Aviation Insurance Association Education Foundation
Nonprofit profile at a glance
- EIN
- 262603448
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990 2015, Form 990-EZ 2024
- Location
- Lexington, KY, USA
- Phone
- 8592193545
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Named Trusts N.E.C.
Reported finances
- Revenue
- $5
- Expenses
- $7,450
- Assets
- $53,239
- Liabilities
- $750
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- NICOLE WOLFE STOUT (DIRECTOR)
- MARY D'ALAURO (DIRECTOR)
- NANCY GRATZER (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To raise funds for educational programs, grants and scholarships to aid, assist and encouraging students or individuals to continue their interest in pursuing aviation insurance as a career.
What it reported doing in 2024
The aia education foundation was established in 2008 on behalf of the aviation insurance association to raise funds for educational programs, grants and scholarships (awarded by the aia board of directors), to aid, assist and encouraging students or individuals to continue their interest in pursuing aviation insurance as a career.the aia education foundation provides up to four (4) scholarships each year to students who are currently enrolled in an accredited undergraduate or graduate degree program and who have completed or are completing an internship program within the aviation insurance industry. The scholarship was formed in order to help him or her alleviate financial strain while expanding their professional knowledge and education.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.4%; rating input score 85
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -148,900%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 7.15; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -14.6% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -3.1% per year; rating input score 0; 40th percentile among comparable filings
- Asset growth: -5.7% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 85.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.