WORLAND FLYING CLUB LLC

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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

CONNIE CLARK

Phone

3073880941

Tax Period

2024-01-01 to 2024-12-31

WORLAND FLYING CLUB LLC, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $101K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE CAMARADERIE AND FELLOWSHIP OF PILOTS AND PROVIDE WELL- MAINTAINED AIRCRAFT FOR MEMBERS' USE AT REASONABLE COST

Program Service Accomplishments

Program 1

Revenue: $48,761

PROVIDES FOR THE SOCIAL FELLOWSHIP OF THE CLUB'S MEMBERS THROUGH THE OWNERSHIP OF PRIVATE AIRCRAFT FOR THE MEMBERS PERSONAL, RECREATIONAL, AND INSTRUCTIONAL FLYING

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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 $50,438

Program Service Revenue $48,761

Investment Income $0

Other Revenue $1,333

TOTAL REVENUE $100,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,466

Other Expenses $102,466

TOTAL EXPENSES $102,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,532	$46,216	+1.2%
Expenses	$102,466	$57,646	+0.8%
Net Income	$-1,934	$-11,430	-0.8%

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
WILLIAM E PENNIGTON	PRESIDENT	N/A	Officer	$0	$0	$0
RYAN CLARK	SECRETARY	N/A	Officer	$0	$0	$0
CONNIE CLARK	TREASURER	N/A	Officer	$0	$0	$0
TROY NELSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
JEREME CARNE	MAINTENANCE	N/A	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	$100,532	$102,466	$168,582	$-1,934
2023	$46,216	$57,646	$184,916	$-11,430