CONDOR AERO CLUB INC (EIN 251159166) - 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

1957

Legal Domicile

Principal Officer

GEORGE MILADINOVICH

Phone

7244529963

Tax Period

2023-10-01 to 2024-09-30

CONDOR AERO CLUB INC, founded in 1957, is a small nonprofit that reported $538K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $489K left a modest 9% surplus.

Mission

PROMOTE THE SKILL OF FLYING AND OPERATING OF AIRCRAFT FOR BUSINESS AND PLEASURE AMONG MEMEBERS; OWN AND OPERATE AIRCRAFT AND OTHER RELATED PROPERTY; PROMOTE INTEREST IN AIRCRAFT, FLYING, AND NECESSARY FACILITIES; SUSTAIN ACTIVITIES OF THE ORGANIZATION; AND MEET TO DISCUSS AND ACT ON CORPORATION BUSINESS.

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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 $73,706

Program Service Revenue $460,742

Investment Income $3,108

Other Revenue $0

TOTAL REVENUE $537,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,960

Fundraising Expenses $0

Program Expenses $489,238

Other Expenses $474,278

TOTAL EXPENSES $489,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$537,556	$599,909	-0.1%
Expenses	$489,238	$569,703	-0.1%
Net Income	$48,318	$30,206	+0.6%

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

$12,960

Total Directors

$12,960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH MCPHERSON	PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$0	$0
DOROTHY MEEDER	SECRETARY & DIRECTOR	8.00	Officer Director	$3,600	$0	$3,600
KIP SOBEL	SAFETY/COMMISSIONS	3.00	Director	$0	$0	$0
CHIP VIGNOLINI	DIRECTOR OF MAINTENANCE	3.00	Officer Director	$5,400	$0	$5,400
CARRIE MATVEY	ADMINSSIONS	3.00	Director	$0	$0	$0
GEORGE MILADINOVICH	TREASURER	8.00	Officer Director	$3,960	$0	$3,960
CINDY SMITH	PROGRAM DIRECTOR	4.00	Director	$0	$0	$0
CHRIS VERMILYA	CHIEF FLIGHT INSTRUCTOR	3.00	Director	$0	$0	$0
ALAN CONNOR	VICE PRESIDENT	3.00	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
2025	No data	No data	No data	No data
2024	$537,556	$489,238	$947,488	$48,318
2023	$599,909	$569,703	$874,794	$30,206
2022	$614,450	$524,495	$847,807	$89,955
2021	$470,009	$400,792	$769,448	$69,217
2020	$388,600	$336,195	$696,601	$52,405
2019	$353,228	$332,128	$778,132	$21,100
2018	$373,645	$323,702	$835,928	$49,943

CONDOR AERO CLUB INC