ABOVE THE CLOUDS INC (EIN 461611467) - 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

Formation Year

2012

Legal Domicile

Principal Officer

HEW CROOKS

Phone

6174485111

Tax Period

2023-01-01 to 2023-12-31

ABOVE THE CLOUDS INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $196K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $63K, a strong 32% operating margin.

Mission

ABOVE THE CLOUDS, INCS MISSION IS TO BRING JOY AND HOPE TO SERIOUSLY ILL, DISABLED, AND DISADVANTAGED CHILDREN AND TEENS THROUGH THE WONDER OF SMALL AIRCRAFT FLIGHT. THE ORGANIZATION ACCOMPLISHES ITS MISSION THROUGH ITS PRINCIPAL PROGRAMS: DREAM FLYERS, DISCOVERY FLYERS AND CADET FLYERS OUR VOLUNTEER PILOTS AND VOLUNTEERS OPERATE OUT OF NORWOOD AIRPORT, NORWOOD,MA

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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 $195,156

Program Service Revenue $1,150

Investment Income $0

Other Revenue $0

TOTAL REVENUE $196,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,317

Fundraising Expenses $2,507

Program Expenses $40,075

Other Expenses $124,676

TOTAL EXPENSES $132,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,306	$214,912	-0.1%
Expenses	$132,993	$238,072	-0.4%
Net Income	$63,313	$-23,160	-3.7%

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

Governance

Voting Members

Independent Members

Employees

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

$78,678

Total Directors

Key Employees

$87,909

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG BONGIORNO	PRESIDENT/CHAIRMAN EXEC. COMM	10.00	Officer Director	$0	$0	$0
HEW CROOKS	TREASURER/EXECUTIVE COMMITTEE MEMBER	5.00	Officer Director	$0	$0	$0
MARK HANSON	EXECUTIVE COMMITTEE MEMBER	5.00	Director	$0	$0	$0
CHRISTOPHER DONOVAN JR	TRUSTEE/DIRECTOR	1.00	Director	$0	$0	$0
TARA D'ALESSANDRO	TRUSTEE/DIRECTOR	0.00	Director	$0	$0	$0
KATHARINE CRONK MD	TRUSTEE/DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SHEEHAN	TRUSTEE/DIRECTOR	1.00	Director	$0	$0	$0
HAMID HAIDER	TRUSTEE/DIRECTOR	0.00	Director	$0	$0	$0
MARCY VENEZIA	INCOMING EXEC. DIRECTOR	30.00	Officer Key Emp	$78,678	$0	$78,678
MARIE FREISLEBEN	PROGRAM COORDINATOR	40.00	Key Emp	$9,231	$0	$9,231

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	$196,306	$132,993	$387,243	$63,313
2022	$214,912	$238,072	$324,971	$-23,160
2022	$214,912	$238,072	$324,971	$-23,160
2021	$223,674	$158,620	$346,403	$65,054
2021	$223,674	$160,219	$346,399	$63,455
2020	$174,742	$235,211	$281,345	$-60,469

ABOVE THE CLOUDS INC