PIPER M-CLASS OWNERS AND PILOTS ASSOCIATION INC (EIN 223352499) - 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

1998

Legal Domicile

Phone

2029084344

Tax Period

2023-01-01 to 2023-12-31

PIPER M-CLASS OWNERS AND PILOTS ASSOCIATION INC, founded in 1998, is a small nonprofit that reported $777K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $912K exceeded revenue, resulting in a 17% operating deficit.

Mission

DISSEMINATION OF SAFETY & TECHNICAL INFORMATION

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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 $766,796

Investment Income $10,444

Other Revenue $127

TOTAL REVENUE $777,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $705,741

Other Expenses $912,160

TOTAL EXPENSES $912,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$777,367	$887,237	-0.1%
Expenses	$912,160	$976,314	-0.1%
Net Income	$-134,793	$-89,077	+0.5%

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

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael D Nichols	CEO	40.00	Officer	$120,000	$0	$120,000
S John Granmayeh	President	1.00	Officer Director	$0	$0	$0
John Walters	Vice President	1.00	Officer Director	$0	$0	$0
Victor Rivas	Sec-Treasurer	1.00	Officer Director	$0	$0	$0
Ryan Oltman	Past President	1.00	Officer Director	$0	$0	$0
Tom Arnold	Director	1.00	Director	$0	$0	$0
Manny Casiano	Director	1.00	Director	$0	$0	$0
Kim Coryat	Director	1.00	Director	$0	$0	$0
Steve Nunn	Director	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
2024	No data	No data	No data	No data
2023	$777,367	$912,160	$626,468	$-134,793
2022	$887,237	$976,314	$650,871	$-89,077
2021	$770,905	$874,927	$740,639	$-104,022
2020	$594,721	$374,277	$843,439	$220,444
2019	$632,568	$596,338	$622,749	$36,230
2018	$571,078	$507,479	$586,038	$63,599

PIPER M-CLASS OWNERS AND PILOTS ASSOCIATION INC