Able Flight Inc

EIN: 205001037 501(c)(3) Education

Chapel Hill, NC

Total Revenue
$322,483
Total Expenses
$428,464
Total Assets
$139,866
Net Assets
$139,866
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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
2006
Legal Domicile
NC
Principal Officer
Charles H Stites
Phone
9199424699
Tax Period
2025-01-01 to 2025-12-31

Able Flight Inc, founded in 2006, is a small nonprofit in the Education sector that reported $322K in total revenue in fiscal year 2025. Expenses of $428K exceeded revenue, resulting in a 33% operating deficit.

Mission

Able Flights mission is to offer people with disabilities a unique way to challenge themselves through flight training or aviation career training and by doing so to gain greater self-confidence and self-reliance.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $322,483
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $322,483

Expense Breakdown

Grants Paid $275,195
Salaries & Benefits $92,000
Fundraising Expenses $11,272
Program Expenses $428,464
Other Expenses $61,269
TOTAL EXPENSES $428,464

Year-over-Year Comparison

2025 2024 Change
Revenue $322,483 $330,657 0.0%
Expenses $428,464 $453,351 -0.1%
Net Income $-105,981 $-122,694 -0.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
1
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
1
$92,000
Total Directors
4
$92,000
Key Employees
1
$92,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Stites Executive Director 55.00
Officer Director Key Emp
$92,000 $0 $92,000
Julia Spicer Board member 1.00
Director
$0 $0 $0
Ryan Kelly Board member 1.00
Director
$0 $0 $0
Bernie Wulle Board member 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
2025 $322,483 $428,464 $139,866 $-105,981
2024 $330,657 $453,351 $245,847 $-122,694
2023 $172,821 $293,143 $368,541 $-120,322
2022 $240,715 $172,020 $488,863 $68,695
2021 $226,635 $152,380 $420,168 $74,255
2018 $205,774 $187,783 $298,198 $17,991
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