INTERNATIONAL AEROSPACE QUALITY GROUP

EIN: 981243515 Community Improvement

WASHINGTON, DC

Total Revenue
$4,157,918
Total Expenses
$4,358,929
Total Assets
$10,279,312
Net Assets
$3,543,578
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
PA
Principal Officer
ERIC JEFFERIES
Phone
2152811464
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL AEROSPACE QUALITY GROUP, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROTECT AND DEVELOP THE INTERNATIONAL INTERESTS OF THE AVIATION, SPACE AND DEFENSE INDUSTRIES THROUGH THE IMPLEMENTATION OF QUALITY MANAGEMENT SYSTEM. FEES AND ALL OTHER REVENUE WILL BE USED TO FURTHER THE PURPOSE OF THE IAQG. THE IAQG COMPRISES AVIATION, SPACE, AND DEFENSE COMPANIES, DIVIDED INTO THREE GEOGRAPHIC SECTORS: (1) THE AMERICAS, (2) EUROPE, AND (3) ASIA-PACIFIC. THE MISSION OF THE IAQG IS TO IMPLEMENT QUALITY INITIATIVES THAT MAKE IMPROVEMENTS THROUGHOUT THE VALUE STREAM OF PRODUCTS AND SERVICES. THE IAQG: - PROMOTES QUALITY CULTURE; - ESTABLISHES AND MAINTAINS QUALITY MANAGEMENT SYSTEM STANDARDS AND CERTIFICATION SYSTEM, RECOGNIZED BY INTERNATIONAL NORMALIZATION BODIES AND REGULATORY AND GOVERNMENTAL AGENCIES; - COLLECTS AND OFFERS BEST PRACTICES AND PROCESSES; - PROMOTES COOPERATION BETWEEN INTERNATIONAL AVIATION, SPACE AND DEFENCE COMPANIES; AND - MAINTAINS RELATIONSHIPS WITH REGULATORY AND GOVERNMENTAL AGENCIES AND OTHER INDUSTRY STAKEHOLDERS.

Program Service Accomplishments

Program 1

IAQG SPONSORS THE ONLINE AEROSPACE SUPPLIER INFORMATION SYSTEM (OASIS), A COMPREHENSIVE DATABASE IN WHICH SUPPLIERS OBTAIN CERTIFICATION FROM APPROXIMATELY 80 ACCREDITED CERTIFICATION BODIES...

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IAQG SPONSORS THE ONLINE AEROSPACE SUPPLIER INFORMATION SYSTEM (OASIS), A COMPREHENSIVE DATABASE IN WHICH SUPPLIERS OBTAIN CERTIFICATION FROM APPROXIMATELY 80 ACCREDITED CERTIFICATION BODIES WORLDWIDE. UPON RECEIVING CERTIFICATION TO IAQG QUALITY MANAGEMENT SYSTEM STANDARDS (AS/EN/JISQ 9100 SERIES), SUPPLIERS PAY A CERTIFICATION FEE TO BE LISTED IN THIS DATABASE OF CERTIFIED SUPPLIERS FOR SPECIFIC SERVICES OR PRODUCTS. MANUFACTURERS AND PRIME CONTRACTORS IN THE AEROSPACE INDUSTRY UTILIZE OASIS TO IDENTIFY AND SELECT QUALIFIED CERTIFIED SUPPLIERS, ENSURING QUALITY AND COMPLIANCE THROUGHOUT THE GLOBAL SUPPLY CHAIN.** CONTINUED ON SCHEDULE O **DURING FISCAL YEAR 2024, IAQG CONTINUED ADVANCING ITS OASIS V3 PLATFORM, IMPLEMENTING RESOLUTION 167 WHICH MANDATED EXCLUSIVE USE OF OASIS V3 FOR ALL CERTIFICATION BODY AUDIT REPORTING AND SUNSETTING THE LEGACY OASIS NEXTGEN PLATFORM. THE ORGANIZATION REFINED ITS FEE STRUCTURE AND UPDATED PLATFORM INSTRUCTIONAL CONTENT TO ENHANCE EFFICIENCY AND DATA QUALITY THROUGHOUT THE CERTIFICATION PROCESS. THESE DIGITAL PLATFORM IMPROVEMENTS ENABLE MORE EFFECTIVE MONITORING AND ADMINISTRATION OF AEROSPACE QUALITY STANDARDS ACROSS THE WORLDWIDE SUPPLY CHAIN.IAQG DEVELOPS AND MAINTAINS INTERNATIONALLY RECOGNIZED AEROSPACE QUALITY MANAGEMENT SYSTEM STANDARDS APPLIED GLOBALLY THROUGHOUT THE SUPPLY CHAIN. IN FISCAL YEAR 2024, THE ORGANIZATION PUBLISHED IA9137, THE FIRST INTERNATIONAL AEROSPACE STANDARD RELEASED SIMULTANEOUSLY IN MULTIPLE LANGUAGES GLOBALLY, MARKING A SIGNIFICANT MILESTONE IN STREAMLINING INTERNATIONAL STANDARDS PUBLICATION AND DISTRIBUTION.AS PART OF MEMBERSHIP BENEFITS, SUPPLIERS GAIN ACCESS TO COMPREHENSIVE GUIDANCE MATERIALS INCLUDING THE SUPPLY CHAIN MANAGEMENT HANDBOOK (SCMH) AND THE AEROSPACE IMPROVEMENT MATURITY MODEL (AIMM). THE SCMH PROVIDES BEST PRACTICES AND IMPLEMENTATION GUIDANCE ON TOPICS INCLUDING ADVANCED PRODUCT QUALITY PLANNING, RISK MANAGEMENT, CONFIGURATION MANAGEMENT, COUNTERFEIT PARTS PREVENTION, AND FOREIGN OBJECT DAMAGE PREVENTION. AIMM OFFERS A FREE WEB-BASED ASSESSMENT TOOL WITH 26 MODULES TO HELP ORGANIZATIONS EVALUATE AND IMPROVE THEIR QUALITY MANAGEMENT SYSTEM MATURITY BEYOND BASIC COMPLIANCE. THESE RESOURCES, ALONG WITH HANDBOOKS, TECHNICAL PUBLICATIONS, TRAINING PROGRAMS, AND DEPLOYMENT SUPPORT MATERIALS, ARE PROVIDED TO ADVANCE INDUSTRY-WIDE QUALITY IMPROVEMENT AND SUPPORT THE MISSION TO CONTINUOUSLY IMPROVE PROCESSES AND REDUCE COSTS THROUGHOUT THE AEROSPACE VALUE STREAM.

