VERTICAL LIFT CONSORTIUM INC

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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

1995

Legal Domicile

Principal Officer

NICK LAPPOS

Phone

8437604500

Tax Period

2023-01-01 to 2023-12-31

VERTICAL LIFT CONSORTIUM INC, founded in 1995, is a small nonprofit that reported $615K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 66% operating deficit.

Mission

COOPERATIVE SCIENTIFIC RESEARCH

Program Service Accomplishments

Program 1

TO GENERATE AND LICENSE TECHNOLOGICAL PROPERTIES FOR THE BENEFIT OF THE ORGANIZATIONS' MEMBERS AND TO COLLABORATIVELY AND COLLECTIVELY PROVIDE THE U.S. GOVERNMENT WITH INPUT AND ADVICE ON...

TO GENERATE AND LICENSE TECHNOLOGICAL PROPERTIES FOR THE BENEFIT OF THE ORGANIZATIONS' MEMBERS AND TO COLLABORATIVELY AND COLLECTIVELY PROVIDE THE U.S. GOVERNMENT WITH INPUT AND ADVICE ON NON-PROPRIETARY, NON-CONFIDENTIAL TECHNICAL CONCEPTS AND ISSUES RELATED TO VERTICAL LIFT TECHNOLOGIES AND TO ACT AS A KNOWLEDGEABLE SOURCE TO THE U.S. GOVERNMENT ABOUT VERTICAL LIFT AIRCRAFT AND TECHNOLOGIES RESEARCH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $597,095

Investment Income $18,274

Other Revenue $0

TOTAL REVENUE $615,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,020,074

TOTAL EXPENSES $1,020,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$615,369	$490,955	+0.3%
Expenses	$1,020,074	$315,983	+2.2%
Net Income	$-404,705	$174,972	-3.3%

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

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
Kendall Goodman	Member	1.0	Director	$0	$0	$0
Rudy Ostovich	Member	1.0	Director	$0	$0	$0
Ronald Lukow	Member	1.0	Director	$0	$0	$0
Inder Chopra	Member	1.0	Director	$0	$0	$0
Chris MacFarland	Member	1.0	Director	$0	$0	$0
JVR Prasad	Member	1.0	Director	$0	$0	$0
John Stough	Member	1.0	Director	$0	$0	$0
Layne Merritt	Member	1.0	Director	$0	$0	$0
Michael Hirschberg	Member	1.0	Director	$0	$0	$0
Thomas Von Eschenbach	Member	1.0	Director	$0	$0	$0
Brendan Kelly	Member	1.0	Director	$0	$0	$0
Kurt Fuller	Member	1.0	Director	$0	$0	$0
Robin Preator	Member	1.0	Director	$0	$0	$0
William Morris	Member	1.0	Director	$0	$0	$0
Jerry Wheeler	Member	1.0	Director	$0	$0	$0
Nick Lappos	Chairman	1.0	Officer Director	$0	$0	$0
John Piasecki	Vice Chairman	1.0	Officer Director	$0	$0	$0
Paul Dudley	Secretary Treasurer	6.0	Officer	$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
2024	No data	No data	No data	No data
2023	$615,369	$1,020,074	$2,144,914	$-404,705
2022	$490,955	$315,983	$1,843,506	$174,972
2021	$1,056,878	$136,123	$1,717,122	$920,755
2020	$777,175	$220,486	$830,688	$556,689
2019	$227,442	$313,513	$397,078	$-86,071
2018	$349,263	$295,705	$363,250	$53,558