COMPASS AVIATION INC

EIN: 272950866 501(c)(3) Human Services

SHELBY, NC

Total Revenue
$694,145
Total Expenses
$403,323
Total Assets
$364,730
Net Assets
$364,730
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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
2010
Legal Domicile
NC
Principal Officer
JOHN WATT
Phone
7046925529
Tax Period
2024-01-01 to 2024-12-31

COMPASS AVIATION INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $694K in total revenue in fiscal year 2024. Revenue surged 197% from the prior year, signaling strong growth momentum. The organization ran a surplus of $291K, a strong 42% operating margin.

Mission

PREPARE PEOPLE AND AIRCRAFT FOR MISSIONARY AND HUMANITARIAN AID EFFORTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $469,145
Program Service Revenue $225,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $694,145

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $200
Program Expenses $399,495
Other Expenses $403,323
TOTAL EXPENSES $403,323

Year-over-Year Comparison

2024 2023 Change
Revenue $694,145 $234,098 +2.0%
Expenses $403,323 $221,279 +0.8%
Net Income $290,822 $12,819 +21.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
3
Volunteers
10

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WATT PRESIDENT 30.00
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 $694,145 $403,323 $364,730 $290,822
2023 $234,098 $221,279 $73,908 $12,819
2022 $510,109 $470,923 $61,089 $39,186
2021 $309,025 $310,294 $21,903 $-1,269
2020 $239,461 $242,988 $23,172 $-3,527
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