WASHINGTON AEROSPACE SCHOLARS FOUN… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

JOVONIA TAYLOR

Phone

2067645700

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON AEROSPACE SCHOLARS FOUNDATION, founded in 2006, is a small nonprofit in the Science & Technology sector that reported $247K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $428K exceeded revenue, resulting in a 73% operating deficit.

Mission

PROMOTE SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) THROUGH A STATEWIDE INTERACTIVE LEARNING EXPERIENCE AND RESIDENCY AT THE MUSEUM OF FLIGHT IN SEATTLE FOR HIGH SCHOOL JUNIORS IN WASHINGTON STATE.

Program Service Accomplishments

Program 1

Expenses: $374,092 Revenue: $99,763

THE WASHINGTON AEROSPACE SCHOLARS FOUNDATION (WAS) PROGRAM, HOSTED BY THE MUSEUM OF FLIGHT IN SEATTLE, WAS MODELED AFTER A SUCCESSFUL NASA PROGRAM TO PROMOTE SCIENCE, TECHNOLOGY, ENGINEERING, AND...

THE WASHINGTON AEROSPACE SCHOLARS FOUNDATION (WAS) PROGRAM, HOSTED BY THE MUSEUM OF FLIGHT IN SEATTLE, WAS MODELED AFTER A SUCCESSFUL NASA PROGRAM TO PROMOTE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) LEARNING AMONG HIGH SCHOOL JUNIORS. WAS IS COMPOSED OF TWO PARTS: (1) A FIVE-MONTH COMPETITIVE STATEWIDE INTERACTIVE ONLINE LEARNING EXPERIENCE FOLLOWED BY (2) A SIX-DAY SUMMER "DESIGN" EXPERIENCE HOSTED BY THE MUSEUM OF FLIGHT. DURING THE SUMMER RESIDENCY, OVER 130 STUDENTS JOINED US IN-PERSON AT THE MUSEUM OF FLIGHT, ALONG WITH 12 WASHINGTON STATE CERTIFIED TEACHERS, TO WORK IN COLLABORATIVE TEAMS WITH INPUT FROM PROFESSIONAL SCIENTISTS AND ENGINEERS ON THE DESIGN OF A HUMAN MISSION TO MARS. THEY ALSO TOURED STEM INDUSTRY FACILITIES AND COMPETED IN A HANDS-ON ENGINEERING CHALLENGES. AFTER COMPLETING THE PROGRAM, STUDENTS ARE ENCOURAGED TO PURSUE STEM CAREERS AND REPORT THEIR POST-HIGH SCHOOL COLLEGE AND DEGREE FIELD CHOICES TO THE WAS ALUMNI ASSOCIATION. THE PROGRAM WAS FUNDED THROUGH PRIVATE SOURCES SO THAT ANY INSPIRED STUDENT WILLING TO WORK COULD PARTICIPATE, REGARDLESS OF ECONOMIC ABILITY. STUDENTS REPRESENT MANY LEGISLATIVE DISTRICTS AND SCHOOL DISTRICTS ACROSS THE STATE. AS OF DECEMBER 2024, OVER 4,000 STUDENTS HAVE PARTICIPATED IN THE DISTANCE LEARNING PORTION OF THE WASHINGTON AEROSPACE SCHOLARS PROGRAM AND 2,303 STUDENTS HAVE PARTICIPATED IN A SUMMER EXPERIENCE AND BECAME PROGRAM ALUMNI.

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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 (2024)

Revenue Breakdown

Contributions & Grants $146,983

Program Service Revenue $99,763

Investment Income $142

Other Revenue $0

TOTAL REVENUE $246,888

Expense Breakdown

Grants Paid $12,795

Salaries & Benefits $157,764

Fundraising Expenses $4,777

Program Expenses $374,092

Other Expenses $257,143

TOTAL EXPENSES $427,702

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,888	$338,021	-0.3%
Expenses	$427,702	$369,183	+0.2%
Net Income	$-180,814	$-31,162	+4.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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
JOVONIA TAYLOR	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARISA HERRERA PHD	VICE PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN DOUGLAS	DIRECTOR/SECRETARY	2.00	Officer Director	$0	$0	$0
LUCIA BLACKWELL	DIRECTOR	2.00	Director	$0	$0	$0
LUCY CASALE	DIRECTOR	2.00	Director	$0	$0	$0
ALFONSO GONZALEZ	DIRECTOR	2.00	Director	$0	$0	$0
SHAWNA RYAN	DIRECTOR	2.00	Director	$0	$0	$0
DARCI SNOWDEN	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT WALSTON	DIRECTOR	2.00	Director	$0	$0	$0
DANA RILEY BLACK	DIRECTOR	5.00	Director	$0	$0	$0
LYNDA KING	CFO	2.00	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	$246,888	$427,702	$269,161	$-180,814
2023	$338,021	$369,183	$448,873	$-31,162
2022	$488,229	$314,368	$480,035	$173,861
2021	$530,904	$320,998	$306,174	$209,906
2020	$442,713	$367,519	$269,064	$75,194
2019	$608,938	$576,211	$268,672	$32,727
2018	$469,731	$507,081	$230,151	$-37,350

WASHINGTON AEROSPACE SCHOLARS FOUNDATION