EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD

EIN: 980681431 501(c)(3) Education

DAYTONA BEACH, FL

Total Revenue
$1,420,317
Total Expenses
$1,077,445
Total Assets
$2,111,702
Net Assets
$1,191,446
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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
2009
Phone
3863238078
Tax Period
2024-07-01 to 2025-06-30

EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD, founded in 2009, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $343K, a strong 24% operating margin.

Mission

THE MISSION OF EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, ASIA LTD (ERAU ASIA) IS TO EXTEND EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, INC.'S (ERAU) OPPORTUNITY FOR DELIVERING HIGHER EDUCATION AND RESEARCH IN AVIATION AND AEROSPACE IN KEY COUNTRIES OF THE ASIA PACIFIC REGION.

Program Service Accomplishments

Program 1
Expenses: $569,250 Revenue: $1,411,997

ERAU ASIA PROVIDES FLEXIBLE UNDERGRADUATE AND GRADUATE PROGRAMS, OFFERED ON BOTH A PART-TIME AND FULL-TIME BASIS, SERVING BOTH PRE-EMPLOYMENT STUDENTS AND WORKING PROFESSIONALS.

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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 $6,630
Program Service Revenue $1,411,997
Investment Income $1,690
Other Revenue $0
TOTAL REVENUE $1,420,317

Expense Breakdown

Grants Paid $24,191
Salaries & Benefits $479,295
Fundraising Expenses $0
Program Expenses $569,250
Other Expenses $573,959
TOTAL EXPENSES $1,077,445

Year-over-Year Comparison

2024 2023 Change
Revenue $1,420,317 $1,816,366 -0.2%
Expenses $1,077,445 $1,719,212 -0.4%
Net Income $342,872 $97,154 +2.5%
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
5
Independent Members
1
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
4
$1,916,247
Total Directors
5
$1,916,247
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES SEVASTOS BOARD MEMBER 3.0
Officer Director
$0 $40,339 $354,533
JOHN WATRET CHAIRPERSON 5.0
Officer Director
$0 $46,230 $586,000
MATTHEW FLAHERTY VICE CHANCELLOR AND HEAD OF ASIA 50.0
Officer Director
$105,488 $12,788 $261,734
RANDALL B HOWARD BOARD MEMBER 3.0
Officer Director
$0 $48,007 $713,980
LAURENCE CHIN BOARD MEMBER 3.0
Director
$0 $0 $0
PABLO ALVAREZ ASSOC VICE CHANCELLOR 40.0
Highest
$48,908 $9,428 $178,814
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
2025 $1,420,317 $1,077,445 $2,111,702 $342,872
2024 $1,816,366 $1,719,212 $1,603,469 $97,154
2023 $3,321,453 $3,098,880 $1,751,900 $222,573
2022 $3,560,046 $3,332,071 $1,824,531 $227,975
2021 $4,110,477 $3,573,901 $1,713,804 $536,576
2020 $4,266,752 $3,645,059 $2,106,650 $621,693
2019 $4,325,913 $3,657,475 $2,002,492 $668,438
2018 $4,288,090 $3,980,183 $1,324,290 $307,907
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