Michiana Air Activities Inc (EIN 237403281) - 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

Mike Stutsman

Phone

5748755292

Tax Period

2025-01-01 to 2025-12-31

Michiana Air Activities Inc, founded in 1974, is a small nonprofit that reported $390K in total revenue in fiscal year 2025. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 37% operating margin.

Mission

Provide affordable wellmaintained single engine aircraft to support the development of piloting skills for all members and their families Provide a supportive social environment for general aviation

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $306,250

Investment Income $83,331

Other Revenue $0

TOTAL REVENUE $389,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,814

Other Expenses $246,794

TOTAL EXPENSES $246,794

Year-over-Year Comparison

	2025	2024	Change
Revenue	$389,581	$282,356	+0.4%
Expenses	$246,794	$277,444	-0.1%
Net Income	$142,787	$4,912	+28.1%

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

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
JEFFREY BUMGARDNER	Director	3.00	Director	$0	$0	$0
PATRICK ZILLMER	Director	3.00	Director	$0	$0	$0
MARK L STOCK	Director	3.00	Director	$0	$0	$0
MIKE STUTSMAN	President	5.00	Officer	$0	$0	$0
WALTER TALBOT	Vice President	3.00	Officer	$0	$0	$0
MARK DUSZYNSKI	Secretary	3.00	Officer	$0	$0	$0
TIMOTHY J WIETSTOCK	Treasurer	6.00	Officer	$0	$0	$0
JIM BUMGARDNER	Maintenance Officer	6.00	Officer	$0	$0	$0
BRIAN HALL	Safety Office	3.00	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
2025	$389,581	$246,794	$913,771	$142,787
2024	No data	No data	No data	No data
2023	$341,947	$217,007	$666,837	$124,940
2022	$266,431	$251,434	$640,668	$14,997
2021	$251,749	$263,548	$638,062	$-11,799
2020	$223,246	$180,749	$659,779	$42,497

Michiana Air Activities Inc