VAI FOUNDATION INC

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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

1983

Legal Domicile

Principal Officer

JAMES A VIOLA

Phone

7036834646

Tax Period

2022-07-01 to 2023-06-30

VAI FOUNDATION INC, founded in 1983, is a small nonprofit that reported $608K in total revenue in fiscal year 2022. Revenue surged 1269% from the prior year, signaling strong growth momentum. The organization ran a surplus of $607K, a strong 100% operating margin.

Mission

THE VAI FOUNDATION, INC. (THE FOUNDATION) IS ORGANIZED TO PROMOTE HELICOPTER SAFETY AND EDUCATION, AND TO PRESERVE HISTORICAL DATA RELATING TO THE HISTORY AND DEVELOPMENT OF THE HELICOPTER.

Program Service Accomplishments

Program 1

Expenses: $390

SCHOLARSHIPS: THE FOUNDATION OFFERS AN ARRAY OF SCHOLARSHIPS TO ANSWER THE NEED FOR BOTH QUALIFIED HELICOPTER PILOTS AND MAINTENANCE TECHNICIANS, AND TO PROVIDE FURTHER TRAINING FOR SAFETY MANAGERS...

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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 (2022)

Revenue Breakdown

Contributions & Grants $607,742

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $607,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $390

Other Expenses $390

TOTAL EXPENSES $390

Year-over-Year Comparison

	2022	2021	Change
Revenue	$607,742	$44,400	+12.7%
Expenses	$390	$3,831	-0.9%
Net Income	$607,352	$40,569	+14.0%

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

$966,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
B ADAM HAMMOND	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICOLE BATTJES	TREASURER	1.00	Officer Director	$0	$0	$0
MARK SCHLAEFLI	ASST TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN JORGENSON	DIRECTOR	1.00	Director	$0	$0	$0
RICK KENIN	DIRECTOR	1.00	Director	$0	$0	$0
RANDAL ROWLES	DIRECTOR	1.00	Director	$0	$0	$0
STACY SHEARD	DIRECTOR	1.00	Director	$0	$0	$0
R MILLER STALLINGS	DIRECTOR	1.00	Director	$0	$0	$0
H BRYAN BREWER III	LEGAL ADVISOR	1.00	Director	$0	$0	$0
JONATHAN DANIELS	SPECIAL ADVISOR	1.00	Director	$0	$0	$0
FRANCOIS LASSALE	SPECIAL ADVISOR	1.00	Director	$0	$0	$0
JAMES VIOLA	PRESIDENT AND CEO	40.00	Officer	$0	$18,525	$717,386
ROXANNE FOX	CHIEF OF STAFF (UNTIL 6/2023)	40.00	Officer	$0	$31,168	$249,359

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
2023	$607,742	$390	$42,932	$607,352
2022	$44,400	$21,531	$17,992	$22,869
2021	$21,797	$158,715	$478,992	$-136,918
2020	$68,031	$199,530	$548,124	$-131,499
2018	$84,533	$306,573	$538,398	$-222,040