SOUTHERN CALIFORNIA SOARING ACADEMYINC (EIN 264006234) - 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

Phone

3108004760

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN CALIFORNIA SOARING ACADEMYINC, founded in 2008, is a small nonprofit in the Education sector that reported $429K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $560K exceeded revenue, resulting in a 31% operating deficit.

Mission

SOARING ACADEMY'S TWO GOALS ARE TO PROVIDE OUR COUNTRY'S WOUNDED SERVICE MEMBERS AN EMPOWERING SOARING FLIGHT THAT UNLOCKS POTENTIAL AND RESRORES SELF CONFIDENCE AND TO DEVELOP AND PROVIDE STEM EDUCATION AND FLIGHT OPPORTUNITIES TO TEACHERS AND STUDENTS.

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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 $44,534

Program Service Revenue $305,878

Investment Income $7,039

Other Revenue $71,345

TOTAL REVENUE $428,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,636

Fundraising Expenses $0

Program Expenses $532,349

Other Expenses $342,109

TOTAL EXPENSES $559,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,796	$483,960	-0.1%
Expenses	$559,745	$616,582	-0.1%
Net Income	$-130,949	$-132,622	0.0%

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

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

$105,000

Total Directors

$105,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BENNETT	President	50.00	Officer Director	$60,000	$0	$60,000
JULIE C BENNETT	Treasurer	48.00	Officer Director	$45,000	$0	$45,000
ROBERT J EVANS	Director	2.00	Director	$0	$0	$0
STEPHEN DE LA CRUZ	Director	8.00	Director	$0	$0	$0
ROBBERT A VAN VALER	Director	1.00	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	$428,796	$559,745	$1,224,536	$-130,949
2022	$483,960	$616,582	$1,241,584	$-132,622
2021	$528,052	$544,579	$1,451,988	$-16,527
2020	$957,509	$492,073	$1,268,375	$465,436
2019	$495,748	$635,601	$830,478	$-139,853
2018	$512,365	$691,144	$921,546	$-178,779

SOUTHERN CALIFORNIA SOARING ACADEMYINC