Ohio Aerospace Institute
Nonprofit profile at a glance
- EIN
- 341621676
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Brookpark, OH, USA
- Phone
- 4409623000
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $24,213,958
- Expenses
- $23,209,860
- Assets
- $12,843,690
- Liabilities
- $5,602,072
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- DENNIS ANDERSH (CEO & PRESID)
People named in this filing
- DENNIS ANDERSH (CEO & PRESID)
- DR CHRISTINA BLOEBAUM (DIRECTOR)
- GAIL DOMAN-SMITH (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary tax-exempt purpose is to further human scientific and engineering knowledge in a broad array of aerospace related disciplines through investigational and developmental research; to build Ohio's aerospace economy through research and technology, education and training, and collaboration and information exchange. To further the scientific and engineering education of doctoral level graduate and continuing education students through aerospace research in cooperation with, and as a consortium of, colleges and universities in Ohio, and to stimulate academic, governmental and private sector support of and cooperation with such education. To sponsor, promote and disseminate aerospace research in cooperation with, and as a consortium of, colleges and universities in Ohio; to stimulate academic, governmental and private sector support of and cooperation with such research; and to develop aerospace research and graduate education resources in Ohio.
What it reported doing in 2024
Aerospace research with specialized research teams in the areas of computational modeling, materials, structures, vehicle health monitoring and safety and space science and exploration technologies. Building and managing collaboration, consortia and publicprivate partnership neutral. Unbiased management. Workforce development: internships, scholarship, visiting faculty, short courses, education outreach, student and faculty engagement with industry and federal labs. Economic based technology development, transfer ano commercialization and leveraging aerospace network (Ohio aerospace industry asociati0n and making connections between government, industry and academia.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 88
- Accountability: 86
- Sustainability: 45
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.2%; rating input score 89
- Program expense ratio: 93.3%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.2%; rating input score 99; 33rd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.1%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings
Growth
- Program expense growth: 2% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: -0.5% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 0.2% per year; rating input score 100; 11th percentile among comparable filings
Details
- Where the money goes: 89.2% of revenue deployed · 93.3% of spending went to programs
- Governance: 6 of 7 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $21.7M in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Highest-paid contractors: 4 contractors listed · $688K reported
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 18 filed money-flow records
- Related organizations: 18 filed related-organization links
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Sustainability: Operating margin scored 51/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.