BLUE HORIZONS FLYING CLUB INC (EIN 341939317) - 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

2000

Legal Domicile

Principal Officer

KEITH HERSHEY

Phone

4197402274

Tax Period

2024-07-01 to 2025-06-30

BLUE HORIZONS FLYING CLUB INC, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $189K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $216K exceeded revenue, resulting in a 14% operating deficit.

Mission

SOCIAL INTERACTION AMONG PILOTS BY OFFERING AIRCRAFT FOR RECREATION AND TRAINING

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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 $87,020

Program Service Revenue $100,809

Investment Income $886

Other Revenue $0

TOTAL REVENUE $188,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $215,842

TOTAL EXPENSES $215,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,715	$174,197	+0.1%
Expenses	$215,842	$201,605	+0.1%
Net Income	$-27,127	$-27,408	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
BILL CALDWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL DIGBY	SAFETY OFFIC	1.00	Officer Director	$0	$0	$0
KEITH HERSHEY	TREASURER	5.00	Officer Director	$0	$0	$0
ELAINE HOGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM HOGAN	MAINTENANCE	10.00	Officer Director	$0	$0	$0
DAVID LUDLOW	VICE PRESIDE	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
2025	$188,715	$215,842	$234,313	$-27,127
2024	$174,197	$201,605	$262,669	$-27,408
2023	$179,035	$119,804	$222,048	$59,231
2022	$114,010	$121,208	$185,504	$-7,198
2021	$208,669	$94,084	$186,319	$114,585

BLUE HORIZONS FLYING CLUB INC