43RD AVIATION FLYING CLUB INC (EIN 300412346) - 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

1962

Legal Domicile

Principal Officer

Scott McRae

Tax Period

2024-01-01 to 2024-12-31

43RD AVIATION FLYING CLUB INC, founded in 1962, is a small nonprofit in the Recreation & Sports sector that reported $276K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 16% operating margin.

Mission

The club is organized as a social and recreational flying club to promote flying for pleasure, recreation, and other social and non-profitable purposes.

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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 $69,659

Program Service Revenue $194,808

Investment Income $233

Other Revenue $11,385

TOTAL REVENUE $276,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,809

Other Expenses $231,697

TOTAL EXPENSES $231,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,085	$201,549	+0.4%
Expenses	$231,697	$158,802	+0.5%
Net Income	$44,388	$42,747	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott McRae	President	1.00	Officer	$0	$0	$0
Jacob Oliano	Treasurer	1.00	Officer	$0	$0	$0
Mark Maulucci	Vice President	1.00	Officer	$0	$0	$0
Arnold Goldman	Board Member	0.00	Director	$0	$0	$0
Derrick Daneault	Board Member	0.00	Director	$0	$0	$0
Frank Campanelli	Marketing Officer	1.00	Officer	$0	$0	$0
Joey Fazzino	Board Member	0.00	Director	$0	$0	$0
Scott Sanicki	Board Member	0.00	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
2025	No data	No data	No data	No data
2024	$276,085	$231,697	$356,292	$44,388
2023	$201,549	$158,802	$314,046	$42,747

43RD AVIATION FLYING CLUB INC