SOCIETY OF EXPERIMENTAL TEST PILOTS SCHOLARSHIP FOUNDATION

EIN: 952479396 501(c)(3)

LANCASTER, CA

Total Revenue
$468,200
Total Expenses
$521,334
Total Assets
$8,778,579
Net Assets
$8,778,579
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
CA
Principal Officer
L BALDERAS
Phone
6619429574
Tax Period
2024-01-01 to 2024-12-31

SOCIETY OF EXPERIMENTAL TEST PILOTS SCHOLARSHIP FOUNDATION, founded in 1965, is a small nonprofit that reported $468K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $521K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE SCHOLASHIP FDN IS TO RECEIVE, ACQUIRE, MANAGE, ADMINISTER, & EXPEND PROPERTY & FUNDS FOR SCHOLARSHIPS & OTHER FORMS OF EDUCATIONAL ASSISTANCE TO CHILDREN OF SOCIETY MEMBERS, WITH EMPHASIS GIVEN TO CHILDREN OF DECEASED & DISABLED SOCIETY MEMBERS. A SCHOLARSHIP WAS FIRST AWARDED IN 1967. SINCE THAT TIME OVER 4 MILLION HAS BEEN GRANTED IN EDUCATIONAL ASSISTANCE TO OVER 250 STUDENTS. IN 2021 72 STUDENTS ATTENDED SCHOOL WITH SCHOLARSHIP FDN ASSISTANCE. FOR EVERY DOLLAR CONTRIBUTED, MORE THAN 95% GOES DIRECTLY TO COVER THE STUDENTS' EDUCATIONAL EXPENSES. A CONTRIBUTION TO THE SCHOLARSHIP FDN IS THE IDEAL WAY TO COMMERMORATE A SOCIETY MEMBER WHILE HELPING SUPPORT CHILDREN OF SOCIETY MEMBERS

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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 $98,638
Program Service Revenue $0
Investment Income $369,562
Other Revenue $0
TOTAL REVENUE $468,200

Expense Breakdown

Grants Paid $379,287
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $439,288
Other Expenses $142,047
TOTAL EXPENSES $521,334

Year-over-Year Comparison

2024 2023 Change
Revenue $468,200 $276,382 +0.7%
Expenses $521,334 $482,164 +0.1%
Net Income $-53,134 $-205,782 -0.7%
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
23
Independent Members
23
Employees
N/A
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
0
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
L BALDERAS Executive Dir. 1.00
Director
$0 $0 $0
G LEWIS Trustee 1.00
Director
$0 $0 $0
E KNUDSON Trustee 1.00
Director
$0 $0 $0
J LANNI Trustee 1.00
Director
$0 $0 $0
J OHMAN Trustee 1.00
Director
$0 $0 $0
A TOBIAS Trustee 1.00
Director
$0 $0 $0
B VANCE Trustee 1.00
Director
$0 $0 $0
M STUCKY Trustee 1.00
Director
$0 $0 $0
A THOMPSON Trustee 1.00
Director
$0 $0 $0
M HANKS Trustee 1.00
Director
$0 $0 $0
S RAINEY Trustee 1.00
Director
$0 $0 $0
K BENJAMIN Trustee 1.00
Director
$0 $0 $0
T LARDY Trustee 1.00
Director
$0 $0 $0
G GRAHAM Trustee 1.00
Director
$0 $0 $0
T ERICSON Trustee 1.00
Director
$0 $0 $0
R CREGIER Trustee 1.00
Director
$0 $0 $0
R ROWE Secretary 1.00
Director
$0 $0 $0
J BROWN III VICE CHAIRMAN 1.00
Director
$0 $0 $0
K LARSON Treasurer 1.00
Director
$0 $0 $0
A MCFARLAND Trustee 1.00
Director
$0 $0 $0
J FERGIONE Chairman 1.00
Director
$0 $0 $0
T GANG Trustee 1.00
Director
$0 $0 $0
M WINHEIM Trustee 1.00
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 $468,200 $521,334 $8,778,579 $-53,134
2023 $276,382 $482,164 $7,805,210 $-205,782
2022 $252,931 $508,941 $6,791,590 $-256,010
2021 $568,374 $354,745 $8,711,157 $213,629
2020 $430,150 $230,661 $7,533,286 $199,489
2019 $393,049 $161,433 $6,500,685 $231,616
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