NATIONAL INSTITUTE OF AEROSPACE FO… - 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

2007

Legal Domicile

Principal Officer

DOUGLAS D STANLEY

Phone

7573256700

Tax Period

2021-10-01 to 2022-09-30

NATIONAL INSTITUTE OF AEROSPACE FOUNDATION, founded in 2007, is a micro nonprofit that reported $721 in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $29K exceeded revenue, resulting in a 3991% operating deficit.

Mission

TO SUPPORT THE CHARITABLE, EDUCATIONAL, AND RESEARCH PURPOSES OF THE NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES.

Program Service Accomplishments

Program 1

Expenses: $29,499

NO OPERATIONS WERE CONDUCTED DURING THE YEAR. THE FOUNDATION TRANSFERRED ALL REMAINING ASSETS TO ITS SUPPORTED ORGANIZATION, NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES, AND DISSOLVED.

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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 (2021)

Revenue Breakdown

Contributions & Grants $718

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $721

Expense Breakdown

Grants Paid $29,499

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,499

Other Expenses $0

TOTAL EXPENSES $29,499

Year-over-Year Comparison

	2021	2020	Change
Revenue	$721	$82,817	-1.0%
Expenses	$29,499	$82,820	-0.6%
Net Income	$-28,778	$-3	+9591.7%

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

N/A

Volunteers

N/A

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

$707,819

Total Directors

$480,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BARRY L BURKS	CHAIR AND TRUSTEE	1.00	Director	$0	$0	$5,000
BO WALKLEY	TRUSTEE	1.00	Director	$0	$0	$0
DR CALVIN W LOWE	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS O STANLEY	TRUSTEE & EXECUTIVE DIRECTOR	1.00	Director	$0	$51,566	$475,902
KERRY L CHRISTIAN	TREASURER	1.00	Officer	$0	$24,800	$282,630
KARL L DREWS	SECRETARY UNTIL 5/12/2022	1.00	Officer	$0	$26,910	$196,642
CATHERINE HOPKINS	SECRETARY FROM 5/18/2022	1.00	Officer	$0	$29,563	$228,547

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
2022	$721	$29,499	No data	$-28,778
2021	$82,817	$82,820	$28,778	$-3
2020	$104	$15,500	$28,781	$-15,396
2019	$13,767	$6,641	$44,177	$7,126
2018	$86,113	$85,887	$38,003	$226

NATIONAL INSTITUTE OF AEROSPACE FOUNDATION