NATIONAL TEST PILOT SCHOOL (EIN 953661621) - 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

1981

Legal Domicile

Principal Officer

JEFF TRANG

Phone

6618242977

Tax Period

2023-01-01 to 2023-12-31

NATIONAL TEST PILOT SCHOOL, founded in 1981, is a mid-sized nonprofit that reported $16.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $19.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO EDUCATE AND TRAIN MILITARY AND CIVILIAN AVIATION PERSONNEL SO THAT EACH GRADUATE INCREASES FLIGHT TEST COMPETENCY, IMPROVES FLIGHT TEST AND AVIATION SAFETY, AND ENHANCES THE AEROSPACE PROFESSION WORLDWIDE.

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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 $0

Program Service Revenue $14,745,670

Investment Income $120,421

Other Revenue $1,809,124

TOTAL REVENUE $16,675,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,470,723

Fundraising Expenses $0

Program Expenses $16,284,478

Other Expenses $13,466,439

TOTAL EXPENSES $19,937,162

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,675,215	$14,378,753	+0.2%
Expenses	$19,937,162	$15,291,802	+0.3%
Net Income	$-3,261,947	$-913,049	+2.6%

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

$1,428,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM MORGENFELD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GEORGE MARRETT	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MCLENDON	DIRECTOR	1.00	Director	$0	$0	$0
BILL BOWES	DIRECTOR	1.00	Director	$0	$0	$0
PHIL SOUCY	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE KOSTER	DIRECTOR	1.00	Director	$0	$0	$0
RICK SHELDON	DIRECTOR	1.00	Director	$0	$0	$0
BOB BEHLER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK GARMAN	CEO	40.00	Officer	$432,600	$51,725	$484,325
JEFF TRANG	CMO	40.00	Officer	$168,663	$21,867	$190,530
JAMES E BROWN III	PRESIDENT	40.00	Officer	$421,488	$61,371	$482,859
LUCA CAMPELLO	COO	40.00	Officer	$222,213	$48,777	$270,990
ILAN ARUSH	CHIEF ACADEMIC OFFICER	40.00	Highest	$190,224	$44,742	$234,966
MATTEO BRAMBILLA	INSTRUCTOR	40.00	Highest	$175,754	$42,376	$218,130
BRUCE WILDER	INSTRUCTOR	40.00	Highest	$187,600	$43,106	$230,706
JASON PAQUIN	INSTRUCTOR	40.00	Highest	$189,379	$44,360	$233,739
ANDREA PINGITORE	INSTRUCTOR	40.00	Highest	$182,516	$43,700	$226,216

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	$16,675,215	$19,937,162	$38,389,432	$-3,261,947
2022	$14,378,753	$15,291,802	$43,514,404	$-913,049
2021	$10,175,597	$12,357,405	$24,506,329	$-2,181,808
2020	$14,822,780	$13,730,078	$27,166,734	$1,092,702
2019	$19,195,139	$15,957,210	$29,042,298	$3,237,929
2018	$19,698,247	$16,095,580	$22,643,726	$3,602,667

NATIONAL TEST PILOT SCHOOL