IADA 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

2019

Legal Domicile

Principal Officer

LOU SENO

Phone

8662844744

Tax Period

2024-01-01 to 2024-12-31

IADA FOUNDATION, founded in 2019, is a small nonprofit in the Public Safety sector that reported $142K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

THE IADA FOUNDATION INSPIRES THE NEXT GENERATION OF BUSINESS AVIATION PROFESSIONALS THROUGH SCHOLARSHIPS AND EDUCATION, CREATING GATEWAYS FOR YOUNG PEOPLE TO FLOURISH IN THE INDUSTRY. WE ALSO PROVIDE PHILANTHROPIC SUPPORT TO AVIATION RELATED CHARITABLE ORGANIZATIONS. WE ARE PASSIONATE AND COMMITTED TO ENSURING THE FUTURE OF OUR BUSINESS AND TO SERVE PEOPLE IN TIMES OF NEED.

Program Service Accomplishments

Program 1

Expenses: $132,421 Revenue: $77,450

TO PROVIDE SCHOLARSHIPS FOR STUDENTS ASPIRING TO A CAREER IN BUSINESS AVIATION.

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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 $77,450

Program Service Revenue $0

Investment Income $0

Other Revenue $64,697

TOTAL REVENUE $142,147

Expense Breakdown

Grants Paid $132,421

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,421

Other Expenses $19,755

TOTAL EXPENSES $152,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,147	$163,860	-0.1%
Expenses	$152,176	$87,362	+0.7%
Net Income	$-10,029	$76,498	-1.1%

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

$186,537

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNNY FOSTER	CHAIR	1.00	Director	$0	$0	$0
JAY GANTT	SECRETARY	1.00	Director	$0	$0	$0
FRANK JANIK	TREASURER	1.00	Director	$0	$0	$0
DAVID DEITCH	MEMBER	1.00	Director	$0	$0	$0
MEGHA BHATIA	MEMBER	1.00	Director	$0	$0	$0
SUZANNE MINERS-LEVY	VICE CHAIR	1.00	Director	$0	$0	$0
HEATHER WOLFF-GRIFFIN	MEMBER	1.00	Director	$0	$0	$0
WAYNE STARLING	EXECUTIVE DIRECTOR	5.00	Officer	$0	$105,318	$105,318
ERIKA INGLE	MANAGING DIRECTOR	5.00	Officer	$0	$81,219	$81,219

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	$142,147	$152,176	$279,022	$-10,029
2023	$163,860	$87,362	$290,118	$76,498