THE FOUNDATION OF THE VIRGINIA AIR AND SPACE CENTER (EIN 541692510) - 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

1992

Principal Officer

DR JEFFERY SMITH

Phone

7577270900

Tax Period

2024-07-01 to 2025-06-30

THE FOUNDATION OF THE VIRGINIA AIR AND SPACE CENTER, founded in 1992, is a small nonprofit that reported $146K in total revenue in fiscal year 2018. Revenue surged 10876% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 95% operating margin.

Mission

TO SUPPORT THE CHARITABLE, EDUCATIONAL, LITERARY, AND SCIENTIFIC PURPOSES OF THE VIRGINIA AIR AND SPACE CENTER

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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 $0

Investment Income $14,762

Other Revenue $0

TOTAL REVENUE $14,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,762	$29	+508.0%
Expenses	N/A	N/A	N/A
Net Income	N/A	$29	N/A

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L'ALLEGRO SMITH	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVID HOLT	SECRETARY	N/A	Officer Director	$0	$0	$0
ROSS A MUGLER	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN D DEPROFIO	DIRECTOR	N/A	Director	$0	$0	$0
MELVIN FEREBEE JR	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MICHAEL B HAMAR	DIRECTOR	N/A	Director	$0	$0	$0
JOHN CABOT ISHON	TREASURER	N/A	Officer Director	$0	$0	$0
GAYLENE KANOYTON	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN MILLER	DIRECTOR	N/A	Director	$0	$0	$0
DR JEFFERY SMITH	EXECUTIVE DI	N/A	Highest	$0	$0	$167,537
ANN BANE	DIRECTOR	N/A	Director	$0	$0	$0
DR RAYMOND HAYNES	DIRECTOR	N/A	Director	$0	$0	$0
HOWARD KERN	DIRECTOR	N/A	Director	$0	$0	$0
ROBIN MCDOUGAL	DIRECTOR	N/A	Director	$0	$0	$0
DONNA SPELLER TURNER	DIRECTOR	N/A	Director	$0	$0	$0
JOHN POLK WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
CHANDRA OAKS-GARCIA	DIRECTOR	N/A	Director	$0	$0	$0
DR WILLIAM MOORE	DIRECTOR	N/A	Director	$0	$0	$0
MS ALEXIS SWANN	DIRECTOR	N/A	Director	$0	$0	$0

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	$14,762	No data	$338,417	No data
2024	$29	No data	$323,655	No data
2023	$25,025	$248,136	$323,626	$-223,111
2022	$591,543	$863,315	$546,737	$-271,772
2021	$751,786	$888,908	$818,509	$-137,122
2020	$549,693	$265,026	$788,181	$284,667
2019	$145,978	$6,720	$395,964	$139,258

THE FOUNDATION OF THE VIRGINIA AIR AND SPACE CENTER