VERTICAL AVIATION INTERNATIONAL INC (EIN 530261213) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

FRANCOIS LASSALE

Phone

7036834646

Tax Period

2024-07-01 to 2025-06-30

HELICOPTER ASSOCIATION INTERNATIONAL, founded in 1988, is a mid-sized nonprofit that reported $13.5M in total revenue in fiscal year 2017. Expenses of $12.3M left a modest 9% surplus.

Mission

TO PROVIDE VERTICAL AVIATION OPERATIONS, SAFETY, AND ENCOURAGE PROFESSIONALISM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $240,202

Program Service Revenue $16,045,894

Investment Income $1,230,701

Other Revenue $3,272,035

TOTAL REVENUE $20,788,832

Expense Breakdown

Grants Paid $31,100

Salaries & Benefits $6,015,656

Fundraising Expenses $0

Other Expenses $12,403,047

TOTAL EXPENSES $18,449,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,788,832	$19,428,674	+0.1%
Expenses	$18,449,803	$19,921,667	-0.1%
Net Income	$2,339,029	$-492,993	-5.7%

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

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

$972,020

Total Directors

Key Employees

$830,732

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK A SCHLAEFLI	CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN JORGENSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICK KENIN	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL GOTTWIG	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
MILLER STALLINGS	DIRECTOR	1.00	Director	$0	$0	$0
STACY SHEARD	DIRECTOR	1.00	Director	$0	$0	$0
RANDY ROWLES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCCOLL	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE BATTJES	DIRECTOR	1.00	Director	$0	$0	$0
SARAH ARNOLD	CORPORATE SECRETARY	40.00	Officer	$177,419	$22,900	$200,319
JAMES VIOLA THRU 32025	PRESIDENT & CEO	40.00	Officer	$739,064	$32,637	$771,701
CHRISTOPHER MARTINO	VP OF OPERATIONS	40.00	Key Emp	$216,788	$26,529	$243,317
CADE CLARK	VP OF GOVERNMENT AFFAIRS	40.00	Key Emp	$266,266	$12,496	$278,762
MICHAEL HERTZENDORF	CHIEF OPERATING OFFICER	40.00	Key Emp	$280,031	$28,622	$308,653
DANIEL SWEET THRU 122024	DIRECTOR OF PUBLIC RELATIONS	40.00	Highest	$187,540	$22,150	$209,690
REGINA KVITOVICH	DIRECTOR OF PUBLICATIONS	40.00	Highest	$195,200	$23,912	$219,112
CHRISTOPHER HILL	DIRECTOR OF SAFETY	40.00	Highest	$200,252	$24,928	$225,180
CHARLOTTE ZILKE	SR DIRECTOR OF CONVENTIONS	40.00	Highest	$201,001	$24,091	$225,092
JOSHUA ROUSSEAU	NE REGIONAL REPRESENTATIVE	40.00	Highest	$152,200	$4,717	$156,917

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
2025	$20,788,832	$18,449,803	$58,272,088	$2,339,029
2024	$19,428,674	$19,921,667	$60,141,215	$-492,993
2023	$18,690,484	$17,936,628	$65,113,607	$753,856
2022	$16,968,416	$13,892,452	$43,682,143	$3,075,964
2021	$4,215,283	$9,746,782	$38,045,658	$-5,531,499
2020	$13,601,332	$13,957,761	$37,201,172	$-356,429
2019	$12,636,986	$11,902,441	$41,217,687	$734,545
2018	$13,453,154	$12,274,971	$37,623,799	$1,178,183

VERTICAL AVIATION INTERNATIONAL INC