RADIO AMATEUR SATELLITE CORP (EIN 520888529) - 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

1969

Legal Domicile

Principal Officer

ROBERT BANKSTON

Phone

3344940826

Tax Period

2024-01-01 to 2024-12-31

RADIO AMATEUR SATELLITE CORP, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $358K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $104K, a strong 29% operating margin.

Mission

TO DESIGN AND BUILD SATELLITES FOR AMATEUR RADIO COMMUNICATION, AND PROMOTE RELATED SKILLS AND INTEREST IN POTENTIAL USERS.

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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 $194,071

Program Service Revenue $7,560

Investment Income $134,318

Other Revenue $21,687

TOTAL REVENUE $357,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,786

Program Expenses $214,074

Other Expenses $254,121

TOTAL EXPENSES $254,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,636	$313,056	+0.1%
Expenses	$254,121	$277,457	-0.1%
Net Income	$103,515	$35,599	+1.9%

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

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
BARRY BAINES	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT BANKSTON	PRESIDENT	20.00	Officer Director	$0	$0	$0
STEVE BELTER	TREASURER	15.00	Officer	$0	$0	$0
GERALD BUXTON	VP ENGINEERI	40.00	Officer Director	$0	$0	$0
ANDREW GLASBRENNER	VP OPERATION	5.00	Officer Director	$0	$0	$0
MARK HAMMOND	DIRECTOR	5.00	Director	$0	$0	$0
ALAN JOHNSTON	VP EDUCATION	10.00	Officer	$0	$0	$0
FRANK KARNAUSKAS	VP DEVELOPME	25.00	Officer	$0	$0	$0
ZACH METZINGER	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE PAIGE	DIRECTOR	2.00	Director	$0	$0	$0
PAUL STOETZER	EXECUTIVE VP	5.00	Officer Director	$0	$0	$0
DOUG TABOR	SECRETARY	1.00	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
2024	$357,636	$254,121	$1,879,053	$103,515
2023	$313,056	$277,457	$1,713,248	$35,599
2022	$485,691	$129,261	$1,503,692	$356,430
2021	$622,235	$162,613	$1,322,009	$459,622
2020	$409,298	$343,399	$932,548	$65,899

RADIO AMATEUR SATELLITE CORP