LEXINGTON FLYING CLUB INC (EIN 237333875) - 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

1953

Legal Domicile

Principal Officer

MICHAEL PROCTOR

Phone

8592669142

Tax Period

2024-01-01 to 2024-12-31

LEXINGTON FLYING CLUB INC, founded in 1953, is a small nonprofit in the Recreation & Sports sector that reported $414K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $104K, a strong 25% operating margin.

Mission

NONPROFIT SOCIAL CLUB - LEXINGTON FLYING CLUB MEMBERS SHARE EXPENSES TO OWN AND FLY AIRCRAFT. THE ORGANIZATION OF PROVIDERS MEMBERS WITH LOW-COST FLYING AND PROMOTES MEMBER AIRCRAFT SAFETY.

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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 $112,578

Program Service Revenue $294,171

Investment Income $6,835

Other Revenue $0

TOTAL REVENUE $413,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,362

Other Expenses $63,313

TOTAL EXPENSES $309,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,584	$436,729	-0.1%
Expenses	$309,675	$355,328	-0.1%
Net Income	$103,909	$81,401	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN JASON ROTHROCK	MAINTENANCE	N/A	Director	$0	$0	$0
PHILIP HEINK	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL PROCTOR	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHARLES SIMMS	VP ADMINISTR	N/A	Officer Director	$0	$0	$0
JOHN OLSEN	MAINTENANCE	N/A	Director	$0	$0	$0
STEVEN WALTER	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHAEL SMITH	MAINTENANCE	N/A	Director	$0	$0	$0
WESLEE FARLEY	MAINTENANCE	N/A	Director	$0	$0	$0
CHRIS CAMPBELL	DIRECTOR	N/A	Director	$0	$0	$0
CHASE CARDIN	MAINTENANCE	N/A	Director	$0	$0	$0
WILLIAM MARK HOLCOMB	TREASURER	N/A	Officer 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	$413,584	$309,675	$751,829	$103,909
2023	$436,729	$355,328	$610,689	$81,401
2022	$306,026	$265,444	$549,266	$40,582
2021	$308,820	$286,421	$583,662	$22,399
2020	$229,417	$238,311	$535,413	$-8,894

LEXINGTON FLYING CLUB INC