International Aerospace Quality Group

What it reported doing in 2024

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.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: Scored; rating input score 0
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 96.6%; rating input score 97; 26th percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -4.8%; rating input score 20; 20th percentile among comparable filings
• Total-asset coverage ratio: 2.36; rating input score 67; 67th percentile among comparable filings
• Liabilities to assets ratio: 0.66; rating input score 15; 15th percentile among comparable filings
• Officer compensation ratio: 1.8%; rating input score 77; 77th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
• Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings