UNIVERSITY OF MICHIGAN FLYERS INC (EIN 382055116) - 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

1969

Legal Domicile

Principal Officer

JAMES POWER

Phone

7349946208

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY OF MICHIGAN FLYERS INC, founded in 1969, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 8% surplus.

Mission

WE PROMOTE A PASSION FOR AVIATION THROUGH OWNERSHIP, LEASE AND MAINTENANCE OF A SMALL FLEET OF AIRCRAFT, AND WITH THAT FLEET, WE PROVIDE PILOT TRAINING, FLIGHT INSTRUCTION AND FLYING TIME TO OUR MEMBERS.

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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 $0

Program Service Revenue $1,451,002

Investment Income $10,031

Other Revenue $-1,258

TOTAL REVENUE $1,459,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,324

Fundraising Expenses $0

Program Expenses $1,285,012

Other Expenses $1,241,923

TOTAL EXPENSES $1,340,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,459,775	$1,140,366	+0.3%
Expenses	$1,340,247	$1,046,523	+0.3%
Net Income	$119,528	$93,843	+0.3%

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

$13,886

Total Directors

$13,886

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE WILLIAMS	GENERAL MANAGER	10.00	Officer Director	$13,886	$0	$13,886
JAMES POWER	PRESIDENT	5.00	Officer Director	$0	$0	$0
JACOB SMITH	TREASURER	3.00	Officer Director	$0	$0	$0
AUSTIN CIRULLI	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
CHRIS BALLARD	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW REMINGTON	DIRECTOR	1.00	Director	$0	$0	$0
BEN WOLAK	DIRECTOR	1.00	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	$1,459,775	$1,340,247	$1,542,748	$119,528
2023	$1,140,366	$1,046,523	$1,546,075	$93,843
2022	$1,267,733	$1,045,479	$1,330,732	$222,254
2021	$1,060,610	$897,707	$1,122,667	$162,903
2020	$759,292	$715,711	$971,563	$43,581
2019	$1,022,822	$901,631	$863,803	$121,191

UNIVERSITY OF MICHIGAN FLYERS INC