STRATUS AVIATION FOUNDATION

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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

2014

Legal Domicile

Principal Officer

DIMITRI VASSILIOU

Phone

6108648720

Tax Period

2018-01-01 to 2018-12-31

STRATUS AVIATION FOUNDATION, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2018. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $101K exceeded revenue, resulting in a 4947% operating deficit.

Mission

STRATUS AVIATION FOUNDATION'S PRIMARY PURPOSE IS TO PROMOTE AVIATION THROUGH MENTORSHIP, TECHNOLOGY AND INNOVATION. FULL-TIME PROGRAM PARTICIPANTS AND NON-FULL TIME PARTICIPANTS WORK TOGETHER WITH MEMBERS THROUGHOUT THE YEAR TO BUILD A FULL-SCALE AIRCRAFT, FLIGHT TRAINING DEVICES AND SIMULATORS. THEY ALSO DEVELOP THEIR KNOWLEDGE OF DRONE TECHNOLOGY UTILIZING THE POWER OF MENTORSHIP THROUGH STEM EDUCATION. STRATUS AVIATION FOUNDATION ALSO FACILITATES ITS PROGRAMS WITHIN OTHER NON-PROFIT GROUPS AND COMMUNITY PROGRAMS BY SUPPLYING THE RESOURCES AND MENTORSHIP.

Program Service Accomplishments

Program 1

Expenses: $100,945

STRATUS AVIATION FOUNDATION ("SAF") OPERATES ITS MAIN PROGRAMS AT WINGS FIELD EVERY SATURDAY OF THE YEAR, MINUS HOLIDAYS AND CERTAIN SUMMER WEEKENDS. SAF ALSO SUPPORTS AN AFTER SCHOOL PROGRAM IN...

STRATUS AVIATION FOUNDATION ("SAF") OPERATES ITS MAIN PROGRAMS AT WINGS FIELD EVERY SATURDAY OF THE YEAR, MINUS HOLIDAYS AND CERTAIN SUMMER WEEKENDS. SAF ALSO SUPPORTS AN AFTER SCHOOL PROGRAM IN COATESVILLE, PA THAT MEETS SEVERAL TIMES PER WEEK THROUGHOUT THE SCHOOL YEAR. DURING OUR REGULAR SCHEDULED SESSIONS, STUDENTS, PARTICIPANTS AND MENTORS MEET AT THE FOUNDATION HANGAR AT WINGS FIELD IN BLUE BALL, PA. SAF RUNS 5-8 HOUR SESSIONS WHERE PARTICIPANTS WORK TOGETHER TO ACCOMPLISH THE MAIN GOALS AND FOCUS ON STEM-RELATED LEARNING WHILE COLLABORATING ON VARIOUS PROJECTS. THERE WAS A TOTAL OF 18 PRIMARY PARTICIPANTS BETWEEN WINGS AND COATESVILLE AND MANY PART-TIME AND SINGLE DAY PARTICIPANTS THROUGHOUT THE YEAR.THE FIRST RV-12 KIT AIRPLANE WAS COMPLETED IN DECEMBER AND WILL NOW GO ON TO FINAL INSPECTIONS. STUDENTS AND PARTICIPANTS STARTED WORKING ON A SECOND RV-12 KIT WHERE THEY HAVE CONSTRUCTED ONE WING, THE TAIL SECTION AND ARE NOW FOCUSING ON THE FUSELAGE.FLIGHT SIMULATOR CONSTRUCTION. SEVERAL PARTICIPANTS CONTINUE TO FOCUS ON FLIGHT SIMULATOR TECHNOLOGY. OVER THE LAST YEAR, THE GROUP HAS IDENTIFIED AND WORKED WITH SEVERAL SOFTWARE AND HARDWARE CONFIGURATIONS THAT WILL EVENTUALLY BE INCORPORATED INTO A CUSTOM-BUILT CIRRUS SIMULATOR THAT IS UNDERWAY AT SAF.DRONE AND PHOTOGRAPHY EDUCATION CONTINUE TO BE A FOCUS AND AREA OF INTEREST FOR MANY OF THE PARTICIPANTS. TWO OF THE PARTICIPANTS EARNED THEIR FAA DRONE LICENSE AND CERTIFICATION LAST YEAR.

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,945

Other Expenses $100,945

TOTAL EXPENSES $100,945

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,000	$144,965	-1.0%
Expenses	$100,945	$185,713	-0.5%
Net Income	$-98,945	$-40,748	+1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIMITRI VASSILIOU	OFFICER/TRUSTEE	9.00	Officer	$0	$0	$0
NAIAL CASANOVAS	BOARD MEMBER	8.00	Officer	$0	$0	$0
MICHAEL SCHULTZ	BOARD MEMBER	8.00	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
2018	$2,000	$100,945	$67,501	$-98,945