,193
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WA
Principal Officer
JEFFERY J VAN DYCK
Phone
4253308008
Tax Period
2018-01-01 to 2018-12-31

INSTITUTE OF FLIGHT, founded in 2004, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2018. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 44% operating deficit.

Mission

OUR MISSION: THE INSTITUTE OF FLIGHT INSPIRES AND NURTURES MULTI-GENERATIONAL LOCAL AND GLOBAL VISITORS THROUGH IMMERSIVE HANDS-ON EXHIBITS, TOURS, AND AEROSPACE EDUCATION EXPERIENCES.OUR VISION: IGNITING PASSION FOR THE FUTURE OF AEROSPACE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $28,769
Program Service Revenue $1,763,338
Investment Income $-92,288
Other Revenue $1,383
TOTAL REVENUE $1,701,202

Expense Breakdown

Grants Paid $576,556
Salaries & Benefits $1,475,490
Fundraising Expenses $70,423
Program Expenses $1,892,220
Other Expenses $399,147
TOTAL EXPENSES $2,451,193

Year-over-Year Comparison

2018 2017 Change
Revenue $1,701,202 $2,200,520 -0.2%
Expenses $2,451,193 $2,192,209 +0.1%
Net Income $-749,991 $8,311 -91.2%
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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Governance

Voting Members
15
Independent Members
15
Employees
50
Volunteers
64

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
7
$302,225
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAMERON PERCY PRESIDENT 4.00
Officer Director
$0 $0 $0
MARY KAYE BREDESON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
AKHIL PATEL TREASURER 2.00
Officer Director
$0 $0 $0
TERRY WALKER SECRETARY 2.00
Officer Director
$0 $0 $0
NICHOLAS PATRICK PAST PRESIDENT 2.00
Director
$0 $0 $0
PAUL PITRE BOARD MEMBER 2.00
Director
$0 $0 $0
KEVIN AUSTIN BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT PROSCH BOARD MEMBER 2.00
Director
$0 $0 $0
ANNRENE JOSEPH BOARD MEMBER 2.00
Director
$0 $0 $0
BRIAN SULLIVAN BOARD MEMBER 2.00
Director
$0 $0 $0
CHAD JENNINGS BOARD MEMBER 2.00
Director
$0 $0 $0
TIM SIKORA BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICK PIERCE BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREW BALLARD BOARD MEMBER 2.00
Director
$0 $0 $0
DAN OLSON BOARD MEMBER 2.00
Director
$0 $0 $0
JEFF MASIWCHUK BOARD MEMBER 2.00
Director
$0 $0 $0
KENDEE YAMAGUCHI BOARD MEMBER 2.00
Director
$0 $0 $0
BRETT HEINRICHS BOARD MEMBER 2.00
Director
$0 $0 $0
ANDY BUCHAN BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT POLLACK BOARD MEMBER 2.00
Director
$0 $0 $0
BONNIE HILORY EXEC. DIRECTOR THRU 01/18 40.00
Officer
$42,205 $0 $42,205
JEFFERY J VAN DYCK EXEC. DIRECTOR FROM 01/18 40.00
Officer
$122,573 $500 $123,073
MOLLY BRODIE CHIEF FINANCIAL OFFICER 40.00
Officer
$126,544 $10,403 $136,947
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
2018 $1,701,202 $2,451,193 No data $-749,991
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