AIRWAY SCIENCE FOR KIDS 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

1992

Legal Domicile

Principal Officer

ARON FAEGRE

Phone

9712580842

Tax Period

2023-01-01 to 2023-12-31

AIRWAY SCIENCE FOR KIDS INC, founded in 1992, is a community nonprofit in the Unknown sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring.

Mission

AIRWAY SCIENCE FOR KIDS (ASK) EXPOSES YOUTH, ESPECIALLY THOSE WHO ARE SOCIALLY AND ECONOMICALLY CHALLENGED, TO ACTIVITIES THAT INSPIRE THEIR INTEREST AND GROWTH TOWARD HIGHER LEARNING AND CAREERS IN AEROSPACE, SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS.

Program Service Accomplishments

Program 1

Expenses: $948,703 Revenue: $16,777

AIRWAY SCIENCES FOR KIDS PROVIDES AN ENVIRONMENT FOR CREATIVE LEARNING AND POSITIVE DISCOVERIES; PRACTICAL MATH, SCIENCE, AND COMPUTER APPLICATIONS ARE EMPHASIZED THROUGH COMPUTERIZED FLIGHT...

AIRWAY SCIENCES FOR KIDS PROVIDES AN ENVIRONMENT FOR CREATIVE LEARNING AND POSITIVE DISCOVERIES; PRACTICAL MATH, SCIENCE, AND COMPUTER APPLICATIONS ARE EMPHASIZED THROUGH COMPUTERIZED FLIGHT SIMULATION AND BOTH MODEL AND FULL-SIZE AIRCRAFT DESIGN AND CONSTRUCTION. THE ASK CURRICULUM COMPLEMENTS TRADITIONAL AND NONTRADITIONAL EDUCATION PROGRAMS. IN 2023, ASK SERVED 4000 INDIVIDUALS. WE WORK WITH YOUTH FROM PRE-K THROUGH COLLEGE OR CAREER (UP TO AGE 24) AND THEIR FAMILIES. OUR PARTICIPANTS ARE 80% FROM LOW-INCOME FAMILIES, 40% FEMALE, 65% BLACK, INDIGENOUS, AND PEOPLE OF COLOR. OUR PROGRAMS INCLUDE AFTER-SCHOOL CLUBS AND ACTIVITIES (SERVING 25 YOUTH PER WEEK IN 2 LOCATIONS), SUMMER CAMPS (SERVING 450 YOUTH IN 3 LOCATIONS), AND AEROSPACE COLLEGE & CAREER EXPLORATION PROGRAMS SERVING 100 STUDENTS ANNUALLY.OUR TAKEFLIGHT PROGRAM FOR 5TH-GRADE STUDENTS PROVIDES A SCIENCE CURRICULUM FOR 335 STUDENTS EACH YEAR. OUR OUTREACH AND QUARTERLY JOB FAIR EVENTS PROVIDE OPPORTUNITIES TO ENGAGE WITH OVER 2,500 COMMUNITY MEMBERS ANNUALLY. OUR PROGRAMS ARE ALL FOCUSED ON CLOSING THE GAP OF OPPORTUNITY FOR HISTORICALLY UNDERSERVED YOUTH THROUGH CULTURALLY COMPETENT, INDUSTRY-SUPPORTED, AND RESEARCH-BASED PROGRAMMING TO ALLOW ALL YOUTH THE OPPORTUNITY TO EXPLORE AEROSPACE CAREERS.

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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 $1,162,289

Program Service Revenue $16,777

Investment Income $473

Other Revenue $62,445

TOTAL REVENUE $1,241,984

Expense Breakdown

Grants Paid $1,589

Salaries & Benefits $801,962

Fundraising Expenses $52,309

Program Expenses $948,703

Other Expenses $491,035

TOTAL EXPENSES $1,315,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,241,984	$2,523,317	-0.5%
Expenses	$1,315,328	$1,608,473	-0.2%
Net Income	$-73,344	$914,844	-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

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

$111,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT PALMER	PRESIDENT	12.00	Officer Director	$0	$0	$0
GREG MOTTAU	VICE PRESIDENT	12.00	Officer Director	$0	$0	$0
TED MILLAR	TREASURER	6.00	Officer Director	$0	$0	$0
ARON FAEGRE	LONGEST-SERVING DIRECTOR	3.00	Officer Director	$0	$0	$0
HENRIETTE BURNS	SECRETARY	1.50	Officer Director	$0	$0	$0
JOHNELL BELL	BOARD MEMBER	1.50	Director	$0	$0	$0
ARIC KRAUSE	BOARD MEMBER	1.50	Director	$0	$0	$0
NIKKI MALCOLM	BOARD MEMBER	1.50	Director	$0	$0	$0
MICHAEL OLIVER	BOARD MEMBER	1.50	Director	$0	$0	$0
KARISSA PALMER	BOARD MEMBER	1.50	Director	$0	$0	$0
ROBERT STRICKLAND	BOARD MEMBER	1.50	Director	$0	$0	$0
TRACY WILLIAMS	BOARD MEMBER	1.50	Director	$0	$0	$0
JULIA CANNELL	EXECUTIVE DIRECTOR	45.00	Officer	$105,333	$6,504	$111,837

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	$1,241,984	$1,315,328	$1,443,265	$-73,344
2022	$2,523,317	$1,608,473	$1,693,047	$914,844
2021	$1,228,002	$1,079,658	$1,510,895	$148,344
2020	$425,882	$442,722	$1,401,203	$-16,840
2019	$293,751	$211,606	$282,544	$82,145