TWIN CITY CLOUD 7 INC

EIN: 410940781

EDEN PRAIRIE, MN

Total Revenue
$387,309
Total Expenses
$313,573
Total Assets
$2,312,478
Net Assets
$1,680,058
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
MN
Principal Officer
JOHN OSHAUGHNESSY 3
Phone
6122819348
Tax Period
2024-01-01 to 2024-12-31

TWIN CITY CLOUD 7 INC, founded in 1966, is a small nonprofit that reported $387K in total revenue in fiscal year 2024. The organization ran a surplus of $74K, a strong 19% operating margin.

Mission

TO STIMULATE AND ENCOURAGE AN INTEREST IN AVIATION, TO ENCOURAGE THE STUDY OF AVIATION AND AIRCRAFT, AND TO FOSTER GOOD WILL BY SHARING AIRCRAFT EXPENSES AMOUNG ITS OWNERS AND BY PROMOTING SOCIAL / RECREATIONAL AVIATION ACTIVITIES

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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 $387,309
Investment Income $0
Other Revenue $0
TOTAL REVENUE $387,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $313,573
TOTAL EXPENSES $313,573

Year-over-Year Comparison

2024 2023 Change
Revenue $387,309 $400,452 0.0%
Expenses $313,573 $507,760 -0.4%
Net Income $73,736 $-107,308 -1.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
10
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN OSHAUGHNESSY PRESIDENT 0.00
Officer
$0 $0 $0
JOSHUA SWANSON OFFICER 0.00
Officer
$0 $0 $0
ERIC OLSON OFFICER 0.00
Officer
$0 $0 $0
JOEL LEHRKE DIRECTOR 0.00
Officer
$0 $0 $0
MATTHEW BRUMBAUGH DIREECTOR 0.00
Officer
$0 $0 $0
GENE PETERSON DIRECTOR TREASURER 0.00
Officer
$0 $0 $0
TIM ARVIDSON DIRECTOR 0.00
Officer
$0 $0 $0
TRAVIS SWENSON DIRECTOR 0.00
Officer
$0 $0 $0
DOUG NISON DIRECTOR 0.00
Officer
$0 $0 $0
BRUCE MILLER DIRECTOR 0.00
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 $387,309 $313,573 $2,312,478 $73,736
2023 $400,452 $507,760 $2,242,951 $-107,308
2022 No data $342,463 $851,896 No data
2022 $373,657 $421,405 $1,623,804 $-47,748
2021 $349,996 $391,625 $933,956 $-41,629
2020 $335,513 $206,125 $969,576 $129,388
2019 $391,437 $319,187 $855,887 $72,250
2018 $347,505 $274,601 $885,463 $72,904
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