THE INSTITUTE OF NAVIGATION (EIN 536019389) - 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

1967

Legal Domicile

Principal Officer

LISA BEATY

Phone

7033662723

Tax Period

2024-04-01 to 2025-03-31

THE INSTITUTE OF NAVIGATION, founded in 1967, is a community nonprofit in the Science & Technology sector that reported $4.1M in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 34% operating margin.

Mission

THE MISSION OF ION IS TO ADVANCE THE ART AND SCIENCE OF POSITIONING, NAVIGATION AND TIMING.

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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 $0

Program Service Revenue $4,134,522

Investment Income $3,090,293

Other Revenue $0

TOTAL REVENUE $7,224,815

Expense Breakdown

Grants Paid $18,739

Salaries & Benefits $1,188,415

Fundraising Expenses $0

Program Expenses $2,320,861

Other Expenses $1,594,710

TOTAL EXPENSES $2,801,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,224,815	$5,131,576	+0.4%
Expenses	$2,801,864	$3,054,178	-0.1%
Net Income	$4,422,951	$2,077,398	+1.1%

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

300

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

$468,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERMAN LOPRESIDENT THRU	1/25), IMMED. PAST PRES. (FROM 1/25)	1.00	Officer Director	$0	$0	$0
GARY MCGRAWEXECUTIVE VP	(THRU 1/25), PRESIDENT (FROM 1/25)	1.00	Officer Director	$0	$0	$0
JASON RIFEFINANCE CHAIR	(THRU 1/25), EXEC. VP (FROM 1/25)	1.00	Officer Director	$0	$0	$0
FRANK VAN GRAAS	TREASURER	2.00	Officer Director	$0	$0	$0
JACOB CAMPBELL	EASTERN REGION VP (THRU 1/25)	1.00	Officer Director	$0	$0	$0
SANJEEV GUNAWARDENA	EASTERN REGION VP	1.00	Officer Director	$0	$0	$0
SANDY KENNEDYSAT DIV CHAIR	(THRU 9/24) BYLAWS CHAIR (FROM 1/25)	1.00	Officer Director	$0	$0	$0
DOROTA GREJNER-BRZEZINSKAPAST	PRES (THRU 9/24), SAT DIV CHAIR	1.00	Officer Director	$0	$0	$0
TOM POWELLMIL DIV CHAIR THRU	6/24), FELLOWS CHAIR (FROM 1/25)	1.00	Officer Director	$0	$0	$0
KEITH MCDONALDNEW ENG SEC CHAIR	(THRU 6/24),MIL DIV CHAIR (FROM 6/24)	1.00	Officer Director	$0	$0	$0
ALEX STRATTON	WESTERN REGION VP (THRU 1/25)	1.00	Officer Director	$0	$0	$0
JIHYE PARK	WESTERN REGION VP	1.00	Officer Director	$0	$0	$0
FRANK VAN DIGGELENIMM PAST PRES	(THRU 1/25), PAST PRES (FROM 1/25)	1.00	Officer Director	$0	$0	$0
JUAN BLANCH	COUNCIL MEMBER-AT-LARGE (THRU 1/25)	1.00	Director	$0	$0	$0
MARK CARROLL	COUNCIL MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
BARBARA CLARK	COUNCIL MEMBER-AT-LARGE (THRU 1/25)	1.00	Director	$0	$0	$0
ANDREW NEISH	COUNCIL MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
LAURA NORMAN	COUNCIL MEMBER-AT-LARGE (THRU 1/25)	1.00	Director	$0	$0	$0
SABRINA UGAZIO	COUNCIL MEMBER-AT-LARGE (THRU 1/25)	1.00	Director	$0	$0	$0
HADI WASSAF	COUNCIL MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
SOPHIE DAMY	TECHNICAL REPRESENTATIVE	1.00	Director	$0	$0	$0
DAVID DELORENZO	TECHNICAL REPRESENTATIVE (THRU 1/25)	1.00	Director	$0	$0	$0
