Fort Smith Flying Club Inc

EIN: 200143554 Recreation & Sports

Fort Smith, AR

Total Revenue
$269,861
Total Expenses
$220,663
Total Assets
$91,430
Net Assets
$91,430
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
AR
Principal Officer
M Scott James
Phone
4794142168
Tax Period
2024-01-01 to 2024-12-31

Fort Smith Flying Club Inc, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $204K in total revenue in fiscal year 2023.

Mission

Created to promote flying and flight training in the Arkansas River Valley Region.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $269,558
Program Service Revenue $0
Investment Income $303
Other Revenue $0
TOTAL REVENUE $269,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $220,043
Other Expenses $220,663
TOTAL EXPENSES $220,663

Year-over-Year Comparison

2024 2023 Change
Revenue $269,861 N/A N/A
Expenses $220,663 N/A N/A
Net Income $49,198 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
30

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M Scott James Director and President 2.00
Officer Director
$0 $0 $0
Walter Glosenger Director and Vice President 2.00
Officer Director
$0 $0 $0
David G Sharum Director and Treasurer 2.00
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
2024 $269,861 $220,663 $91,430 $49,198
2023 $203,731 $197,656 $42,232 $6,075
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