NEVADA INSTITUTE FOR AUTONOMOUS SYSTEMS (EIN 463341782) - 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

2013

Legal Domicile

Principal Officer

JAMES A BARRETT JR

Phone

7025951146

Tax Period

2021-07-01 to 2022-02-28

NEVADA INSTITUTE FOR AUTONOMOUS SYSTEMS, founded in 2013, is a micro nonprofit that reported $23K in total revenue in fiscal year 2021. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $262K exceeded revenue, resulting in a 1041% operating deficit.

Mission

TO COACH, TEACH, AND MENTOR PUBLIC AND COMMERCIAL UAS COMPANIES AS WELL AS THEIR STAFF TO DEVELOP ADVANCED AND INNOVATIVE UAS APPLICATIONS, PROCEDURES, TECHNIQUES, AND TECHNOLOGIES TO FACILITATE SAFE INTEGRATION INTO THE NAS AS MANDATED BY CONGRESS. NIAS HAS THE UNIQUE MISSION TO PLAN AND EXECUTE UAS FLIGHTS IN COLLABORATION WITH NEVADA TEAMMATES, COLLECT FAA FLIGHT PERFORMANCE DATA, AND DEVELOP ENHANCED NATIONAL AIRSPACE SAFETY CONTROL MEASURES. NIAS RECOMMENDS UNMANNED AVIATION LESSONS LEARNED TO THE FAA AND NASA.

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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 $0

Program Service Revenue $32,582

Investment Income $-9,643

Other Revenue $0

TOTAL REVENUE $22,939

Expense Breakdown

Grants Paid $42,376

Salaries & Benefits $151,798

Fundraising Expenses $0

Program Expenses $243,839

Other Expenses $67,527

TOTAL EXPENSES $261,701

Year-over-Year Comparison

	2021	2020	Change
Revenue	$22,939	$452,971	-0.9%
Expenses	$261,701	$471,820	-0.4%
Net Income	$-238,762	$-18,849	+11.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WHITE	PRESIDENT	4.00	Officer Director	$0	$0	$0
JAMES A BARRETT JR	TREASURER	4.00	Officer Director	$0	$0	$0
SCOTT BENSING	SECRETARY	4.00	Officer Director	$0	$0	$0
TINA QUIGLEY	DIRECTOR	1.00	Director	$0	$0	$0
LYNN FENSTERMAKER	DIRECTOR	1.00	Director	$0	$0	$0
MRIDUL GAUTAM	DIRECTOR	1.00	Director	$0	$0	$0
BETSY FRETWELL	DIRECTOR	1.00	Director	$0	$0	$0
BLAIR N SMITH	EMPLOYEE	40.00	Highest	$109,775	$0	$109,775

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	$22,939	$261,701	No data	$-238,762
2021	$392,606	$471,820	$259,653	$-79,214
2020	$1,457,856	$1,341,561	$300,873	$116,295
2019	$1,768,129	$1,875,210	$459,903	$-107,081
2018	$1,241,606	$1,355,594	$326,743	$-113,988

NEVADA INSTITUTE FOR AUTONOMOUS SYSTEMS