MONMOUTH AREA FLYING CLUB INC (EIN 222661466) - 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

1985

Legal Domicile

Principal Officer

Jon Stumpf

Tax Period

2023-01-01 to 2023-12-31

MONMOUTH AREA FLYING CLUB INC, founded in 1985, is a small nonprofit that reported $414K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 29% operating margin.

Mission

OFFER MEMBERS AIRCRAFT USAGE TO PROMOTE AVIATION, PROVIDE MEMBERS FLIGHT INSTRUCTION AT REDUCED COST, PROMOTE SAFETY IN AVIATION THROUGH INSTRUCTION, TRAINING, AND MADATORY SAFETY SEMINARS.

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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 $380,863

Investment Income $33,224

Other Revenue $0

TOTAL REVENUE $414,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $316,685

Other Expenses $295,786

TOTAL EXPENSES $295,786

Year-over-Year Comparison

	2023	2022	Change
Revenue	$414,087	$326,303	+0.3%
Expenses	$295,786	$318,357	-0.1%
Net Income	$118,301	$7,946	+13.9%

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

150

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
Tom Griffin	Trustee	5.00	Director	$0	$0	$0
Charles Burke	Trustee	5.00	Director	$0	$0	$0
Janis Blackburn	Trustee	5.00	Director	$0	$0	$0
Darren Mattos	President	5.00	Director	$0	$0	$0
John Peirera	Trustee	5.00	Director	$0	$0	$0
David Trulli	Trustee	5.00	Director	$0	$0	$0
Patrick Milando	Trustee	5.00	Director	$0	$0	$0
Jon Stumpf	Treasurer	5.00	Officer	$0	$0	$0
Nicholas Billows	Treasurer	5.00	Officer	$0	$0	$0
William Butler	Vice President	5.00	Officer	$0	$0	$0
Chris Kuelzow	Secretary	5.00	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	No data	No data	No data	No data
2023	$414,087	$295,786	$338,097	$118,301
2022	$326,303	$318,357	$312,616	$7,946
2021	$319,754	$289,631	$221,431	$30,123
2020	$274,814	$273,820	$183,168	$994
2019	$251,235	$267,036	$176,110	$-15,801
2018	$220,406	$247,966	$209,499	$-27,560

MONMOUTH AREA FLYING CLUB INC