NJ ASSOCIATION OF SHARED AIRCRAFT PILOTS (EIN 261967865) - 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

2008

Legal Domicile

Principal Officer

JASON LAYMAN

Phone

6145320555

Tax Period

2023-01-01 to 2023-12-31

NJ ASSOCIATION OF SHARED AIRCRAFT PILOTS, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE NJ ASSOCIATION OF SHARED AIRCRAFT PILOTS IS COMMITTED TO PROVIDING INDUSTRY-LEADING REPRESENTATION TO PILOTS WHO FLY IN THE SERVICE OF NETJETS.

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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 $0

Program Service Revenue $9,865,881

Investment Income $556,597

Other Revenue $112,402

TOTAL REVENUE $10,534,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,820,642

Fundraising Expenses $0

Other Expenses $9,107,518

TOTAL EXPENSES $10,928,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,534,880	$9,625,396	+0.1%
Expenses	$10,928,160	$5,260,018	+1.1%
Net Income	$-393,280	$4,365,378	-1.1%

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

N/A

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

$562,747

Total Directors

$137,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULETTE GILBERT	VP	40.00	Officer Director	$34,088	$0	$34,088
PAUL FLYNN	SECRETARY	40.00	Officer Director	$30,188	$0	$30,188
PEDRO LEROUX	PRESIDENT	40.00	Officer Director	$26,188	$0	$26,188
DUSTIN LINEBARGER	TRUSTEE	40.00	Officer Director	$21,938	$0	$21,938
JASON LAYMAN	TREASURER	40.00	Officer Director	$25,147	$0	$25,147
ELIZABETH LYKINS	EXECUTIVE DIRECTER	40.00	Officer	$181,860	$52,281	$234,141
WAYNE C JOHNSON JR	DIRECTOR OF ACCOUNTING	40.00	Officer	$131,257	$59,800	$191,057

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	No data	No data	No data	No data
2023	$10,534,880	$10,928,160	$19,853,003	$-393,280
2022	$9,625,396	$5,260,018	$19,890,389	$4,365,378
2021	$6,253,057	$4,252,212	$15,759,486	$2,000,845
2020	$6,926,793	$4,329,955	$13,624,052	$2,596,838
2019	$8,306,967	$5,727,056	$10,873,060	$2,579,911
2018	$5,632,951	$5,642,140	$8,098,137	$-9,189

NJ ASSOCIATION OF SHARED AIRCRAFT PILOTS