WEST MICHIGAN FLIGHT ACADEMY (EIN 364618249) - 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

2007

Legal Domicile

Principal Officer

PATRICK JOHNSON

Phone

6166333179

Tax Period

2023-01-01 to 2023-12-31

WEST MICHIGAN FLIGHT ACADEMY, founded in 2007, is a small nonprofit in the Youth Development sector that reported $193K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF WEST MICHIGAN FLIGHT ACADEMY IS TO GIVE ECONOMICALLY DISADVANTAGED URBAN YOUTH THE OPPORTUNITY TO PURSUE A HIGHLY ADVANCED TECHNICAL CAREER RELATED TO AVIATION AND THE AEROSPACE INDUSTRIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,537

Program Service Revenue $183,513

Investment Income $2

Other Revenue $0

TOTAL REVENUE $193,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $178,328

Other Expenses $191,560

TOTAL EXPENSES $191,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,052	$255,396	-0.2%
Expenses	$191,560	$240,988	-0.2%
Net Income	$1,492	$14,408	-0.9%

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
PATRICK JOHNSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
OTTO HOOKS	VICE PRES	N/A	Officer Director	$0	$0	$0
DALE ANN IVERSON	SECRETARY	N/A	Officer Director	$0	$0	$0
KATHY BURCH	TREASURER	N/A	Officer Director	$0	$0	$0
ANDREW SAMRICK	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$193,052	$191,560	$16,112	$1,492
2022	$255,396	$240,988	$28,467	$14,408
2021	$209,925	$202,267	$13,259	$7,658

WEST MICHIGAN FLIGHT ACADEMY