AIAA FOUNDATION

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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

1996

Legal Domicile

Principal Officer

EUGENE C MOWRY

Phone

7032647500

Tax Period

2024-10-01 to 2025-09-30

AIAA FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $389K, a strong 26% operating margin.

Mission

THE PURPOSE OF THE AIAA FOUNDATION, IN CONJUNCTION WITH AIAA, IS TO PROMOTE EDUCATION AND RECOGNIZE EXCELLENCE WITHIN THE AEROSPACE COMMUNITY BY INSPIRING AND SUPPORTING THE NEXT GENERATION OF AEROSPACE PROFESSIONALS, PRACTICING AEROSPACE PROFESSIONALS, AND THE INSTITUTIONS ENGAGED IN AEROSPACE EDUCATION AND PRACTICE.

Program Service Accomplishments

Program 1

Expenses: $809,243

EDUCATION - THE AIAA FOUNDATION PROMOTES EDUCATIONAL ADVANCEMENT AND TECHNICAL EXCELLENCE IN THE AEROSPACE COMMUNITY BY PROVIDING FINANCIAL SUPPORT FOR UNDERGRADUATE AND GRADUATE SCHOLARSHIPS...

EDUCATION - THE AIAA FOUNDATION PROMOTES EDUCATIONAL ADVANCEMENT AND TECHNICAL EXCELLENCE IN THE AEROSPACE COMMUNITY BY PROVIDING FINANCIAL SUPPORT FOR UNDERGRADUATE AND GRADUATE SCHOLARSHIPS, STUDENT TECHNICAL PAPER CONFERENCES, AEROSPACE DESIGN COMPETITIONS, AND AWARDS RECOGNIZING OUTSTANDING ACHIEVEMENT IN VARIOUS AEROSPACE FIELDS. THE FOUNDATION ALSO PROMOTES STEM ACTIVITY AT THE K12 AND COLLEGIATE LEVELS, PROVIDES GRANTS AND ACHIEVEMENT AWARDS TO STEM EDUCATORS, AND PROVIDES RECOGNITION PLATFORMS FOR SIGNIFICANT AEROSPACE TECHNICAL AND COMMUNITY CONTRIBUTIONS.ALL SCHOLARSHIPS, AWARDS, AND DESIGN COMPETITION RECIPIENTS ARE SELECTED BY INDEPENDENT PANELS OF SUBJECT MATTER EXPERTS. DURING FY25, THE FOUNDATION AWARDED 30 SCHOLARSHIPS AND GRADUATE AWARDS, PRESENTED 16 PROFESSIONAL AWARDS, SUPPORTED 7 STUDENT CONFERENCES, SUPPORTED 17 DESIGN COMPETITIONS, RECOGNIZED 31 RISING STARS IN AEROSPACE, AND ISSUED 89 EDUCATOR GRANTS AND AWARDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $329,096

Program Service Revenue $0

Investment Income $1,150,220

Other Revenue $0

TOTAL REVENUE $1,479,316

Expense Breakdown

Grants Paid $313,099

Salaries & Benefits $0

Fundraising Expenses $28,278

Program Expenses $809,243

Other Expenses $776,922

TOTAL EXPENSES $1,090,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,479,316	$1,241,653	+0.2%
Expenses	$1,090,021	$1,166,280	-0.1%
Net Income	$389,295	$75,373	+4.2%

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

150

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

$992,976

Total Directors

$609,982

Key Employees

$248,709

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL L DUMBACHER	EXECUTIVE DIRECTOR/SECRETARY (OUTGOING FY25)	1.00	Officer Director	$487,884	$14,847	$502,731
KAREN ROSENBLUM	SVP, FINANCE, ADMIN & CFO (OUTGOING FY25)	1.00	Officer	$340,364	$42,630	$382,994
MERRIE SCOTT	SVP, MEMBERSHIP ENGAGEMENT	1.00	Key Emp	$223,688	$25,021	$248,709
EUGENE MOWRY	CEO/SECRETARY (INCOMING FY25)	1.00	Officer Director	$107,142	$109	$107,251
LINDA MONTGOMERY	CHIEF FINANCIAL OFFICER (INCOMING FY25)	1.00	Officer	$0	$0	$0
DANIEL HASTINGS	AIAA PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA MCGILL	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
R STEVEN JUSTICE	TREASURER	1.00	Officer Director	$0	$0	$0
DANA KEOKI JACKSON	AIAA PRESIDENT-ELECT (INCOMING FY25)	1.00	Director	$0	$0	$0
CARISSA CHRISTENSEN	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY DESIMONE	TRUSTEE (INCOMING FY25)	1.00	Director	$0	$0	$0
HOWARD MCKENZIE	TRUSTEE	1.00	Director	$0	$0	$0
KRISTI MORGANSEN	TRUSTEE	1.00	Director	$0	$0	$0
MARY SNITCH	TRUSTEE (OUTGOING FY25)	1.00	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	$1,479,316	$1,090,021	$23,017,664	$389,295
2024	$1,241,653	$1,166,280	$21,207,769	$75,373
2023	$1,398,786	$1,761,214	$17,616,655	$-362,428
2022	$2,009,354	$2,464,492	$16,253,647	$-455,138
2021	$4,762,365	$811,168	$22,220,181	$3,951,197
2020	$1,372,939	$703,319	$17,483,784	$669,620
2019	$3,944,683	$816,494	$15,860,173	$3,128,189
2018	$2,286,822	$717,811	$12,751,555	$1,569,011