WILLIAMSBURG AVIATION SCHOLARSHIP PROGRAM (EIN 464254510) - 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

2014

Legal Domicile

Principal Officer

JOEY RITCHIE

Phone

7577751669

Tax Period

2024-01-01 to 2024-12-31

WILLIAMSBURG AVIATION SCHOLARSHIP PROGRAM, founded in 2014, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2022. The organization ran a surplus of $54K, a strong 27% operating margin.

Mission

OUR PURPOSE IS TO FINANCE, MENTOR, AND MONITOR HIGH SCHOOL STUDENTS IN EARNING A PRIVATE PILOT LICENSE. THE LICENSE IS THE FIRST STEP TOWARDS A CAREER IN AVIATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $136,462

Program Service Revenue $0

Investment Income $10

Other Revenue $13,895

TOTAL REVENUE $150,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,528

Other Expenses $161,024

TOTAL EXPENSES $161,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,367	$103,400	+0.5%
Expenses	$161,024	$140,032	+0.1%
Net Income	$-10,657	$-36,632	-0.7%

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

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
JOEY RITCHIE	PRESIDENT	3.00	Officer Director	$0	$0	$0
RON SALYER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JAY PEARSALL	SECRETARY	3.00	Officer Director	$0	$0	$0
TRAVIS RABB	TREASURER	3.00	Officer Director	$0	$0	$0
CHARLES ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
TUCK MCATEE	DIRECTOR	1.00	Director	$0	$0	$0
TESS ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
KURT WEIDMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICK SHOOK	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SHERLOCK	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK COLTRIN	DIRECTOR	1.00	Director	$0	$0	$0
DANTE ANTONELLI	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$150,367	$161,024	$91,155	$-10,657
2023	$103,400	$140,032	$101,812	$-36,632
2022	$201,646	$148,050	$138,444	$53,596

WILLIAMSBURG AVIATION SCHOLARSHIP PROGRAM