FLYWELL FLYING CLUB INC

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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

1963

Legal Domicile

Principal Officer

MARK BAKKO

Phone

6514886326

Tax Period

2024-07-01 to 2025-06-30

FLYWELL FLYING CLUB INC, founded in 1963, is a small nonprofit that reported $194K in total revenue in fiscal year 2024.

Mission

FLYWELL FLYING CLUB IS A NON-PROFIT CORPORATION WHOSE PURPOSE IS TO:- ENCOURAGE INTEREST AND PARTICIPATION IN GENERAL AVIATION- PROVIDE EDUCATIONAL AND COMMUNITY SERVICE OPPORTUNITIES- PROVIDE THE PLEASURES AND BENEFITS OF SAFE FLYING AT ECONOMICAL RATES TO FLYWELL FLYING CLUB MEMBERS AND THEIR FAMILIES, AND- ENGAGE IN SUCH OTHER VENTURES, ACTIVITIES OR BUSINESS FOR THE BENEFIT OF FLYWELL FLYING CLUB MEMBERS

Program Service Accomplishments

Program 1

TO PROMOTE EDUCATION IN FLYING IN CONJUCTION WITH FAA WINGS PROGRAM AND METRO AIRPORT COMMISSION IN ASSOCIATION WITH DISCOVER AVIATION DAYS

Program 2

TO PROMOTE EDUCATION IN FLYING IN CONJUNCTION WITH FAA WINGS PROGRAM AND AOPA IN ASSOCATION WITH RUSTY PILOTS TRAINING

Program 3

TO PROMOTE EDUCATION IN FLYING IN CONJUNCTION WITH FAA WINGS PROGRAM AND AOPA IN ASSOCATION WITH RUSTY PILOTS TRAINING

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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 $194,198

Investment Income $1

Other Revenue $39

TOTAL REVENUE $194,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,253

Other Expenses $198,253

TOTAL EXPENSES $198,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,238	$199,704	0.0%
Expenses	$198,253	$187,771	+0.1%
Net Income	$-4,015	$11,933	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JJ PARKER	PRESIDENT	5.00	Officer Director	$0	$0	$0
AVRAM SCHNEINER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MARK BAKKO	TREASURER	5.00	Officer Director	$0	$0	$0
KURT OLSON	DIRECTOR	2.00	Director	$0	$0	$0
MARC TELLEVIK	DIRECTOR	2.00	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
2025	$194,238	$198,253	$480,339	$-4,015
2024	No data	No data	No data	No data