CENTRAL FLORIDA AEROSPACE ACADEMY … - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

JULIE EHNLE

Phone

8636442431

Tax Period

2024-10-01 to 2025-06-30

CENTRAL FLORIDA AEROSPACE ACADEMY FOUNDATION INC, founded in 2009, is a small nonprofit in the Education sector that reported $529K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $194K, a strong 37% operating margin.

Mission

THE FOUNDATION PROVIDES HIGH SCHOOL STUDENTS FROM POLK COUNTY THE OPPORTUNITY TO RECEIVE AVIATION BASED SCHOLARSHIPS FOR PRIVATE PILOT TRAINING, AIRFRAME AND POWERPLANT TRAINING, AND COLLEGE TUITION IN AVIATION RELATED FIELDS.

Program Service Accomplishments

Program 1

Expenses: $333,379

JAMES C RAY SCHOLARSHIP FUND - FLIGHT TRAINING AND COLLEGE TUITION SCHOLARSHIPS FOR POLK COUNTY STUDENTS AGES 16 THROUGH 23.

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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 (2024)

Revenue Breakdown

Contributions & Grants $439,844

Program Service Revenue $0

Investment Income $89,065

Other Revenue $0

TOTAL REVENUE $528,909

Expense Breakdown

Grants Paid $325,244

Salaries & Benefits $0

Fundraising Expenses $363

Program Expenses $333,379

Other Expenses $9,271

TOTAL EXPENSES $334,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$528,909	$599,226	-0.1%
Expenses	$334,515	$493,849	-0.3%
Net Income	$194,394	$105,377	+0.8%

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

$449,309

Total Directors

$382,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICARDO GARCIA	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHUCK AHEARN	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC CRUMP	SECRETARY	5.00	Officer Director	$0	$0	$119,824
GENE CONRAD	PRESIDENT/CEO	5.00	Officer Director	$0	$22,849	$263,034
JULIE EHNLE	CFO	5.00	Officer	$0	$13,706	$66,451

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	$528,909	$334,515	$2,447,339	$194,394
2024	$599,226	$493,849	$2,302,514	$105,377
2023	$624,930	$464,043	$1,838,096	$160,887
2022	$495,154	$474,614	$1,553,422	$20,540
2021	$490,923	$440,099	$1,652,026	$50,824
2020	$571,012	$325,075	$1,470,475	$245,937
2018	$423,381	$338,355	$1,065,768	$85,026

CENTRAL FLORIDA AEROSPACE ACADEMY FOUNDATION INC