Training and Simulation Technology Consortium INC FY2023 filing

Public charity (501(c)(3)) Orlando, FL EIN 59-3239132 NTEE Z99
Revenue
$1.5M
▲ +8%
FY2023 · Pt VIII · Ln 12
Expenses
$1.4M
▲ +11%
FY2023 · Pt IX · Ln 25
Net assets
$500K
FY2023 · Pt X · Ln 32
To programs
60%
FY2023 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$1.5M
FY2023▲ +8%
Expenses
$1.4M
FY2023▲ +11%

Helps the U.S. government implement defense conversion and transition programs.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
1 funder — National Defense Industrial Association
$8K in the latest grant year.
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Spent on programs?
60% to programs
Form 990 Part IX, latest filing.
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Size and trend
$1–10M
↑ +8% vs prior year
Details →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Helps the U.S. government implement defense conversion and transition programs.

Type
Public charity (501(c)(3)) · Unclassified
Location
Orlando, FL
Website
www.simulationinformation.com
Filings
5 on file (2020–2023)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/24/26 · see original: IRS
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Where the money goes · FY2023
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.40
Program efficiency
60%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$611K
FY2023▲ +0.6%
Total liabilities
$111K
FY2023▼ -36%
Revenue less expensesPt I · Ln 19$68K
Total assetsPt X · Ln 16$611K
Program-expense ratioPt IX · col B60%
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
$199,975Pt VII · Sec A
Chief Operating Officer
$151,525Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$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 $800K of program spending, described in the organization's own filed words · FY2023.
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…

$395Kprogram 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.

$221Kprogram 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.

$184Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.4M · 91%
Contributions & grants$104K · 7%
Other revenue$25K · 2%
Program service revenue91%$1.4M
Contributions & grants7%$104K
Other revenue2%$25K
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 $0.60 Management & general $0.40
Program services60%$851K
Management & general40%$566K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$352K
Total assetsLn 16$611K
Total liabilitiesLn 26$111K
Total net assetsLn 32$500K
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $352K · Operating expenses/yr $1.4M
3.0 months
Where the money goes
Program services
Program services $851K · Total expenses $1.4M
60%
Management & General
Management & general $566K · Total expenses $1.4M
40%
Fundraising
Fundraising $0 · Total expenses $1.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $97K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $104K · Total revenue $1.5M
7%
Government reliance
Government grants — · Total revenue $1.5M
—
Earned-income share
Program service revenue $1.4M · Total revenue $1.5M
91%
Investment reliance
Investment income $1K · Total revenue $1.5M
+0.07%
Program self-sufficiency
Program service revenue $1.4M · Total expenses $1.4M
96%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $1.4M
+8%
Net-asset trend (YoY)
End of year $500K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.4M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $611K
—
Net-asset ratio
Net assets $500K · Total assets $611K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $611K
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 $200K · Total expenses $1.4M
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $803K · Total expenses $1.4M
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 60%——
Overhead ratio 40%——
Fundraising cost ratio 0%——
Revenue growth 8%——
Accounting fee ratio 3%——

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 · ⤓ 990 PDF
FY2023$1.5M revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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