Academy Research and Development Institute (EIN 742378230) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

Christopher D Miller

Phone

7195991370

Tax Period

2024-07-01 to 2025-06-30

Academy Research and Development Institute, founded in 1984, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.7M, a strong 41% operating margin.

Mission

ARDI endows excellence in AF Academy cadet education, sustaining future US air and space power.

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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 $808,568

Program Service Revenue $0

Investment Income $3,327,946

Other Revenue $62,398

TOTAL REVENUE $4,198,912

Expense Breakdown

Grants Paid $20,433

Salaries & Benefits $399,315

Fundraising Expenses $61,493

Program Expenses $2,207,728

Other Expenses $2,045,145

TOTAL EXPENSES $2,464,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,198,912	$5,309,684	-0.2%
Expenses	$2,464,893	$2,411,302	+0.0%
Net Income	$1,734,019	$2,898,382	-0.4%

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

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

$492,406

Total Directors

$492,406

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher D Miller	CEO	20.00	Officer Director	$0	$0	$0
Dana Montgomery	COO	40.00	Officer Director	$145,500	$30,921	$176,421
Michael Erdle	Chairman	5.00	Officer Director	$0	$57,985	$255,985
Terry Erdle	Treasurer	3.00	Officer Director	$0	$0	$60,000
Bob Edmonds	Board Member	5.00	Director	$0	$0	$0
Rick Pyatt	Board Member	5.00	Director	$0	$0	$0
Jack Catton	Board Member	5.00	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	$4,198,912	$2,464,893	$56,457,172	$1,734,019
2024	No data	No data	No data	No data
2023	$-1,003,542	$2,102,200	$44,203,625	$-3,105,742
2022	$9,299,403	$2,710,625	$40,306,897	$6,588,778
2021	$6,317,720	$1,912,876	$44,885,190	$4,404,844

Academy Research and Development Institute