UNIVERSITY OF MICHIGAN FLYERS INC

EIN: 382055116

ANN ARBOR, MI

Total Revenue
$1,459,775
Total Expenses
$1,340,247
Total Assets
$1,542,748
Net Assets
$1,312,647
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MI
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.

Program Service Accomplishments

Program 1
Expenses: $1,285,012 Revenue: $1,451,002

IN 2024, THE MICHIGAN FLYERS OPERATED TEN CESSNA AIRCRAFT FOR A COMBINED TOTAL OF ABOUT 10,000 HOURS OF FLIGHT TIME. THE CLUB IS SEVERAL HUNDRED MEMBERS STRONG, GENERALLY WITH AT LEAST 200 UNIQUE...

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IN 2024, THE MICHIGAN FLYERS OPERATED TEN CESSNA AIRCRAFT FOR A COMBINED TOTAL OF ABOUT 10,000 HOURS OF FLIGHT TIME. THE CLUB IS SEVERAL HUNDRED MEMBERS STRONG, GENERALLY WITH AT LEAST 200 UNIQUE MEMBERS FLYING EACH MONTH. A HANDFUL OF OUR MEMBERS ARE ALSO CERTIFICATED FLIGHT INSTRUCTORS (CFIS), WHO HELP OUR MEMBERSHIP ACHIEVE NEW LICENSES AND RATINGS, FROMBASIC PRIVATE PILOT THROUGH MORE ADVANCED RATINGS LIKE INSTRUMENT, COMMERCIAL, AND CFI. OUR CLUB FLIGHT INSTRUCTORS ARE MEMBERS JUST LIKE ALL OTHERS WHO ALSO HAPPEN TO ACT AS INDEPENDENT CONTRACTORS. THE CLUB MAINTAINED AN EXCELLENT SAFETY RECORD, WITH ZERO INCIDENTS IN 2024. DESPITE EVER-INCREASING COSTS, THE CLUB CONTINUED TO EMPHASIZE ITS ETHOS OF SAFETY FIRST, AFFORDABILITY SECOND, AND MADE AVIATION ACCESSIBLE TO THOSE WHO MAY NOT OTHERWISE HAVE SUFFICIENT MEANS. AN EXTENSIVE CORPS OF VOLUNTEERS HELPS THE CLUB MAINTAIN THIS AFFORDABILITY. VOLUNTEER ACTIVITIES INCLUDED PROVISIONING HANGARS,CLEANING THE OFFICE, AND RESUPPLYING AIRCRAFT. WE ALSO MET FOR MANY SOCIAL EVENTS, INCLUDING COOKOUTS, MEMBER MEETINGSWITH TOPICAL PRESENTATIONS BY INTERNAL AND EXTERNAL SPEAKERS ON SUBJECTS LIKE METEOROLOGY AND AVIATION SAFETY, AND CLUB FLY-OUTS TO DESTINATIONS NEAR AND FAR: NIAGARA FALLS, CHICAGO, MACKINAC ISLAND, TORONTO, AND THE YEARLY PILGRIMAGE TO EAA AIRVENTURE IN OSHKOSH, WI. AIRCRAFT WERE MAINTAINED BOTH INTERNALLY BY PART-TIME STAFF, AS WELL AS SEVERAL LOCAL MAINTENANCE OPERATORS.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
3
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
5
$13,886
Total Directors
7
$13,886
Key Employees
0
$0
Highest Compensated
0
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
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