SOUTHEASTERN MINNESOTA FLYING CLUB (EIN 410911650) - 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

Principal Officer

BYRON DENSLEY

Phone

5072510023

Tax Period

2024-01-01 to 2024-12-31

SOUTHEASTERN MINNESOTA FLYING CLUB is a small nonprofit in the Recreation & Sports sector that reported $118K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $52K, a strong 44% operating margin.

Mission

THE SOUTHEASTERN MINNESOTA FLYING CLUB IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROVIDE MEMBERS WITH AFFORDABLE ACCESS TO SAFE AND MODERN AIRCRAFT.

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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 $96,320

Investment Income $9,976

Other Revenue $11,706

TOTAL REVENUE $118,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $66,093

TOTAL EXPENSES $66,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,002	$370,365	-0.7%
Expenses	$66,093	$55,799	+0.2%
Net Income	$51,909	$314,566	-0.8%

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

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
BYRON DENSLEY	PRESIDENT	2.00	Officer	$0	$0	$0
JUSTIN HAASE	VICE PRESIDE	2.00	Officer	$0	$0	$0
GLEN RECKNOR	SECRETARY	2.00	Officer	$0	$0	$0
RODNEY REICKS	TREASURER	2.00	Officer	$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	$118,002	$66,093	$441,341	$51,909
2023	$370,365	$55,799	$401,015	$314,566

SOUTHEASTERN MINNESOTA FLYING CLUB