UNITED STATES HANG GLIDING AND PARAGLIDING ASSOCIATION INC (EIN 237171363) - 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

1974

Legal Domicile

Principal Officer

PAMELA KINNAIRD

Phone

7196328300

Tax Period

2023-01-01 to 2023-12-31

UNITED STATES HANG GLIDING AND PARAGLIDING ASSOCIATION INC, founded in 1974, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 5% surplus.

Mission

USHPA IS THE NATIONAL ORGANIZATION RESPONSIBLE FOR THE DEVELOPMENT, PROMOTION AND ADMINSTRATION OF THE HANG GLIDING AND PARAGLIDING ACTIVITIES IN THE UNITED STATES.

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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 $18,524

Program Service Revenue $1,683,175

Investment Income $32,851

Other Revenue $21,249

TOTAL REVENUE $1,755,799

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $447,305

Fundraising Expenses $0

Program Expenses $1,360,092

Other Expenses $1,214,418

TOTAL EXPENSES $1,666,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,755,799	$1,624,794	+0.1%
Expenses	$1,666,723	$1,486,875	+0.1%
Net Income	$89,076	$137,919	-0.4%

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

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

$152,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL HUGHES	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHARLES ALLEN	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
PAMELA KINNAIRD	TREASURER	10.00	Officer Director	$0	$0	$0
JULIA KNOWLES	SECRETARY	10.00	Officer Director	$0	$0	$0
STEVEN PEARSON	DIRECTOR	5.00	Director	$0	$0	$0
NELISSA MILFIELD	DIRECTOR	5.00	Director	$0	$0	$0
TIKI MASHY	DIRECTOR	5.00	Director	$0	$0	$0
NICK GREECE	DIRECTOR	5.00	Director	$0	$0	$0
STEPHEN MENTLER	DIRECTOR	5.00	Director	$0	$0	$0
RIC CAYLOR	DIRECTOR	5.00	Director	$0	$0	$0
JON KAYYEM	DIRECTOR	5.00	Director	$0	$0	$0
MARTIN PALMAZ	EXECUTIVE DIRECTOR	40.00	Officer	$135,415	$16,995	$152,410

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	$1,755,799	$1,666,723	$2,879,991	$89,076
2022	$1,624,794	$1,486,875	$2,848,386	$137,919
2021	$1,901,590	$1,620,942	$2,767,707	$280,648
2020	$1,610,258	$1,508,369	$2,477,056	$101,889
2019	$1,607,854	$1,523,145	$2,326,831	$84,709
2018	$1,590,548	$1,636,993	$2,248,584	$-46,445

UNITED STATES HANG GLIDING AND PARAGLIDING ASSOCIATION INC