NORTH SHORE AERO CLUB INC (EIN 046175219) - Form 990 Financial Analysis & Trantor Score

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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

1956

Legal Domicile

Principal Officer

TRAIQ FASHEH

Phone

7815215220

Tax Period

2023-01-01 to 2023-12-31

NORTH SHORE AERO CLUB INC, founded in 1956, is a small nonprofit in the Recreation & Sports sector that reported $261K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $316K exceeded revenue, resulting in a 21% operating deficit.

Mission

CLUB TO OWN AND MAINTAIN AIRCRAFTS FOR HOURLY USE BY MEMBERS ONLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $89,395

Program Service Revenue $171,604

Investment Income $0

Other Revenue $0

TOTAL REVENUE $260,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $316,192

TOTAL EXPENSES $316,192

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,999	$240,511	+0.1%
Expenses	$316,192	$258,936	+0.2%
Net Income	$-55,193	$-18,425	+2.0%

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
TARIQ FASHEH	PRESIDENT	5.00	Officer	$0	$0	$0
JOHN YEOMAN	TREASURER	5.00	Officer	$0	$0	$0
WILLIAM TAGERMAN	SECRETARY	5.00	Officer	$0	$0	$0
JAMES SILVA	DIRECTOR	1.00	Director	$0	$0	$0
RYAN CALLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RIEKER	DIRECTOR	1.00	Director	$0	$0	$0
DAN RENERI	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$260,999	$316,192	$390,477	$-55,193
2022	$240,511	$258,936	$399,441	$-18,425
2021	$215,761	$238,427	$430,457	$-22,666

NORTH SHORE AERO CLUB INC