VERTICAL AVIATION INTERNATIONAL INC

EIN: 530261213

ALEXANDRIA, VA

Total Revenue
$20,788,832
Total Expenses
$18,449,803
Total Assets
$58,272,088
Net Assets
$23,743,045
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
DE
Principal Officer
FRANCOIS LASSALE
Phone
7036834646
Tax Period
2024-07-01 to 2025-06-30

VERTICAL AVIATION INTERNATIONAL INC, founded in 1988, is a mid-sized nonprofit that reported $20.8M in total revenue in fiscal year 2024. Expenses of $18.4M left a modest 11% surplus.

Mission

INTERNATIONALLY REPRESENT ALL ASPECTS OF THE VERTICAL TAKE-OFF & LANDING (VTOL) INDUSTRY. BE THE LEADING GLOBAL VOICE IN PROMOTING SAFETY, COMMUNITY COMPATIBILITY, PROFESSIONALISM, INNOVATION, AND THE ECONOMIC VIABILITY OF THE INDUSTRY.

Program Service Accomplishments

Program 1

CONFERENCES AND TRADE SHOWS: SUPPORT THE GLOBAL VTOL INDUSTRY BY PROVIDING FORUMS WHERE HELICOPTER PROFESSIONALS CAN GATHER TO CONDUCT BUSINESS; SHOWCASE PRODUCTS, SERVICES, AND TECHNOLOGY; EXCHANGE...

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CONFERENCES AND TRADE SHOWS: SUPPORT THE GLOBAL VTOL INDUSTRY BY PROVIDING FORUMS WHERE HELICOPTER PROFESSIONALS CAN GATHER TO CONDUCT BUSINESS; SHOWCASE PRODUCTS, SERVICES, AND TECHNOLOGY; EXCHANGE INFORMATION, BEST PRACTICES, AND IDEAS; TAKE ADVANTAGE OF PROFESSIONAL EDUCATION OPPORTUNITIES; PARTICIPATE IN CAREER DEVELOPMENT AND JOB SEARCH ACTIVITIES; COLLABORATE TO IMPROVE AND PROMOTE INDUSTRY SAFETY AND TO ADDRESS OTHER INDUSTRY ISSUES; AND NETWORK WITH PEERS. VAI'S ANNUAL CONFERENCE AND TRADE SHOW, VAI VERTICON, IS THE WORLD'S LARGEST VTOL SHOW. VAI ALSO PRESENTS AN ANNUAL AERIAL WORK SAFETY CONFERENCE THAT SUPPORTS THE FIREFIGHTING, UTILITY PATROL AND CONSTRUCTION, AND RESTRICTED-CATEGORY AIRCRAFT SECTORS, AS WELL AS MEETINGS TO SUPPORT ADDITIONAL INDUSTRY SECTORS, SUCH AS ADVANCED AIR MOBILITY. VAI GLOBAL PROGRAM COORDINATES WORLDWIDE INDUSTRY COLLABORATION TO MAINTAIN AND ENHANCE SAFETY AND ECONOMIC VIABILITY OF THE INTERNATIONAL VERTICAL AVIATION INDUSTRY.

Program 2

MEMBERSHIP: PROVIDE VAI MEMBERS WITH SERVICES THAT DIRECTLY BENEFIT THEIR OPERATIONS AND ADVANCE THE INTERNATIONAL HELICOPTER INDUSTRY BY PROVIDING PROGRAMS THAT ENHANCE SAFETY AND ENCOURAGE...

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MEMBERSHIP: PROVIDE VAI MEMBERS WITH SERVICES THAT DIRECTLY BENEFIT THEIR OPERATIONS AND ADVANCE THE INTERNATIONAL HELICOPTER INDUSTRY BY PROVIDING PROGRAMS THAT ENHANCE SAFETY AND ENCOURAGE PROFESSIONALISM AND ECONOMIC VIABILITY WHILE PROMOTING THE UNIQUE CONTRIBUTIONS VERTICAL FLIGHT OFFERS TO SOCIETY. EXCLUSIVE VAI MEMBER BENEFITS INCLUDE: DIRECT ACCESS TO VAI TECHNICAL, REGULATORY, AND LEGISLATIVE STAFF; MEMBERSHIP IN VAI WORKING GROUPS; LEGISLATIVE RESOURCES AND UPDATES; VISIBILITY FOR MEMBER COMPANY NEWS IN ROTOR MEDIA; MEMBER COMPANY EMPLOYMENT LISTINGS ON VAI PARTNER'S JOB BOARD; PROGRAMS TO ELEVATE MEMBER COMPANY'S LEVEL OF SAFETY, INCLUDING SMS, ASAP, AND FRAT PROGRAMS; AND DISCOUNTS ON ATTENDING OR EXHIBITING AT VAI EVENTS, ON VAI EDUCATION COURSES, OR ON ADVERTISING IN VAI MEDIA.

Program 3

GOVERNMENT AFFAIRS: VAI IS DEDICATED TO PROMOTING VERTICAL FLIGHT AS A SAFE, EFFECTIVE TOOL FOR BUSINESS AND TO ADVANCING THE INTERNATIONAL ROTORCRAFT COMMUNITY, WHICH INCLUDES HELICOPTERS...

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GOVERNMENT AFFAIRS: VAI IS DEDICATED TO PROMOTING VERTICAL FLIGHT AS A SAFE, EFFECTIVE TOOL FOR BUSINESS AND TO ADVANCING THE INTERNATIONAL ROTORCRAFT COMMUNITY, WHICH INCLUDES HELICOPTERS, TILTROTORS, VERTICAL-LIFT UNMANNED AIRCRAFT SYSTEMS, AND THE DEVELOPING FIELD OF ADVANCED AIR MOBILITY. VAI ADVOCATES FOR EXPANDING THE USE OF VERTICAL FLIGHT, ON BEHALF OF OUR MEMBERS AND FOR THE BENEFIT OF SOCIETY, WITH LEGISLATORS, REGULATORS, AND GOVERNMENT AGENCIES AROUND THE WORLD. VAI'S DILIGENT WORK AGAINST BURDENSOME REGULATIONS AND ADVOCATING TO ENSURE A SAFE, SUSTAINABLE, AND ECONOMICALLY VIABLE FUTURE FOR OUR INDUSTRY IS AT THE FOREFRONT OF EVERYTHING WE DO.

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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%)

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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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Governance

Voting Members
9
Independent Members
9
Employees
42
Volunteers
12

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
6
$972,020
Total Directors
9
$0
Key Employees
3
$830,732
Highest Compensated
5
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
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