AEROX FOUNDATION FKA MRC

EIN: 371876713 501(c)(3) Youth Development

WINSTONSALEM, NC

Total Revenue
$405,000
Total Expenses
$409,547
Total Assets
$15,730
Net Assets
$15,730
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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
2017
Legal Domicile
NC
Principal Officer
BASIL YAP
Phone
3365058286
Tax Period
2023-01-01 to 2023-12-31

AEROX FOUNDATION FKA MRC, founded in 2017, is a small nonprofit in the Youth Development sector that reported $405K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

FOSTER AND SUPPORT STUDENTS INTERESTED IN SCIENCE, TECHNOLOGY, ENGINEERING, ART, AND MATH THROUGH ROBOTICS AND RELATED ENDEAVORS

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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 (2023)

Revenue Breakdown

Contributions & Grants $405,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $405,000

Expense Breakdown

Grants Paid $400,000
Salaries & Benefits $7,750
Fundraising Expenses $168
Program Expenses $9,547
Other Expenses $1,797
TOTAL EXPENSES $409,547

Year-over-Year Comparison

2023 2022 Change
Revenue $405,000 $458,500 -0.1%
Expenses $409,547 $440,051 -0.1%
Net Income $-4,547 $18,449 -1.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
4

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
L DAVID MOUNTS PRESIDENT 0.0
Officer Director
$0 $0 $0
BASIL YAP SECRETARY & TREASURER 0.0
Officer Director
$0 $0 $0
GEORGE PETERSON VP & EXECUTIVE DIRECTOR 0.0
Officer Director
$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 No data No data No data No data
2023 $405,000 $409,547 $15,730 $-4,547
2022 $458,500 $440,051 $20,277 $18,449
2021 $427,750 $437,019 $1,828 $-9,269
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