51ST AERO SQUADRON LLC (EIN 461888424) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

Mike Kozlik

Phone

2055160479

Tax Period

2023-01-01 to 2023-12-31

51ST AERO SQUADRON LLC, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $277K in total revenue in fiscal year 2022. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $256K left a modest 8% surplus.

Mission

Social club for aviation enthusiasts, to provide flying services for members and to increase GA aweness within the community

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $81,166

Program Service Revenue $158,210

Investment Income $22

Other Revenue $5,000

TOTAL REVENUE $244,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $213,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,398	$277,137	-0.1%
Expenses	$213,356	$255,943	-0.2%
Net Income	$31,042	$21,194	+0.5%

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
Mike Kozlik	President	5	Officer	$0	$0	$0
Ed Murray	Vice President	20	Officer	$0	$0	$0
Michael Kiser	Treasurer	2	Officer	$0	$0	$0
Roger Wentowski III	Secretary	1	Officer	$0	$0	$0
Paul Bonnecarre	Membership Officer	0.5	Officer	$0	$0	$0
Duwayne Stachelski	Safety Officer	1	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	$244,398	$213,356	$384,947	$31,042
2022	$277,137	$255,943	$367,839	$21,194

51ST AERO SQUADRON LLC