Grand Forks, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UND Aerospace Foundation, founded in 1985, is a mid-sized nonprofit in the Education sector that reported $43.8M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $14.3M, a strong 33% operating margin.
To support the functions of, and to assist in carrying out the purposes of, the John D. Odegard School of Aerospace Sciences of the University of North Dakota.
The UND Aerospace Foundation (The Foundation) is a North Dakota nonprofit organization organized to encourage and develop the University of North Dakota's (UND) John D. Odegard School of Aerospace...
The UND Aerospace Foundation (The Foundation) is a North Dakota nonprofit organization organized to encourage and develop the University of North Dakota's (UND) John D. Odegard School of Aerospace Sciences. The Foundation's principal activities consist of developing and conducting training programs, research and development, and consulting services related to the aerospace industry. The Foundation's principal activities are in Grand Forks, ND, with a second flight training center located in Mesa, AZ. Aviation training - classroom, flight training, and support services delivered to pilot students at Grand Forks campus, with 13,669 flight training hours during the year.
Flight training center - flight training delivered to student pilots outside of the Grand Forks campus, primarily students enrolled in community college programs. Location is Mesa, Arizona with...
Flight training center - flight training delivered to student pilots outside of the Grand Forks campus, primarily students enrolled in community college programs. Location is Mesa, Arizona with 69,758 flight hours during the year.
Aircraft and simulator rental - rental receipts for aircraft and simulators for use at Grand Forks campus for flight training, primarily for use with the undergraduate students enrolled at the...
Aircraft and simulator rental - rental receipts for aircraft and simulators for use at Grand Forks campus for flight training, primarily for use with the undergraduate students enrolled at the University of North Dakota. Assets include aircraft and simulators.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $43,834,481 | $37,291,388 | +0.2% |
| Expenses | $29,581,466 | $25,607,905 | +0.2% |
| Net Income | $14,253,015 | $11,683,483 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Charles Pineo | Chief Executive Officer | 40.00 |
Officer
|
$382,050 | $71,044 | $453,094 |
| Robert Kraus | President | 5.00 |
Officer
|
$0 | $58,112 | $347,326 |
| Dana Sande | Vice President of Business | 40.00 |
Highest
|
$287,063 | $60,673 | $347,736 |
| Cara Miller | Chief Financial Officer | 40.00 |
Officer
|
$226,076 | $53,470 | $279,546 |
| Rex Ginder | Associate Director of Phoenix Flight Operations | 40.00 |
Highest
|
$140,101 | $46,334 | $186,435 |
| Chad Martin | Aircraft Sales & Project Manager | 40.00 |
Highest
|
$131,904 | $47,425 | $179,329 |
| Larry Martin | Chair | 5.00 |
Officer
Director
|
$30,000 | $0 | $30,000 |
| David Williamson | Director | 1.00 |
Director
|
$18,000 | $0 | $18,000 |
| James Bunke | Director | 1.00 |
Director
|
$18,000 | $0 | $18,000 |
| Karen Nyberg | Director | 1.00 |
Director
|
$18,000 | $0 | $18,000 |
| John Odegard | Director | 1.00 |
Director
|
$18,000 | $0 | $18,000 |
| Richard McConn | Director | 1.00 |
Director
|
$13,500 | $0 | $13,500 |
| Charles Kluenker | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Clay Lacy | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Charles Ahearn | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $43,834,481 | $29,581,466 | $122,981,561 | $14,253,015 |
| 2024 | $37,291,388 | $25,607,905 | $109,612,902 | $11,683,483 |
| 2023 | $22,926,416 | $22,019,274 | $96,231,901 | $907,142 |
| 2022 | $31,533,756 | $27,850,809 | $96,162,073 | $3,682,947 |
| 2021 | $34,502,257 | $30,270,235 | $89,562,086 | $4,232,022 |
| 2020 | $35,764,126 | $34,691,048 | $87,259,673 | $1,073,078 |
| 2019 | $42,597,507 | $32,535,792 | $83,102,482 | $10,061,715 |
| 2018 | $33,641,053 | $32,462,069 | $73,107,076 | $1,178,984 |
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