FABIO DOVIS	TECHNICAL REPRESENTATIVE (THRU 1/25)	1.00	Director	$0	$0	$0
CHRISTOPH GUNTHER	TECHNICAL REPRESENTATIVE (THRU 1/25)	1.00	Director	$0	$0	$0
IGNACIO FERNANDEZ HERNANDEZ	TECHNICAL REPRESENTATIVE	1.00	Director	$0	$0	$0
ALINN HERRERA	TECHNICAL REPRESENTATIVE	1.00	Director	$0	$0	$0
JOANNA HINKSTECH REPTHRU 125	COUNCIL MEMBER-AT-LARGE (FROM 1/25)	1.00	Director	$0	$0	$0
LI-TA HSU	TECHNICAL REPRESENTATIVE	1.00	Director	$0	$0	$0
SAMER KHANAFSEH	TECHNICAL REPRESENTATIVE	1.00	Director	$0	$0	$0
NOBUAKI KUBO	TECHNICAL REPRESENTATIVE (THRU 1/25)	1.00	Director	$0	$0	$0
HEIDI KUUSNIEMI	TECHNICAL REPRESENTATIVE (THRU 1/25)	1.00	Director	$0	$0	$0
ILARIA MARTINI	TECHNICAL REPRESENTATIVE	1.00	Director	$0	$0	$0
OKUARY OSECHAS	TECHNICAL REPRESENTATIVE (THRU 1/25)	1.00	Director	$0	$0	$0
KIRSTEN STRANDJORD	TECHNICAL REPRESENTATIVE (THRU 1/25)	1.00	Director	$0	$0	$0
STEFFEN THOLERT	TECHNICAL REPRESENTATIVE	1.00	Director	$0	$0	$0
SAFOORA ZAMINPARDAZ	TECHNICAL REPRESENTATIVE	1.00	Director	$0	$0	$0
PAUL ALVES	ALBERTA SECTION CHAIR	1.00	Director	$0	$0	$0
SIMONA CIRCIU	ETHICS CHAIR	1.00	Director	$0	$0	$0
ERNESTO ETINENNE	MEETINGS CHAIR	1.00	Director	$0	$0	$0
MATHIEU JOERGER	AWARDS CHAIR	1.00	Director	$0	$0	$0
MOHAMMED KHIDER	MEMBERSHIP CHAIR (THRU 1/25)	1.00	Director	$0	$0	$0
RICHARD LANGLEY	PUBLICATION CHAIR	1.00	Director	$0	$0	$0
JEFF MARTIN	MEETINGS CHAIR (THRU 1/25)	1.00	Director	$0	$0	$0
MICHAEL MEURER	AWARDS CHAIR (THRU 1/25)	1.00	Director	$0	$0	$0
TERRY MOORE	ETHICS CHAIR (THRU 1/25)	1.00	Director	$0	$0	$0
TIM MURPHY	BYLAWS CHAIR (THRU 1/25)	1.00	Director	$0	$0	$0
MITCH NARINS	DC SECTION CHAIR	1.00	Director	$0	$0	$0
JASON PONTIOUS	DAYTON SECTION CHAIR (THRU 6/24)	1.00	Director	$0	$0	$0
CHARLES SCHUE	FELLOW SELECTION CHAIR (THRU 1/25)	1.00	Director	$0	$0	$0
WAYNE SOEHRENNORTH STAR	(MN) SECTION CHAIR (THRU 1/25)	1.00	Director	$0	$0	$0
ANDREY SOLOVIEV	FINANCE CHAIR	1.00	Director	$0	$0	$0
MELANIA SUSI	MEMBERSHIP CHAIR	1.00	Director	$0	$0	$0
CHRIS HEGARTY	PAST PRESIDENT	1.00	Director	$0	$0	$0
LARRY HOTHEM	PAST PRESIDENT	1.00	Director	$0	$0	$0
MIKEL MILLER	PAST PRESIDENT	1.00	Director	$0	$0	$0
Y JADE MORTON	PAST PRESIDENT	1.00	Director	$0	$0	$0
JOHN RAQUET	PAST PRESIDENT	1.00	Director	$0	$0	$0
KAREN VAN DYKE	PAST PRESIDENT	1.00	Director	$0	$0	$0
TODD WALTER	PAST PRESIDENT	1.00	Director	$0	$0	$0
LISA BEATY	EXECUTIVE DIRECTOR	50.00	Officer	$410,367	$57,913	$468,280
RICHARD BUONGIOVANNI	DIRECTOR OF IT	40.00	Highest	$197,512	$56,010	$253,522
MEGAN ANDREWS	MEETING PLANNER	40.00	Highest	$109,888	$19,286	$129,174

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	$7,224,815	$2,801,864	$25,563,649	$4,422,951
2024	$5,131,576	$3,054,178	$23,004,089	$2,077,398
2023	$3,176,339	$2,840,903	$17,654,229	$335,436
2022	$4,792,944	$2,209,642	$17,485,799	$2,583,302
2021	$1,464,159	$1,527,939	$16,627,997	$-63,780
2020	$3,208,196	$2,476,127	$11,455,771	$732,069
2019	$4,092,147	$2,711,397	$11,830,707	$1,380,750

THE INSTITUTE OF NAVIGATION