SOUTH SHORE FLYING CLUB 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

1966

Legal Domicile

Principal Officer

Daniel Porrazzo

Phone

6175492270

Tax Period

2022-01-01 to 2022-12-31

SOUTH SHORE FLYING CLUB INC, founded in 1966, is a small nonprofit that reported $101K in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $115K exceeded revenue, resulting in a 15% operating deficit.

Mission

Encourage interest in aviation, bring more people the benefits and enjoyment of flying at economical rates through social, educational and recreational activities of flying. Members participate in fly-ins, flight training, flight education and social flights.

Program Service Accomplishments

Program 1

Members flew the Club's planes for social and recreational flying. Members also flew with instructors to maintain proficiency and FAA required Bi-Annual Reviews. One member obtained Gold Seal CFI...

Members flew the Club's planes for social and recreational flying. Members also flew with instructors to maintain proficiency and FAA required Bi-Annual Reviews. One member obtained Gold Seal CFI, CFII & MEI, FAASTeam WINGSPro certifications. One members obtained their instrument rating.

Program 2

One member took aerial flights for photography, documenting Massachusetts coastal erosion. Also for local photography such as properties and historical features to promote interest in General...

One member took aerial flights for photography, documenting Massachusetts coastal erosion. Also for local photography such as properties and historical features to promote interest in General Aviation. Prepared training videos for use of Club aircraft and enhance safety.

Program 3

Members took twelve members of the public for introductory flights both local and around New England for a total of twenty seven hours of flying.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $33

Other Revenue $100,519

TOTAL REVENUE $100,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $115,150

TOTAL EXPENSES $115,150

Year-over-Year Comparison

	2022	2021	Change
Revenue	$100,552	$87,831	+0.1%
Expenses	$115,150	$60,483	+0.9%
Net Income	$-14,598	$27,348	-1.5%

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

Independent Members

Employees

N/A

Volunteers

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
Daniel Porrazzo	President and Director	0.25	Officer Director	$0	$0	$0
Steven Rusconi	Treasurer and Director	1.1	Officer Director	$0	$0	$0
Karl Swenson	Director	0.25	Officer Director	$0	$0	$0
Mark Wilcox	Director	0.25	Officer 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
2022	$100,552	$115,150	$378,114	$-14,598
2019	$93,495	$72,169	$304,990	$21,326
2018	$86,387	$69,163	$293,419	$17,224