CENTRAL INDIANA SOARING SOCIETY INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

THOMAS R BURCHELL

Phone

3175725198

Tax Period

2024-01-01 to 2024-12-31

CENTRAL INDIANA SOARING SOCIETY INC, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $104K in total revenue in fiscal year 2024. The organization ran a surplus of $20K, a strong 19% operating margin.

Mission

PROMOTING NBSP;THE NBSP;SCIENCE NBSP;OF NBSP;MOTORLESS NBSP;FLIGHT

Program Service Accomplishments

Program 1

Expenses: $48,158 Revenue: $77,423

THE PURPOSE OF THE ORGANIZATION IS PROMOTING THE SCIENCE OF MOTORLESS FLIGHT, FINANCING EDUCATIONAL PROGRAMS TO INFORM THE GENERAL PUBLIC, AND PROVIDE FACILITIES AND EQUIPMENT TO TEST MOTORLESS...

THE PURPOSE OF THE ORGANIZATION IS PROMOTING THE SCIENCE OF MOTORLESS FLIGHT, FINANCING EDUCATIONAL PROGRAMS TO INFORM THE GENERAL PUBLIC, AND PROVIDE FACILITIES AND EQUIPMENT TO TEST MOTORLESS AIRCRAFT FOR PUBLIC SAFETY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1

Program Service Revenue $86,129

Investment Income $3,189

Other Revenue $14,273

TOTAL REVENUE $103,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,158

Other Expenses $83,815

TOTAL EXPENSES $83,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,592	$99,525	+0.0%
Expenses	$83,815	$77,835	+0.1%
Net Income	$19,777	$21,690	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REX BYERS	PRESIDENT	N/A	Officer	$0	$0	$0
JOHN SUMMERS	VICE PRESIDENT	N/A	Officer	$0	$0	$0
BRYAN DRAKE	SECRETARY	N/A	Officer	$0	$0	$0
ART GOOLD	TREASURER	N/A	Officer	$0	$0	$0
DAVID COLCLASURE	CHIEF FLIGHT INSTRUCTOR	N/A	Director	$0	$0	$0
MARK KAPPES	CHIEF TOW PILOT	N/A	Director	$0	$0	$0
EDWIN WELCH	TRUSTEE	N/A	Director	$0	$0	$0
RICH SMITH	TRUSTEE	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$103,592	$83,815	$936,887	$19,777
2023	$99,525	$77,835	$874,056	$21,690
2022	$86,852	$79,093	$926,066	$7,759
2021	$90,211	$81,585	$969,150	$8,626
2020	$88,753	$71,227	$775,834	$17,526
2019	$99,887	$79,460	$748,828	$20,427
2018	$124,335	$81,988	$836,012	$42,347