150th Aero Flying Club Inc

EIN: 311770442 Recreation & Sports

Morristown, NJ

Total Revenue
$227,739
Total Expenses
$198,510
Total Assets
$358,820
Net Assets
$91,669
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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
1960
Legal Domicile
NJ
Principal Officer
Frank Eskesen
Phone
9734551129
Tax Period
2024-01-01 to 2024-12-31

150th Aero Flying Club Inc, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $228K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $199K left a modest 13% surplus.

Mission

The Organization is a member-owned flying club

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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 $0
Program Service Revenue $220,388
Investment Income $4,596
Other Revenue $2,755
TOTAL REVENUE $227,739

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $191,421
Other Expenses $198,510
TOTAL EXPENSES $198,510

Year-over-Year Comparison

2024 2023 Change
Revenue $227,739 $271,521 -0.2%
Expenses $198,510 $225,337 -0.1%
Net Income $29,229 $46,184 -0.4%
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
74
Independent Members
74
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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank Eskesen President 3.00
Officer
$0 $0 $0
Frank Generoso Vice President 2.00
Officer
$0 $0 $0
Tomasz Surowiecki Secretary 3.00
Officer
$0 $0 $0
Bryan Barhydt Treasurer 4.00
Officer
$0 $0 $0
Flavio Coste Maintenance Officer 5.00
Officer
$0 $0 $0
Karl Bearneth Assistant Maintenance Offi 3.00
Officer
$0 $0 $0
Jon Freidman Safety Officer 3.00
Officer
$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 $227,739 $198,510 $358,820 $29,229
2023 $271,521 $225,337 $316,032 $46,184
2022 $227,797 $270,333 $258,337 $-42,536
2021 $236,522 $255,907 $332,019 $-19,385
2020 $264,837 $231,531 $373,923 $33,306
2019 $198,555 $271,779 $388,540 $-73,224
2018 $190,471 $299,000 $446,178 $-108,529
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