Vaughn College Of Aeronautics And Technology
Vaughn College experiences consistent operational deficits and declining assets over recent years.
EIN: 110461385 · East Elmhurst, NY · NTEE: B42 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62.9M |
| Total Expenses | $43.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $40M |
| Net Assets | $30.1M |
| Transparency Score | 75/100 |
Is Vaughn College Of Aeronautics And Technology Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vaughn College Of Aeronautics And Technology directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vaughn College Of Aeronautics And Technology
Vaughn College Of Aeronautics And Technology (EIN: 110461385) is a nonprofit organization based in East Elmhurst, NY, classified under NTEE code B42. The organization reported total revenue of $62.9M and total assets of $84.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vaughn College Of Aeronautics And Technology's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vaughn College Of Aeronautics And Technology is a major nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40.7M |
| Total Expenses | $43.6M |
| Surplus / Deficit | $-2,869,424 |
| Total Assets | $90.8M |
| Total Liabilities | $60.7M |
| Net Assets | $30.1M |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 66.8% |
| Months of Reserves | 25.0 months |
Financial Health Grade: C
In 2023, Vaughn College Of Aeronautics And Technology reported a deficit of $2.9M with expenses exceeding revenue, holds 25.0 months of operating reserves (strong position), has a debt-to-asset ratio of 66.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vaughn College Of Aeronautics And Technology's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | +0.4% | -7.7% |
| 2022 | -3.0% | -3.1% | -6.9% |
| 2021 | -17.9% | -12.1% | +0.4% |
| 2020 | +16.7% | +12.0% | -4.1% |
| 2019 | +5.5% | +6.2% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vaughn College Of Aeronautics And Technology with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Vaughn College Of Aeronautics And Technology allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.8%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with $40M+ in annual expenses. This either indicates that executive compensation is not reported under this specific line item or that officers are uncompensated, which would be a significant strength in terms of resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Vaughn College Of Aeronautics And Technology's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $43.5M expenses vs $40.6M revenue in 202308.
- Declining asset base from $113.2M in 201708 to $90.8M in 202308.
- Unusually low or unreported officer compensation (0% across all filings) which may obscure actual executive pay.
Strengths
The following positive indicators were identified for Vaughn College Of Aeronautics And Technology:
- Consistent revenue generation above $40 million annually.
- Stable liability levels, indicating controlled debt management.
- Focus on educational mission (NTEE B42) with significant program spending implied by the scale of operations.
Frequently Asked Questions about Vaughn College Of Aeronautics And Technology
Is Vaughn College Of Aeronautics And Technology a legitimate charity?
Based on AI analysis of IRS 990 filings, Vaughn College Of Aeronautics And Technology (EIN: 110461385) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Vaughn College Of Aeronautics And Technology spend its money?
Vaughn College Of Aeronautics And Technology directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vaughn College Of Aeronautics And Technology tax-deductible?
Vaughn College Of Aeronautics And Technology is registered as a tax-exempt nonprofit (EIN: 110461385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Vaughn College Of Aeronautics And Technology CEO make?
Vaughn College Of Aeronautics And Technology's highest-compensated officer earns $40M annually. The organization reported $62.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Vaughn College Of Aeronautics And Technology's spending goes to programs?
Vaughn College Of Aeronautics And Technology directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vaughn College Of Aeronautics And Technology compare to similar nonprofits?
With a transparency score of 75/100 (Good), Vaughn College Of Aeronautics And Technology is above average for NTEE category B42 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vaughn College Of Aeronautics And Technology located?
Vaughn College Of Aeronautics And Technology is headquartered in East Elmhurst, New York and files with the IRS under EIN 110461385. It is classified under NTEE code B42.
How many years of IRS 990 filings does Vaughn College Of Aeronautics And Technology have?
Vaughn College Of Aeronautics And Technology has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $62.9M in total revenue.
Why do expenses consistently exceed revenue for Vaughn College?
For the 202308 period, expenses were $43,562,964 while revenue was $40,693,540, continuing a trend seen in most recent filings. This suggests the college may be utilizing reserves or operating with a structural deficit, which could impact long-term financial stability.
