ASPEN HIGHER LEARNING FLIGHT ACADEMY INC

EIN: 470976234 501(c)(3) Education

ASPEN, CO

Total Revenue
$1,111,165
Total Expenses
$1,131,521
Total Assets
$2,319,216
Net Assets
$239,982
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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
2014
Legal Domicile
CO
Principal Officer
JEFF POSEY
Phone
9704733440
Tax Period
2024-01-01 to 2024-12-31

ASPEN HIGHER LEARNING FLIGHT ACADEMY INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

EMPOWERS YOUTH AND ADULTS TO LEARN THE JOYS AND RESPONSIBILITIES OF FLYING BY PROVIDING STUDENTS WITH CLASSROOM AND FLIGHT TRAINING NEEDED TO PILOT AIRCRAFT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $144,564
Program Service Revenue $435,123
Investment Income $152,790
Other Revenue $378,688
TOTAL REVENUE $1,111,165

Expense Breakdown

Grants Paid $62,307
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,047,335
Other Expenses $1,064,685
TOTAL EXPENSES $1,131,521

Year-over-Year Comparison

2024 2023 Change
Revenue $1,111,165 $1,366,924 -0.2%
Expenses $1,131,521 $974,970 +0.2%
Net Income $-20,356 $391,954 -1.1%
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

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Governance

Voting Members
11
Independent Members
11
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
7
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM BRUNO DIRECTOR 1.00
Director
$0 $0 $0
HAL DISHLER VICE PRESIDENT OF GENERAL COUNSEL 1.00
Officer Director
$0 $0 $0
ANDREW DOREMUS VICE PRESIDENT OF FLIGHT OPERATIONS 1.00
Officer Director
$0 $0 $0
JON KELLY DIRECTOR 1.00
Director
$0 $0 $0
KELLY NIMMO-GUENTHER DIRECTOR 1.00
Director
$0 $0 $0
MICHEAL PEARCE CHAIRMAN EMERITUS 1.00
Officer Director
$0 $0 $0
JEFF POSEY CHAIRMAN 1.00
Officer Director
$0 $0 $0
SHELLY SIMI DIRECTOR 1.00
Director
$0 $0 $0
JOHN WARD VICE PRESIDENT OF FINANCE 1.00
Officer Director
$0 $0 $0
BILL WHITE SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
RANDALL BRODSKY PRESIDENT 1.00
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 $1,111,165 $1,131,521 $2,319,216 $-20,356
2023 $1,366,924 $974,970 $1,834,265 $391,954
2022 $810,888 $909,612 $1,324,186 $-98,724
2021 $371,338 $467,125 $895,169 $-95,787
2020 $651,608 $367,169 $1,016,950 $284,439
2019 $296,263 $224,379 $140,627 $71,884
2018 $177,193 $163,031 $99,325 $14,162
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