LEARN BUILD FLY INC (EIN 473287245) - 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

Principal Officer

DAVID CONRAD

Phone

7152985560

Tax Period

2024-01-01 to 2024-12-31

LEARN BUILD FLY INC is a small nonprofit in the Education sector that reported $360K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $222K, a strong 62% operating margin.

Mission

LEARN BUILD FLY IS A NON-PROFIT ORGANIZATION FOCUSED ON PROMOTING AND ENCOURAGING RECREATIONAL AVIATION AND STEM LEARNING THROUGH EXPLORING, BUILDING AND FLYING AIRCRAFT. BY TEACHING MEMBERS THE FUNDAMENTALS OF AIRCRAFT SAFETY, DESIGN AND CONSTRUCTION, WE ARE INSPIRING THE NEXT GENERATION OF AVIATION ENTHUSIASTS TO BECOME ANYTHING FROM PILOTS AND BUILDERS TO MECHANICS AND ENGINEERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $360,350

Program Service Revenue $0

Investment Income $97

Other Revenue $0

TOTAL REVENUE $360,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,021

Other Expenses $138,021

TOTAL EXPENSES $138,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$360,447	$207,842	+0.7%
Expenses	$138,021	$102,630	+0.3%
Net Income	$222,426	$105,212	+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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CONRAD	PRESIDENT	1.00	Officer	$0	$0	$0
WYNN JONES	BOARD MEMBER	1.00	Officer	$0	$0	$0
STEVE LANGE	SECRETARY	1.00	Officer	$0	$0	$0
KURT MEHRE	BOARD MEMBER	1.00	Officer	$0	$0	$0
JENNIFER RAUSCHER	VICE PRESIDE	1.00	Officer	$0	$0	$0
VALERIE SWANBORK	TREASURER	1.00	Officer	$0	$0	$0
ROBERT WALDINGER	BOARD MEMBER	1.00	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
2024	$360,447	$138,021	$1,050,025	$222,426
2023	$207,842	$102,630	$824,136	$105,212
2022	$155,950	$71,742	$722,446	$84,208
2021	$364,719	$78,059	$641,064	$286,660

LEARN BUILD FLY INC