Blue Sky Aviation Association Inc

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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

1992

Legal Domicile

Principal Officer

Roger Harris

Phone

6097302720

Tax Period

2023-10-01 to 2024-09-30

Blue Sky Aviation Association Inc, founded in 1992, is a small nonprofit that reported $263K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

To provide members with flight time in one of the organization's three airplanes, for a fee that is sufficient to cover the organization's annual operating costs

Program Service Accomplishments

Program 1

In accordance with the organization's mission, the organization's operating costs were covered by the members' fee charges collected during FYE 9/30/24

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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 $78,437

Program Service Revenue $184,011

Investment Income $993

Other Revenue $0

TOTAL REVENUE $263,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $280,656

TOTAL EXPENSES $280,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,441	$401,860	-0.3%
Expenses	$280,656	$267,566	+0.0%
Net Income	$-17,215	$134,294	-1.1%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Koepfinger	Secretary	3.00	Director	$0	$0	$0
Thomas Halvorson	Director	3.00	Director	$0	$0	$0
Tom Taylor	Treasurer	3.00	Director	$0	$0	$0
Jeff Lavine	Vice President	3.00	Director	$0	$0	$0
Roger Harris	President	3.00	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	$263,441	$280,656	$455,777	$-17,215
2023	$401,860	$267,566	$384,377	$134,294
2022	$225,818	$249,663	$304,161	$-23,845