MINNESOTA SOARING CLUB

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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

1960

Legal Domicile

Principal Officer

CHRISTOPHER KIMBLE

Phone

5072632883

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA SOARING CLUB, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $209K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $46K, a strong 22% operating margin.

Mission

MSC IS A NON-PROFIT ORGANIZATION, OPEN TO THE PUBLIC, WHICH FOCUSES ON FLIGHT TRAINING EDUCATION ACTIVITIES. THE PROGRAM SERVICE AND MAJOR OBJECTIVES OF MSC ARE: (A) TO TRAIN STUDENT PILOTS, (B) TO ENABLE MEMBERS WHO HAVE ACHIEVED PILOT LICENSES TO PRACTICE THE SPORT IN A SAFE AND PROFICIENT MANNER, AND (C) TO ENABLE MEMBERS TO HAVE SUFFICIENT ONGOING EXPERIENCE TO MAINTAIN SKILLS AND CURRENCY AS REQUIRED BY THE FEDERAL AVIATION AGENCY.

Program Service Accomplishments

Program 1

TO TRAIN STUDENT PILOTS

Program 2

TO ENABLE MEMBERS WHO HAVE ACHIEVED PILOT LICENSES TO PRACTICE THE SPORT IN A SAFE AND PROFICIENT MANNER

Program 3

TO ENABLE MEMBERS TO HAVE SUFFICIENT ONGOING EXPERIENCE TO MAINTAIN SKILLS AND CURRENCY AS REQUIRED BY THE FEDERAL AVIATION AGENCY.

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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 $51,294

Program Service Revenue $49,908

Investment Income $108,000

Other Revenue $0

TOTAL REVENUE $209,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $156,869

TOTAL EXPENSES $163,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,202	$246,307	-0.2%
Expenses	$163,305	$137,050	+0.2%
Net Income	$45,897	$109,257	-0.6%

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
PAUL BOEDECKER	DIRECTOR OF	2.00	Officer	$0	$0	$0
PATRIC DALE	SECRETARY	2.00	Officer	$0	$0	$0
WILLIAM GACKI	TREASURER	10.00	Officer	$0	$0	$0
CHRISTOPHER KIMBLE	PRESIDENT	10.00	Officer	$0	$0	$0
NICHOLAS REMMES	VICE PRESIDE	2.00	Officer	$0	$0	$0
DANIEL SHALLBETTER	DIRECTOR OF	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
2023	$209,202	$163,305	$195,960	$45,897
2022	$246,307	$137,050	$254,834	$109,257