CASA DE AERO PARK CORPORATION

EIN: 237294919 Recreation & Sports

HAMPSHIRE, IL

Total Revenue
$132,649
Total Expenses
$60,703
Total Assets
$756,861
Net Assets
$748,124
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Principal Officer
DEBBIE PETERSON
Phone
8476659794
Tax Period
2024-01-01 to 2024-12-31

CASA DE AERO PARK CORPORATION, founded in 1970, is a small nonprofit in the Recreation & Sports sector that reported $133K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $72K, a strong 54% operating margin.

Mission

CASA DE AERO PARK CORPORATION, AN ILLINOIS NOT-FOR-PROFIT CORPORATION WAS INCORPORATED ON DECEMBER 12, 1970 TO OPERATE AND MAINTAIN A RESTRICTED AIRCRAFT LANDING AIRSTRIP FOR THE BENEFIT OF ITS MEMBERS AND TO ENCOURAGE AND STIMULATE AN INTEREST IN AVIATION. THE CORPORATION CONSISTS OF THE 45 HOMEOWNERS IN THE CASA DE AERO ESTATES SUBDIVISION. THE CORPORATION AND THE RESTRICTED LANDING STRIP OWNED BY THE CORPORATION WILL BE USED AND OPERATED FOR THE CERTIFICATE HOLDERS AND OTHER USERS AS ARE PERMITTED IN THE BY-LAWS OF THE SUBDIVISION AS REPRESENTED BY THE 45 CERTIFICATES, ONE CERTIFICATE HAVING BEEN ISSUED TO EACH LOT OWNER.

Program Service Accomplishments

Program 1
Expenses: $48,753 Revenue: $106,943

THE OBJECTIVE OF THE CORPORATION IS TO OPERATE AND MAINTAIN A RESTRICTED AIRCRAFT LANDING AIRSTRIP FOR THE BENEFIT OF ITS MEMBERS AND OTHER USERS AS PERMITTED BY THE BY-LAWS AND TO ENCOURAGE AND...

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THE OBJECTIVE OF THE CORPORATION IS TO OPERATE AND MAINTAIN A RESTRICTED AIRCRAFT LANDING AIRSTRIP FOR THE BENEFIT OF ITS MEMBERS AND OTHER USERS AS PERMITTED BY THE BY-LAWS AND TO ENCOURAGE AND STIMULATE AN INTEREST IN AVIATION. THE ACHIEVEMENT OF THIS OBJECTIVE IS INHERENTLY SUBJECTIVE. THE CORPORATION DOES NOT SEPARATELY ACCOUNT FOR IT'S EXPENSES INCURRED IN THE ABOVE ACTIVITIES. THE ORGANIZATION'S TOTAL EXPENSES RELATED TO PROGRAM SERVICE FUNCTIONS IS 48,753.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $106,943
Investment Income $20,547
Other Revenue $5,159
TOTAL REVENUE $132,649

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $48,753
Other Expenses $60,703
TOTAL EXPENSES $60,703

Year-over-Year Comparison

2024 2023 Change
Revenue $132,649 $119,000 +0.1%
Expenses $60,703 $53,131 +0.1%
Net Income $71,946 $65,869 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
22

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE PETERSON PRESIDENT N/A
Officer
$0 $0 $0
JOHN HOLUB BOARD OFFICE N/A
Officer
$0 $0 $0
CHERI WALTER SECRETARY N/A
Officer
$0 $0 $0
KELLY CRONSELL TREASURER N/A
Officer
$0 $0 $0
DAVID HALL VICE PRESIDE N/A
Officer
$0 $0 $0
DON DEBOLT BOARD OFFICE N/A
Officer
$0 $0 $0
SIGMUND CHRZANOWSKI BOARD OFFICE N/A
Officer
$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 $132,649 $60,703 $756,861 $71,946
2023 $119,000 $53,131 $692,157 $65,869
2022 $101,285 $59,039 $620,663 $42,246
2021 $99,263 $59,808 $572,704 $39,455
2020 $101,117 $51,124 $532,344 $49,993
2019 $95,528 $45,894 $480,277 $49,634
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