Training and Simulation Technology Consortium INC

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EIN 59-3239132 Public charity (501(c)(3)) Orlando, FL NTEE Z99
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$1.5M
FY2024▼ -2%
Expenses
$1.5M
FY2024▲ +2%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Helps the U.S. government implement defense conversion and transition programs. For fiscal year 2024 it reported $1.5M in revenue, $1.5M in expenses, and $509K in net assets.Pt I

Type
Public charity (501(c)(3)) · Unclassified
Location
Orlando, FL
Website
www.simulationinformation.com
Filings
5 on file (2020–2024)
Revenue
$1.5MFY2024
Expenses
$1.5M
Net assets
$509K
People
18
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Figures match the IRS filing checked 9/24/26 · see original: IRS
Provided by the organization

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Size
$1–10M
What they do
Helps the U.S. government implement defense conversion and transition programs.
Leadership
George Cheros · Chief Executive Ofc · $220K
Money in and out
$1.5M revenue, $1.5M expenses
Bottom line
57% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — National Defense Industrial Association

1 distinct foundation funder(s) on file, $8K received in the most recent year with grants. See detail →

How is the money spent?

WARNING

57% to programs

57% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↓ -2% vs prior year

Revenue band $1–10M, -2% versus the prior filing year (down). See detail →

Where the money goes · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.43
Program efficiency
57%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate▲ +13% vs prior filing year
Surplus margin
+0.6%
revenue over expenses, this year▼ -87% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$639K
FY2024▲ +5%
Total liabilities
$130K
FY2024▲ +17%
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$639K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CTraining and Simulation Technology Consortium INC
EINHdr · item D59-3239132
Principal addressHdr · item COrlando, FL
WebsiteHdr · item Jwww.simulationinformation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99)
Ruling yearIRS BMFDec 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Ofc
$220,000Pt VII · Sec A
Chief Operating Officer
$182,800Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
George Cheros$220,000$199,975$199,250$205,000$185,962
Dr Neal Finkelstein$182,800$151,525$163,600$150,100$152,693

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $774K of program spending, described in the organization's own filed words · FY2024.
01

Education- support education at all levels in simulation technology through educational programs, teacher and student support initiatives, and scholarship assistance. Support education about simulation technology to inform the general public and serve as an information link and resource for simulation professionals in government…

$379Kprogram expense
02

Technology transfer- promote dual use technologies; the spin- off of military technologies and capabilities in modeling, simulation and training into other useful applications and the spin-on of commercial digital media, entertainment, and related technology applications into the military.

$214Kprogram expense
03

Technology business support- simulation community development and support through technology applications and information that expand the use of simulation from military to education and industry. Support modeling, simulation and training industry workforce education and development.

$181Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.3M · 92%
Contributions & grants$95K · 6%
Other revenue$27K · 2%
Program service revenue92%$1.3M
Contributions & grants6%$95K
Other revenue2%$27K
Investment income$1K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.43
Program services57%$823K
Management & general43%$628K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$414K
Total assetsLn 16$639K
Total liabilitiesLn 26$130K
Total net assetsLn 32$509K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $414K · Operating expenses/yr $1.5M
3.4 months
Where the money goes
Program services
Program services $823K · Total expenses $1.5M
57%
Management & General
Management & general $628K · Total expenses $1.5M
43%
Fundraising
Fundraising $0 · Total expenses $1.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $99K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $95K · Total revenue $1.5M
6%
Government reliance
Government grants — · Total revenue $1.5M
—
Earned-income share
Program service revenue $1.3M · Total revenue $1.5M
92%
Investment reliance
Investment income $1K · Total revenue $1.5M
+0.09%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $1.5M
92%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $1.5M
-2%
Revenue CAGR
FY2020 $710K · FY2024 $1.5M
+20%
Net-asset trend (YoY)
End of year $509K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.5M
+0.6%
Liabilities-to-Assets
Total liabilities — · Total assets $639K
—
Net-asset ratio
Net assets $509K · Total assets $639K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $639K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual George Cheros · Reported title CHIEF EXECUTIVE OFC · Highest reported compensation $220K · Total expenses $1.5M
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $875K · Total expenses $1.5M
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 57%——
Overhead ratio 43%——
Fundraising cost ratio 0%——
Revenue growth -2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$710K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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