Bob Hoover Academy

What it reported doing in 2024

Having completed our eighth year of public-private partnership with the monterey county office of education (mcoe), has been another year of tremendous progress for the bob hoover academy. Our third school year in our salinas airport campus brought a new academic and operations team with renewed academic rigor. Students enjoyed several field trips, which included nellis airforce base, a tour of joby aircraft manufacturing, and a rocket launch on merrill farms. We have also begun planning for a new career technical education airframe & powerplant program with reedley college and implemented a new aopa stem curriculum. Lastly, we have begun building a cubcrafter ex kit that will allow us to continually fund our program as we build them and sell them.aircraft and simulator training: bha continues its core mission of inspiring student learning through the power of flight. In 2024 we maintained our extensive use of the simulator, resulting in savings of approximately 68 aircraft flights that would otherwise have been flown, for a cost savings value of $13,600 ($200/hour).in 2024, we were donated a 1963 piper pa-30 which we sold for $90,000. We were donated $480,000 for three cubcrafter ex kits. We hired an a&p mechanic who is building the first cubcrafter kit so we can build it and sell it and have continual income for our a&p program.the year 2024 also brought in $660 of unrelated business income through 13.2 hours of renting out our donated flight simulator.2024 statistics: 39 students, 476.5 plane hours, 339 student flights, 1 solo flight, 66.7 simulator hours, 68 simulator flights and 600 volunteer hours.flight training achievements: the year 2024 brought along a number of achievements by some exceptional students in the area of flight training. One of our graduated seniors continued on earning his private pilot certificate through the bob hoover academy while also helping as a volunteer. He is now in boot camp for the u.s. Marine corp.another student achieved his solo flight training endorsement and has accomplished the required training to qualify for his private pilot check ride. We hope to see another newly minted private pilot soon! With the growing interest in flight training at the bob hoover academy we have a few more students getting close to solo flight. We look forward to having more students accomplish their goals in their lives and in the world of aviation.graduation 2023-2024 school year: we had 6 graduating seniors, and one senior continued on to job corp. All in all, a very successful year academically. We celebrated with a nice graduation which included a mariachi band, diplomas, and food for all.las vegas trip: we took 7 exceptional students to las vegas to expose them to the world of flight and engineering. We toured hoover dam, took them to 'the earth' sphere show and then toured nellis airforce base. The students learned a lot and really took advantage of all we showed to them.summer school 2024: summer school in 2024 had 10 students enrolled. Summer school keeps our students engaged over the summer and opens the school to potential new students. Most importantly, it is an opportunity for credit-deficit seniors to perform credit recovery in order to graduate in the summer months. We had 3 new students attend the school. This was an opportunity for us to introduce the new aopa curriculum to our students. The students had an opportunity to learn kinetically by building a "heavy lift rocket" with balloons; they constructed and flew hot air balloons; and they designed, built and tested airfoils that were inserted into a fully functioning wind tunnel and logged the results. The new curriculum gave a record number of summer credits earned ranging from 4.1 to 9.1, in physical education, physical science and english. The credits were based on attendance and the number of extra packets completed.other activities included a new wellness program where we introduced the students to morning thoughts on staying healthy a

Financial Efficiency

• Mission deployment rate: 64.2%; rating input score 64
• Program expense ratio: 86.3%; rating input score 86
• Fundraising efficiency: $28.73 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 25.6%; rating input score 81; 81st percentile among comparable filings
• Total-asset coverage ratio: 1.92; rating input score 63; 63rd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 3.5%; rating input score 56; 56th percentile among comparable filings

Growth

• Program expense growth: 24.9% per year; rating input score 100; 87th percentile among comparable filings
• Revenue growth: 25.1% per year; rating input score 100; 90th percentile among comparable filings
• Asset growth: 32% per year; rating input score 100; 92nd percentile among comparable filings