What is the reason for the declining asset base?
Assets have decreased from $113,245,540 in 201708 to $90,841,107 in 202308. This decline, coupled with consistent operational deficits, indicates a potential draw on reserves or depreciation of physical assets without sufficient reinvestment.
How is executive compensation truly handled given the 0% reported?
The consistent reporting of 0% for officer compensation across all filings is highly unusual for an institution of this scale. It's crucial to investigate if compensation is reported under different categories (e.g., salaries and wages for all employees) or if officers genuinely receive no compensation, which would be a significant positive for efficiency.
Filing History
IRS 990 filing history for Vaughn College Of Aeronautics And Technology showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vaughn College Of Aeronautics And Technology's revenue has grown by 29.2%, moving from $31.5M to $40.7M. Total assets increased by 48.7% over the same period, from $61.1M to $90.8M. Total functional expenses rose by 38.9%, from $31.4M to $43.6M. In its most recent filing year (2023), Vaughn College Of Aeronautics And Technology reported a deficit of $2.9M, with expenses exceeding revenue. The organization holds $60.7M in liabilities against $90.8M in assets (debt-to-asset ratio: 66.8%), resulting in net assets of $30.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40.7M | $43.6M | $90.8M | $60.7M | — | View 990 |
| 2022 | $40.5M | $43.4M | $98.5M | $63.4M | — | View 990 |
| 2021 | $41.8M | $44.8M | $105.8M | $63.1M | — | View 990 |
| 2020 | $50.9M | $50.9M | $105.4M | $64.9M | — | — |
| 2019 | $43.6M | $45.5M | $109.8M | $69.5M | — | View 990 |
| 2018 | $41.3M | $42.8M | $111.1M | $69.1M | — | View 990 |
| 2017 | $39.6M | $42.3M | $113.2M | $71.1M | — | View 990 |
| 2016 | $39.5M | $42.5M | $100.9M | $56.0M | — | View 990 |
| 2015 | $40.5M | $41.5M | $107.6M | $60.8M | — | View 990 |
| 2014 | $43.8M | $38.6M | $108.8M | $60.4M | — | View 990 |
| 2013 | $52.1M | $36.5M | $92.5M | $53.0M | — | View 990 |
| 2012 | $37.8M | $33.8M | $67.2M | $45.6M | — | View 990 |
| 2011 | $31.5M | $31.4M | $61.1M | $44.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40.7M, expenses of $43.6M, and assets of $90.8M (revenue +0.4% year-over-year).
- 2022: Revenue of $40.5M, expenses of $43.4M, and assets of $98.5M (revenue -3.0% year-over-year).
- 2021: Revenue of $41.8M, expenses of $44.8M, and assets of $105.8M (revenue -17.9% year-over-year).
- 2020: Revenue of $50.9M, expenses of $50.9M, and assets of $105.4M (revenue +16.7% year-over-year).
- 2019: Revenue of $43.6M, expenses of $45.5M, and assets of $109.8M (revenue +5.5% year-over-year).
- 2018: Revenue of $41.3M, expenses of $42.8M, and assets of $111.1M (revenue +4.5% year-over-year).
- 2017: Revenue of $39.6M, expenses of $42.3M, and assets of $113.2M (revenue +0.1% year-over-year).
- 2016: Revenue of $39.5M, expenses of $42.5M, and assets of $100.9M (revenue -2.4% year-over-year).
- 2015: Revenue of $40.5M, expenses of $41.5M, and assets of $107.6M (revenue -7.6% year-over-year).
- 2014: Revenue of $43.8M, expenses of $38.6M, and assets of $108.8M (revenue -16.0% year-over-year).
- 2013: Revenue of $52.1M, expenses of $36.5M, and assets of $92.5M (revenue +37.9% year-over-year).
- 2012: Revenue of $37.8M, expenses of $33.8M, and assets of $67.2M (revenue +20.0% year-over-year).
- 2011: Revenue of $31.5M, expenses of $31.4M, and assets of $61.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vaughn College Of Aeronautics And Technology:
Data Sources and Methodology
This transparency report for Vaughn College Of Aeronautics And Technology is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.