CONNECTICUT PARACHUTISTS INC (EIN 061330726) - 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

1962

Legal Domicile

Principal Officer

AARON FARLEY

Phone

8608710021

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT PARACHUTISTS INC, founded in 1962, is a small nonprofit that reported $611K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

ENCOURAGE UNITY AMONG ALL PERSONS INTERESTED IN SKYDIVING. PROMOTE SAFETY IN ALL SKYDIVING ACTIVITIES IN THE CONNECTICUT SANCTION SKYDIVING COMPETITIONS. DOCUMENT STATE, NATIONAL, AND WORLD SKYDIVING RECORDS SET BY THE U.S.

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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 $850

Program Service Revenue $568,950

Investment Income $13

Other Revenue $40,692

TOTAL REVENUE $610,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,692

Fundraising Expenses $0

Program Expenses $563,209

Other Expenses $396,627

TOTAL EXPENSES $600,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$610,505	$487,952	+0.3%
Expenses	$600,319	$538,595	+0.1%
Net Income	$10,186	$-50,643	-1.2%

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

N/A

Employees

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
CHRIS FAY	DIRECTOR	0.00	Director	$0	$0	$0
BRETT MICKELSON	PRESIDENT	0.00	Director	$0	$0	$0
SURRYIA CHAUDRY	SECRETARY	0.00	Director	$0	$0	$0
ZACH PARKS	DIRECTOR	0.00	Director	$0	$0	$0
PHILIPPE GASTINEAU	DIRECTOR	0.00	Director	$0	$0	$0
AARON FARLEY	TREASURER	5.00	Director	$0	$0	$0
OSTAP MISHTAL	VICE PRESIDENT	0.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$610,505	$600,319	$1,267,666	$10,186
2022	$487,952	$538,595	$1,285,950	$-50,643
2021	$575,255	$518,078	$1,387,599	$57,177
2020	$540,070	$496,741	$1,378,936	$43,329
2019	$634,501	$565,100	$1,260,484	$69,401
2018	$570,880	$554,082	$1,226,556	$16,798

CONNECTICUT PARACHUTISTS INC