THE WRIGHT BROTHERS INSTITUTE INC

EIN: 820546129 501(c)(3) Community Improvement

VANDALIA, OH

Total Revenue
$28,940,157
Total Expenses
$28,965,473
Total Assets
$5,503,371
Net Assets
$1,314,336
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
ROBERT WILLIAMSON
Phone
9372224422
Tax Period
2024-10-01 to 2025-09-30

THE WRIGHT BROTHERS INSTITUTE INC, founded in 2002, is a mid-sized nonprofit in the Community Improvement sector that reported $28.9M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

WE OVERCOME WARFIGHTER CHALLENGES AND ENSURE SOLUTIONS ARE READY FOR ACQUISITION. THROUGH COLLABORATIVE INNOVATION, WE UNITE WARFIGHTERS, TECHNOLOGISTS, ACQUIRERS, AND LEADING EXPERTS FROM INDUSTRY AND ACADEMIA TO CREATE AND DELIVER GROUNDBREAKING SOLUTIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $129,162
Program Service Revenue $28,746,584
Investment Income $10,472
Other Revenue $53,939
TOTAL REVENUE $28,940,157

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,136,903
Fundraising Expenses $0
Program Expenses $27,072,490
Other Expenses $24,828,570
TOTAL EXPENSES $28,965,473

Year-over-Year Comparison

2024 2023 Change
Revenue $28,940,157 $18,267,503 +0.6%
Expenses $28,965,473 $18,192,017 +0.6%
Net Income $-25,316 $75,486 -1.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
36
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
6
$591,779
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAJESH NAIK TRUSTEE 1.00
Director
$0 $0 $0
SHAUN SMITH TREASURER 1.00
Officer Director
$0 $0 $0
MELCHOR ANTUNANO TRUSTEE 1.00
Director
$0 $0 $0
JOHN LELAND CHAIRMAN 1.00
Officer Director
$0 $0 $0
NINA JOSHI VICE CHAIR 1.00
Officer Director
$0 $0 $0
JEFF HOAGLAND TRUSTEE 1.00
Director
$0 $0 $0
MADHAVI KADAKIA TRUSTEE 1.00
Director
$0 $0 $0
TED BUCARO TRUSTEE 1.00
Director
$0 $0 $0
PATTY BUDDELMEYER TRUSTEE 1.00
Director
$0 $0 $0
VINCE RUSSO TRUSTEE 1.00
Director
$0 $0 $0
CHRIS COOMBS TRUSTEE 1.00
Director
$0 $0 $0
CHRIS REMILLARD SECRETARY 40.00
Officer
$123,009 $3,985 $126,994
ROBERT WILLIAMSON VICE PRESIDENT 40.00
Officer
$174,922 $6,245 $181,167
STEVE FINNESSEY PRESIDENT 40.00
Officer
$224,006 $59,612 $283,618
TARA TAYLOR EMPLOYEE 40.00
Highest
$140,852 $5,232 $146,084
BENJAMIN WALLACE EMPLOYEE 40.00
Highest
$147,015 $20,799 $167,814
LARISA DMITRIENKO EMPLOYEE 40.00
Highest
$149,883 $54,736 $204,619
MARTIN STIEGAR EMPLOYEE 40.00
Highest
$127,102 $37,192 $164,294
ROBERT LEE EMPLOYEE 1.00
Highest
$133,345 $4,897 $138,242
WENDELL BANKS FORMER PRESIDENT 40.00
$127,657 $972 $128,629
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 $28,940,157 $28,965,473 $5,503,371 $-25,316
2024 $18,267,503 $18,192,017 $26,726,970 $75,486
2023 $17,901,001 $17,762,199 $17,256,994 $138,802
2022 $22,085,089 $21,656,878 $23,307,656 $428,211
2021 $19,886,987 $19,959,644 $24,033,557 $-72,657
2020 $17,125,862 $17,090,119 $26,769,895 $35,743
2019 $11,333,135 $11,172,635 $11,248,999 $160,500
2018 $7,690,264 $7,530,707 $7,418,106 $159,557
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