PARAMUS FLYING CLUB

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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

1956

Legal Domicile

Principal Officer

JAN SICHERMANN

Phone

9178163722

Tax Period

2025-01-01 to 2025-12-31

PARAMUS FLYING CLUB, founded in 1956, is a small nonprofit that reported $406K in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $96K, a strong 24% operating margin.

Mission

FLYING CLUB - SOCIAL CLUB

Program Service Accomplishments

Program 1

THE PRIMARY PURPOSE IS TO PROVIDE THE MEMBERS WITH THE OPPORTUNITY TO FLY IN WELL MAINTAINED, MUTUALLY-OWNED AIRCRAFT FOR RECREATION AT AN AFFORDABLE PRICE. THE ORGANIZATION ALSO PROVIDES THE MEMBERS A CHANCE TO COMMINGLE AND EXCHANGE FLYING EXPERIENCES AND KNOWLEDGE IN A PLEASURABLE WAY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $406,139

Investment Income $0

Other Revenue $0

TOTAL REVENUE $406,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $309,790

TOTAL EXPENSES $309,790

Year-over-Year Comparison

	2025	2024	Change
Revenue	$406,139	$458,401	-0.1%
Expenses	$309,790	$327,097	-0.1%
Net Income	$96,349	$131,304	-0.3%

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
ROBERTO COSTANZO	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MICHAEL MOCERI	TRUSTEE	1.00	Director	$0	$0	$0
NIMA SHAFIEE	TRUSTEE	1.00	Officer Director	$0	$0	$0
JAN SICHERMANN	PRESIDENT	1.00	Director	$0	$0	$0
ROBERT TOWNEND	TREASURER	1.00	Officer Director	$0	$0	$0
PETER VIDEV	TRUSTEE	1.00	Officer Director	$0	$0	$0
CHAZ YOON	SECRETARY	1.00	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
2025	$406,139	$309,790	$816,026	$96,349
2024	$458,401	$327,097	$749,916	$131,304
2023	$464,575	$248,426	$749,514	$216,149
2022	$301,157	$402,818	$380,471	$-101,661
2021	$272,915	$283,134	$505,786	$-10,219
2020	$246,357	$251,867	$256,302	$-5,510
2019	$219,207	$262,699	$266,467	$-43,492
2018	$215,378	$257,750	$329,693	$-42,372