AEROX (EIN 862796416) - 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

2021

Legal Domicile

Principal Officer

BASIL YAP

Phone

3365058286

Tax Period

2023-01-01 to 2023-12-31

AEROX, founded in 2021, is a micro nonprofit in the Community Improvement sector that reported $73K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 1878% operating deficit.

Mission

CREATING A NATIONAL MODEL ECOSYSTEM FOR ADVANCED AIR MOBILITY.

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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 $72,500

Program Service Revenue $624

Investment Income $0

Other Revenue $0

TOTAL REVENUE $73,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,660

Fundraising Expenses $0

Other Expenses $1,086,460

TOTAL EXPENSES $1,446,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,124	$5,100,000	-1.0%
Expenses	$1,446,120	$669,607	+1.2%
Net Income	$-1,372,996	$4,430,393	-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

Governance

Voting Members

Independent Members

Employees

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

$254,106

Total Directors

$254,106

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BASIL YAP	PRESIDENT & DIRECTOR	Officer Director	$195,867	$0	$195,867
KYLE MOUNTS	TREASURER & DIRECTOR	Officer Director	$58,239	$0	$58,239
MICHAEL BAUGHAN	SECRETARY & DIRECTOR	Officer Director	$0	$0	$0
DAVID MOUNTS	DIRECTOR	Director	$0	$0	$0
KAREN BARNES	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$73,124	$1,446,120	$4,219,239	$-1,372,996
2022	$5,100,000	$669,607	$4,436,409	$4,430,393
2021	No data	$24,548	No data	No data

AEROX