RTCA 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

1935

Legal Domicile

Principal Officer

CAROL HUEGEL

Phone

2028339339

Tax Period

2023-01-01 to 2023-12-31

RTCA INC, founded in 1935, is a community nonprofit in the Science & Technology sector that reported $4.0M in total revenue in fiscal year 2023. Expenses of $4.7M exceeded revenue, resulting in a 18% operating deficit.

Mission

RTCA, INC. IS A NOT-FOR-PROFIT CORPORATION THAT INSPIRES THE CREATION AND IMPLEMENTATION OF INTEGRATED PERFORMANCE STANDARDS THAT MEET THE CHANGING GLOBAL AVIATION ENVIRONMENT AND ENSURE THE SAFETY, SECURITY, AND OVERALL HEALTH OF THE AVIATION ECOSYSTEM.

Program Service Accomplishments

Program 1

Expenses: $1,000,107

COMMITTEES AND TASK FORCES - RTCA SPECIAL COMMITTEES AND TASK FORCES ARE FORMED GENERALLY IN RESPONSE TO A REQUEST FROM THE GOVERNMENT TO ADDRESS AVIATION ISSUES AND TO DEVELOP CONSENSUS-BASED...

COMMITTEES AND TASK FORCES - RTCA SPECIAL COMMITTEES AND TASK FORCES ARE FORMED GENERALLY IN RESPONSE TO A REQUEST FROM THE GOVERNMENT TO ADDRESS AVIATION ISSUES AND TO DEVELOP CONSENSUS-BASED RECOMMENDATIONS FOR THE GOVERNMENT. THESE GROUPS ARE STAFFED BY VOLUNTEERS DRAWN FROM ALL SEGMENTS OF THE AVIATION COMMUNITY.

Program 2

Expenses: $594,251 Revenue: $648,969

TRAINING SEMINARS ARE ACTIVITIES AIMED TO IMPART KNOWLEDGE AND INFORMATION RELATED TO RTCA'S PRODUCTS IN RESPONSE TO THE CONTINUING QUERIES FROM MEMBERS AND OTHER AVIATION-ORIENTED ORGANIZATIONS. THE 2023 PROGRAM PROVIDED TRAINING ON THE APPLICATION OF DO-178C, DO-254, DO-160G, DO-392 AIRWORTHINESS, AND HUMAN FACTORS.

Program 3

Expenses: $388,569 Revenue: $2,339,860

MEMBERSHIP SERVICES - RTCA'S MEMBERSHIP ELECTS THE RTCA BOARD OF DIRECTORS AND RTCA ADVISORY BOARD, WHO IN TURN HELP SELECT THOSE ISSUES ON WHICH RTCA WILL FOCUS COMMUNITY RESOURCES, AND HELPS SHAPE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,811,070

Investment Income $107,793

Other Revenue $50,257

TOTAL REVENUE $3,969,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,178,879

Fundraising Expenses $0

Program Expenses $2,237,945

Other Expenses $2,518,375

TOTAL EXPENSES $4,697,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,969,120	$3,940,084	+0.0%
Expenses	$4,697,254	$4,424,746	+0.1%
Net Income	$-728,134	$-484,662	+0.5%

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

3000

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

$688,657

Total Directors