Stratus Aviation Foundation
Nonprofit profile at a glance
- EIN
- 464927057
- IRS 990-EZ coverage
- 2014–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2018, Form 990-EZ 2024
- Location
- Berwyn, PA, USA
- Phone
- 6108648720
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Humanities Organizations
Reported finances
- Revenue
- $700
- Expenses
- $33,744
- Assets
- $142,780
- Liabilities
- $6,765
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- DIMITRI VASSILIOU (OFFICER/TRUSTEE)
- NAIAL CASANOVAS (BOARD MEMBER)
- MICHAEL SCHULTZ (BOARD MEMBER)
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
Stratus Aviation Foundation (SAF) is a 501(c)(3) non-profit organization dedicated to promoting aviation and careers that involve STEM education by giving young people the opportunity to build real airplanes and flight simulators.
What it reported doing in 2024
The stratus aviation foundation ("saf") conducts its primary aviation educational programs in collaboration with brandywine aviation & maintenance at brandywine regional airport. Saf's educational initiatives encompass comprehensive aviation experiences, including flight training and mechanical training. The foundation goes beyond theoretical knowledge, offering discovery flights to participants who aspire to pursue a career in aviation. These immersive activities aim to instill a deep understanding and passion for aviation, preparing participants for potential future careers in the field.in addition to its core educational programs, saf actively supports the broader community by providing basic scholarships. These scholarships serve two purposes: assisting participants within saf's programs who may lack the financial means to pursue aviation careers and contributing to other foundations with similar missions.a program participant and mentee was recently hired by piedmont airlines. He started with saf back in 2013 as a junior in high school. This is our latest success story.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.9%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4,720.6%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 4.23; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: -12.6% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 54th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 3 operating locations identified
- Where the money goes: 100% of revenue deployed · 97.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $33K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2014 to 2024
- Contacts: How to reach this organization
- 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 1/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.