RTCA INC (EIN 530182962) - 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

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.

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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

$688,657

Key Employees

$353,485

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY MCVENES	PRESIDENT & CEO-FORMER	40.00	Officer Director	$538,380	$62,827	$601,207
LORNE CASS	CHAIRMAN, BOARD OF DIRECTO	2.00	Officer Director	$0	$0	$0
KERRY BUCKLEY	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
ROBERT IRELAND	TREASURER, BOARD OF DIRECT	2.00	Officer Director	$0	$0	$0
VIPUL GUPTA	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
CHRIS ROCHELEAU	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
TRACY LAMB	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
LISA STEFFEN	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
TIM MURPHY	MEMBER, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
CAROL HUEGEL	PRESIDENT & CEO	40.00	Officer Director	$82,500	$4,950	$87,450
BRETT EASTHAM	CHIEF OPERATING OFFICER	40.00	Key Emp	$314,111	$39,374	$353,485
REBECCA MORRISON	SR DIR, AVIATION STANDARDS	40.00	Highest	$190,800	$13,924	$204,724
KARAN HOFMANN	PROGRAM DIRECTOR	40.00	Highest	$140,720	$43,656	$184,376
ANDREA BERRY	SEN DIR, INDUSTRY RELATION	40.00	Highest	$162,000	$18,386	$180,386

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	No data	No data	No data	No data
2023	$3,969,120	$4,697,254	$14,163,079	$-728,134
2022	$3,940,084	$4,424,746	$15,586,507	$-484,662
2021	$4,025,260	$4,094,575	$17,010,214	$-69,315
2020	$3,759,003	$3,910,291	$17,723,363	$-151,288
2019	$3,957,289	$4,075,858	$7,502,519	$-118,569
2018	$4,742,621	$5,374,614	$7,283,466	$-631,993

RTCA INC