AMERICAN BONANZA SOCIETY AIR SAFET… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

THOMAS TURNER

Phone

3169451702

Tax Period

2024-01-01 to 2024-12-31

AMERICAN BONANZA SOCIETY AIR SAFETY FOUNDATION INC, founded in 1967, is a small nonprofit in the Public Safety sector that reported $537K in total revenue in fiscal year 2024. Net assets of $3.9M represent 88 months of operating reserves.

Mission

THE ORGANIZATION PROMOTES AVIATION SAFETY AND FLYING ENJOYMENT THROUGH EDUCATION AND INFORMATION SHARING AMONG OWNERS AND OPERATORS OF BONANZAS, BARONS, DEBONAIRS, AND TRAVEL AIRS THROUGHOUT THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $271,589 Revenue: $93,976

SERVICE CLINICS: INSTRUCTION ON PROPER TECHNIQUES FOR MAINTENANCE OF AIRCRAFT; EDUCATION PROGRAMS ON AIRCRAFT SAFETY AND EQUIPMENT

Program 2

Expenses: $193,590 Revenue: $60,329

PILOT PROFICIENCY TRAINING: TO INSTRUCT PILOTS ON AIRCRAFT SAFETY AND TO RECERTIFY PILOTS AND FLIGHT INSTRUCTORS

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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 (2024)

Revenue Breakdown

Contributions & Grants $238,737

Program Service Revenue $154,305

Investment Income $140,494

Other Revenue $3,092

TOTAL REVENUE $536,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $465,179

Other Expenses $532,159

TOTAL EXPENSES $532,159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$536,628	$536,378	+0.0%
Expenses	$532,159	$609,171	-0.1%
Net Income	$4,469	$-72,793	-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

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

$185,584

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CK LEE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN DELGADO	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD SCHMIDT	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN HAMMERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL MADIGAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL CANNON	AT-LARGE EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JOHN WILLIAMS JR	DIRECTOR	1.00	Director	$0	$0	$0
CHESTER JURSKIS	DIRECTOR	1.00	Director	$0	$0	$0
BILL VAN LENT	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS TURNER	EXECUTIVE DIRECTOR	35.00	Officer	$0	$26,982	$185,584

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	$536,628	$532,159	$4,027,301	$4,469
2023	$536,378	$609,171	$3,888,095	$-72,793
2022	$488,414	$585,646	$3,897,267	$-97,232
2021	$772,187	$560,881	$4,521,216	$211,306
2020	$452,417	$401,210	$4,144,979	$51,207
2019	$506,890	$447,594	$3,941,225	$59,296
2018	$506,862	$405,228	$3,605,145	$101,634

AMERICAN BONANZA SOCIETY AIR SAFETY FOUNDATION INC