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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 $0
Program Service Revenue $3,933,944
Investment Income $223,974
Other Revenue $0
TOTAL REVENUE $4,157,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,356
Fundraising Expenses $0
Other Expenses $4,279,573
TOTAL EXPENSES $4,358,929

Year-over-Year Comparison

2024 2023 Change
Revenue $4,157,918 $3,794,237 +0.1%
Expenses $4,358,929 $4,195,391 +0.0%
Net Income $-201,011 $-401,154 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
29
Independent Members
28
Employees
N/A
Volunteers
150

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
5
$79,356
Total Directors
29
$79,356
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX VALDERREY TREASURER 30.00
Officer Director
$79,356 $0 $79,356
SIEGFRIED BRAUNER DIRECTOR 0.50
Director
$0 $0 $0
ERIC DUBOIS DIRECTOR 0.50
Director
$0 $0 $0
AMIE EMERSON DIRECTOR 0.50
Director
$0 $0 $0
JEFF EWING DIRECTOR 0.50
Director
$0 $0 $0
ROBERT HAARMANN DIRECTOR 0.50
Director
$0 $0 $0
ANNIKA HOLM DIRECTOR 0.50
Director
$0 $0 $0
TAKASHI IKEZAKI DIRECTOR 0.50
Director
$0 $0 $0
OLIVER KRAATZ DIRECTOR 0.50
Director
$0 $0 $0
ANDRE LACROIX DIRECTOR 0.50
Director
$0 $0 $0
PETE LUKSAS DIRECTOR 0.50
Director
$0 $0 $0
MARLENE MEADOWS DIRECTOR 0.50
Director
$0 $0 $0
BARBARA NEGROE DIRECTOR 0.50
Director
$0 $0 $0
MIN-GOO PARK DIRECTOR 0.50
Director
$0 $0 $0
HAIBO QU DIRECTOR 0.50
Director
$0 $0 $0
MARISELA RAYES DIRECTOR 0.50
Director
$0 $0 $0
SHINEI TAKAHASHI DIRECTOR 0.50
Director
$0 $0 $0
BRIAN TENNEY DIRECTOR 0.50
Director
$0 $0 $0
ANNE VALDEZ DIRECTOR 0.50
Director
$0 $0 $0
MARK VOGEL DIRECTOR 0.50
Director
$0 $0 $0
SUGURU WATANABE DIRECTOR 0.50
Director
$0 $0 $0
JON WANDLESS DIRECTOR 0.50
Director
$0 $0 $0
SONNY WILKINS DIRECTOR 0.50
Director
$0 $0 $0
JIANQIANG XU DIRECTOR 0.50
Director
$0 $0 $0
CAGLAR YARAR DIRECTOR 0.50
Director
$0 $0 $0
FORTUNATO GIARDINA EUROPEAN SECTOR CHAIR 3.50
Officer Director
$0 $0 $0
SUGURU WATANABE ASIA-PACIFIC SECTOR CHAIR 3.50
Officer Director
$0 $0 $0
MIKI UEHARA ASIA-PACIFIC CHAIR 3.50
Officer Director
$0 $0 $0
ERIC JEFFERIES PRESIDENT 3.50
Officer 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 $4,157,918 $4,358,929 $10,279,312 $-201,011
2023 $3,794,237 $4,195,391 $9,455,039 $-401,154
2022 $3,697,583 $3,299,938 $9,835,372 $397,645
2021 $3,573,772 $3,095,564 $9,601,277 $478,208
2020 $3,153,317 $2,768,809 $8,476,822 $384,508
2019 $2,787,730 $3,322,738 $7,873,600 $-535,008
2018 $2,919,241 $2,959,149 $7,438,095 $-39,908
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