RICHMOND PILOTS ASSOCIATES INC (EIN 132579071) - 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

1968

Legal Domicile

Principal Officer

David Gramatges

Phone

6037698069

Tax Period

2023-01-01 to 2023-12-31

RICHMOND PILOTS ASSOCIATES INC, founded in 1968, is a micro nonprofit that reported $76K in total revenue in fiscal year 2023. Expenses of $88K exceeded revenue, resulting in a 16% operating deficit.

Mission

OPERATION OF A SOCIAL FLYING CLUB IN THE NEW YORK CITY AREA DEDICATED TO THE FOLLOWING: PROVIDE ENHANCED TRAINING AND EXTEND PROFICIENCY TO CURRENT PILOTS; INTRODUCTION TO AVIATION FOR NON-PILOTS; TEACH SKILLS TO PROVIDE FOR SAFETY AND REVIEW FAA REGULATIONS

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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 $0

Program Service Revenue $75,578

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,046

Other Expenses $88,046

TOTAL EXPENSES $88,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,578	$76,414	0.0%
Expenses	$88,046	$77,661	+0.1%
Net Income	$-12,468	$-1,247	+9.0%

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
JOHN WILSON	PRESIDENT	2	Director	$0	$0	$0
GREG OLMSTEAD	VICE PRESIDENT	1	Director	$0	$0	$0
DAVID GRAMATGES	TREASURER	3	Director	$0	$0	$0
LARRY FERREIRA	MAINTENANCE OFFICER	2	Director	$0	$0	$0
GREGORY FARGAS	SECRETARY	1	Director	$0	$0	$0
STANLEY FERBER	CHIEF PILOT AND SAFETY OFFICER	1	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
2023	$75,578	$88,046	$569,405	$-12,468
2022	$76,414	$77,661	$522,943	$-1,247
2022	$76,414	$77,661	$522,943	$-1,247

RICHMOND PILOTS ASSOCIATES INC