CITATION JET PILOTS INC

EIN: 263802333 Community Improvement

ENTERPRISE, FL

Total Revenue
$2,026,261
Total Expenses
$2,565,057
Total Assets
$2,343,460
Net Assets
$2,339,423
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
FL
Principal Officer
JOHN SPRINGTHORPE III
Phone
4074964307
Tax Period
2023-01-01 to 2023-12-31

CITATION JET PILOTS INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

A. TO SERVE AS A FORUM FOR OWNERS AND PILOTS OF ALL SERIES OF CITATION JETS TO EXCHANGE INFORMATION, IDEAS, AND KNOWLEDGE REGARDING THE SAFE, PLEASURABLE, PROPER AND COST EFFECTIVE USE, PILOTAGE, OPERATION AND MAINTENANCE OF THE AIRCRAFT. B. TO PROMOTE SAFETY AND OTHER STANDARDS OF USE, PILOTAGE, OPERATION, AND MAINTENANCE OF THE AIRCRAFT BY THE MEMBERS. C. TO FOSTER EDUCATIONAL AND DEVELOPMENT OPPORTUNITIES FOR MEMBERS WHO ARE PILOTS OR OWNERS OF THE AIRCRAFT, ENHANCING THE NECESSARY COMPETENCIES OF THE MEMBERS WITH RESPECT TO THE USE, PILOTAGE, OPERATION, AND MAINTENANCE OF THE AIRCRAFT. D. TO SERVE AS A CLEARINGHOUSE OF INFORMATION AND RESEARCH PERTINENT TO THE USE, PILOTAGE, OPERATION, AND MAINTENANCE OF THE AIRCRAFT. E. TO PROVIDE RECREATIONAL AND SOCIAL OPPORTUNITIES AMONG THE MEMBERS IN CONNECTION WITH, AND THEREBY SUPPORTING, THE SAFE AND PLEASURABLE USE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $659,779
Program Service Revenue $1,295,276
Investment Income $28,034
Other Revenue $43,172
TOTAL REVENUE $2,026,261

Expense Breakdown

Grants Paid $0
Salaries & Benefits $426,324
Fundraising Expenses $0
Program Expenses $1,851,825
Other Expenses $2,138,733
TOTAL EXPENSES $2,565,057

Year-over-Year Comparison

2023 2022 Change
Revenue $2,026,261 $2,640,282 -0.2%
Expenses $2,565,057 $2,506,036 +0.0%
Net Income $-538,796 $134,246 -5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
2
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
3
$304,090
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRENT CORCIA CHIEF EXEC O 40.00
Officer
$304,090 $0 $304,090
TOM ABOOD DIRECTOR 2.00
Director
$0 $0 $0
JONATHAN BAILEY DIRECTOR 2.00
Director
$0 $0 $0
RANDY BROILES CHAIR EMERIT 4.00
Director
$0 $0 $0
ANDREW BROOM INDUSTRY DIR 1.00
Director
$0 $0 $0
R BLAKE CURD VICE CHAIR 2.00
Director
$0 $0 $0
MARK DULUDE DIRECTOR 2.00
Director
$0 $0 $0
JOE FISHER DIRECTOR/SEC 2.00
Director
$0 $0 $0
STUART FRED DIRECTOR 2.00
Director
$0 $0 $0
JOHN SPRINGTHORPE III TREASURER 4.00
Officer Director
$0 $0 $0
MITCHELL JANUSZEWSKI CHAIR 2.00
Officer Director
$0 $0 $0
TRACY LEOPOLD INDUSTRY DIR 2.00
Director
$0 $0 $0
JOHN OLSTA DIRECTOR 2.00
Director
$0 $0 $0
CREIGHTON SCARPONE INDUSTRY DIR 1.00
Director
$0 $0 $0
STEVE SPERLEY INDUSTRY DIR 1.00
Director
$0 $0 $0
JASON TALLEY DIRECTOR 2.00
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 No data No data No data No data
2023 $2,026,261 $2,565,057 $2,343,460 $-538,796
2022 $2,640,282 $2,506,036 $2,878,219 $134,246
2021 $1,800,489 $1,908,316 $2,743,973 $-107,827
2020 $1,476,663 $1,393,657 $2,851,800 $83,006
2019 $2,063,734 $1,913,821 $2,776,395 $149,913
2018 $2,043,962 $1,617,239 $2,618,881 $426,723
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