LAKELAND AERO CLUB INC (EIN 320463941) - 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

2015

Legal Domicile

Principal Officer

JULIE EHNLE

Phone

8636442431

Tax Period

2024-10-01 to 2025-06-30

LAKELAND AERO CLUB INC, founded in 2015, is a small nonprofit in the Youth Development sector that reported $385K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 31% operating margin.

Mission

TO INSPIRE HIGH SCHOOL STUDENTS TO PURSUE A FUTURE IN AVIATION.

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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 $250,904

Program Service Revenue $2,793

Investment Income $131,663

Other Revenue $0

TOTAL REVENUE $385,360

Expense Breakdown

Grants Paid $7,571

Salaries & Benefits $61,813

Fundraising Expenses $9,997

Program Expenses $225,986

Other Expenses $196,035

TOTAL EXPENSES $265,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,360	$312,837	+0.2%
Expenses	$265,419	$323,737	-0.2%
Net Income	$119,941	$-10,900	-12.0%

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

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
ADAM LAKE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHUCK BROWN	PRESIDENT	8.00	Officer Director	$0	$0	$0
DAVID LEITING JR	SECRETARY	2.00	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	$385,360	$265,419	$537,595	$119,941
2024	$312,837	$323,737	$407,592	$-10,900
2023	$299,184	$303,285	$423,224	$-4,101
2022	$350,777	$309,436	$425,817	$41,341
2021	$291,827	$295,788	$382,915	$-3,961
2020	$231,871	$293,158	$327,030	$-61,287
2018	$282,137	$352,745	$305,854	$-70,608

LAKELAND AERO CLUB INC