SERVICE ORIENTED AVIATION READINES… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

KERRICK TWEEDY

Phone

4177776800

Tax Period

2023-01-01 to 2023-12-31

SERVICE ORIENTED AVIATION READINESS (SOAR), founded in 2011, is a small nonprofit in the Education sector that reported $872K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

SERVICE ORIENTED AVIATION READINESS (S.O.A.R.) PROVIDES LOW COST AVIATION EDUCATION AND TRAINING FOR PILOTS AND MECHANICS FOR FUTURE MISSIONS SERVICE.

Program Service Accomplishments

Program 1

Expenses: $748,325

SERVICE ORIENTED AVIATION READINESS (S.O.A.R.) PROVIDES LOW COST AVIATION EDUCATION AND TRAINING FOR PILOTS AND MECHANICS FOR FUTURE MISSIONS SERVICE.

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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 $404,999

Program Service Revenue $468,811

Investment Income $-1,378

Other Revenue $0

TOTAL REVENUE $872,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,392

Fundraising Expenses $0

Program Expenses $816,398

Other Expenses $508,288

TOTAL EXPENSES $871,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$872,432	$924,127	-0.1%
Expenses	$871,680	$856,192	+0.0%
Net Income	$752	$67,935	-1.0%

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

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
BILL CHEEK	SECRETARY	2.00	Director	$0	$0	$0
TERRY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
WES KEMP	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TOM SNEED	DIRECTOR	1.00	Director	$0	$0	$0
KERRICK TWEEDY	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
JEFF WEST	TREASURER	2.00	Officer Director	$0	$0	$0
LARRY WINDER	VICE CHAIRMA	2.00	Officer 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	No data	No data	No data	No data
2023	$872,432	$871,680	$736,977	$752
2022	$924,127	$856,192	$702,388	$67,935
2021	$846,743	$811,382	$637,111	$35,361
2020	$860,660	$831,736	$604,109	$28,924
2019	$873,169	$854,158	$572,913	$19,011
2018	$739,637	$688,343	$554,070	$51,294

SERVICE ORIENTED AVIATION READINESS (SOAR)