Wing Nuts EAA Chapter 1405 Inc (EIN 203359314) - 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

2007

Legal Domicile

Principal Officer

T Brooks Hurst

Phone

8162446927

Tax Period

2024-01-01 to 2024-12-31

Wing Nuts EAA Chapter 1405 Inc, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $24K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 68% operating deficit.

Mission

Encourage aviation enthousiasts to become involved in flying and building airplanes by educating the public through aviation exhibitions

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,193

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $24,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,335

Other Expenses $40,535

TOTAL EXPENSES $40,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,193	$33,569	-0.3%
Expenses	$40,535	$107,990	-0.6%
Net Income	$-16,342	$-74,421	-0.8%

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
T Brooks Hurst	Treasurer	4.00	Officer	$0	$0	$0
Ryan Harms	President	4.00	Officer	$0	$0	$0
Larry Ohrt	Vice President	4.00	Officer	$0	$0	$0
Jayson Prather	Secretary	4.00	Officer	$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	$24,193	$40,535	No data	$-16,342
2023	$33,569	$107,990	No data	$-74,421
2022	$67,045	$36,160	No data	$30,885

Wing Nuts EAA Chapter 1405 Inc