WASHINGTON AEROSPACE SCHOLARS FOUNDATION (EIN 205085342) - Form 990 Financial Analysis & Trantor Score

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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.

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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