UND Aerospace Foundation (EIN 450390485) - 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

1985

Legal Domicile

Principal Officer

Charles Pineo

Phone

7017774740

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

Education in the field of aerospace.

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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 $4,437,524

Program Service Revenue $36,731,060

Investment Income $1,647,333

Other Revenue $1,018,564

TOTAL REVENUE $43,834,481

Expense Breakdown

Grants Paid $469,031

Salaries & Benefits $9,200,504

Fundraising Expenses $160,264

Program Expenses $26,621,985

Other Expenses $19,911,931

TOTAL EXPENSES $29,581,466

Year-over-Year Comparison

	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%

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

262

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

$1,109,966

Total Directors

$115,500

Key Employees

Highest Compensated

reported

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

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	$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

UND Aerospace Foundation