OHIO AEROSPACE INSTITUTE

EIN: 341621676 501(c)(3) Science & Technology

BROOKPARK, OH

Total Revenue
$24,213,958
Total Expenses
$23,209,860
Total Assets
$12,843,690
Net Assets
$7,241,618
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OH
Principal Officer
DENNIS ANDERSH
Phone
4409623000
Tax Period
2024-07-01 to 2025-06-30

OHIO AEROSPACE INSTITUTE, founded in 1989, is a mid-sized nonprofit in the Science & Technology sector that reported $24.2M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $23.2M left a modest 4% surplus.

Mission

THE PRIMARY TAX-EXEMPT PURPOSE IS TO FURTHER HUMAN SCIENTIFIC AND ENGINEERING KNOWLEDGE IN A BROAD ARRAY OF AEROSPACE RELATED DISCIPLINES THROUGH INVESTIGATIONAL AND DEVELOPMENTAL RESEARCH; TO BUILD OHIO'S AEROSPACE ECONOMY THROUGH RESEARCH AND TECHNOLOGY, EDUCATION AND TRAINING, AND COLLABORATION AND INFORMATION EXCHANGE. TO FURTHER THE SCIENTIFIC AND ENGINEERING EDUCATION OF DOCTORAL LEVEL GRADUATE AND CONTINUING EDUCATION STUDENTS THROUGH AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, COLLEGES AND UNIVERSITIES IN OHIO, AND TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF AND COOPERATION WITH SUCH EDUCATION. TO SPONSOR, PROMOTE AND DISSEMINATE AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, COLLEGES AND UNIVERSITIES IN OHIO; TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF AND COOPERATION WITH SUCH RESEARCH; AND TO DEVELOP AEROSPACE RESEARCH AND GRADUATE EDUCATION RESOURCES IN OHIO.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $150,625
Program Service Revenue $23,633,970
Investment Income $87,106
Other Revenue $342,257
TOTAL REVENUE $24,213,958

Expense Breakdown

Grants Paid $1,945,945
Salaries & Benefits $6,300,561
Fundraising Expenses $0
Program Expenses $21,666,198
Other Expenses $14,963,354
TOTAL EXPENSES $23,209,860

Year-over-Year Comparison

2024 2023 Change
Revenue $24,213,958 $17,058,955 +0.4%
Expenses $23,209,860 $17,003,127 +0.4%
Net Income $1,004,098 $55,828 +17.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
6
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS ANDERSH CEO & PRESID 40.00
Officer Director
$0 $0 $0
DR CHRISTINA BLOEBAUM DIRECTOR 0.00
Director
$0 $0 $0
GAIL DOMAN-SMITH DIRECTOR 0.00
Director
$0 $0 $0
LLOYD FIELDS DIRECTOR 0.00
Director
$0 $0 $0
DR CARLOS GRODSINSKY DIRECTOR 0.00
Director
$0 $0 $0
WAYNE DENNY JR BOARD CHAIR 0.00
Officer Director
$0 $0 $0
LT GEN RET CD MOORE DIRECTOR 0.00
Director
$0 $0 $0
CHRIS HOCEVAR CFO & TREASU 40.00
Officer
$0 $0 $0
LEIGH OLDHAM VP OF HR & S 40.00
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
2025 $24,213,958 $23,209,860 $12,843,690 $1,004,098
2024 $17,058,955 $17,003,127 $14,156,536 $55,828
2023 $8,330,588 $9,198,198 $8,927,929 $-867,610
2022 $8,780,189 $8,788,953 $8,801,598 $-8,764
2021 $10,021,750 $10,442,590 $8,809,588 $-420,840
2020 $13,893,174 $13,706,205 $9,660,989 $186,969
2019 $14,234,933 $14,405,769 $9,081,326 $-170,836
2018 $16,320,870 $16,065,550 $9,905,392 $255,320
Explore More Nonprofits
Top 100 Nonprofits in Ohio Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare OHIO AEROSPACE INSTITUTE with other nonprofits in Ohio and across the country.