Regional Air Service Corporation (EIN 473045665) - 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

2015

Legal Domicile

Principal Officer

Carol Chaplin

Phone

7753232977

Tax Period

2022-07-01 to 2023-06-30

Regional Air Service Corporation, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $736K in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $667K left a modest 9% surplus.

Mission

To increase air service quality to the Reno, Sparks, Lake Tahoe, and Northern Nevada region.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $733,333

Investment Income $2,393

Other Revenue $0

TOTAL REVENUE $735,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $667,323

TOTAL EXPENSES $667,323

Year-over-Year Comparison

	2022	2021	Change
Revenue	$735,726	$840,000	-0.1%
Expenses	$667,323	$958,071	-0.3%
Net Income	$68,403	$-118,071	-1.6%

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
Christopher Abraham	Chair/President	1.30	Officer	$0	$0	$0
Carol Chaplin	Vice Chair	1.30	Officer	$0	$0	$0
John McGinnes	Secretary	1.30	Officer	$0	$0	$0
Christina Erny	Treasurer	1.30	Officer	$0	$0	$0
Carl Ribaudo	Managing Director	9.00	Officer	$0	$0	$0
Patrick Ty Whitaker	Member (Administrator)	9.00	Officer	$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$0	$0	$0
N/A	Member	0.30		$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	No data	No data	No data	No data
2023	$735,726	$667,323	$1,045,843	$68,403
2022	$840,000	$958,071	$977,440	$-118,071
2021	$327,500	$563,542	$1,095,511	$-236,042
2020	$852,501	$405,165	$1,331,553	$447,336
2018	$770,002	$275,384	$544,210	$494,618

Regional Air Service Corporation