QUAD CITY AREA FLYING EAGLES INC

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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

2011

Legal Domicile

Principal Officer

Jim Goetsch

Phone

5632651150

Tax Period

2024-01-01 to 2024-12-31

QUAD CITY AREA FLYING EAGLES INC, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $249K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 52% operating margin.

Mission

The mission of the Quad City Area Flying Eagles Inc. is to promote general aviation by providing its members with safe, affordable access to aircraft for personal and recreational flying. The club fosters aviation education, encourages pilot proficiency, and builds camaraderie among aviation enthusiasts through shared aircraft ownership, flight training support, and community outreach.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

N/A

Program 2

N/A

Program 3

N/A

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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 $42,675

Program Service Revenue $105,722

Investment Income $100,824

Other Revenue $0

TOTAL REVENUE $249,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $120,621

TOTAL EXPENSES $120,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,221	$175,003	+0.4%
Expenses	$120,621	$165,785	-0.3%
Net Income	$128,600	$9,218	+13.0%

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

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
Jim Goetsch	President / Director	10.00	Officer Director	$0	$0	$0
Ron Morton	Director	1.00	Director	$0	$0	$0
Brad Ward	Treasurer	10.00	Officer Director	$0	$0	$0
David Ratliff	Director	1.00	Director	$0	$0	$0
Brad Zust	Director	1.00	Director	$0	$0	$0
Ron Anderson	Secretary / Director	1.00	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
2024	$249,221	$120,621	$310,844	$128,600