TEXTRON AVIATION EMPLOYEES' FLYING… - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

MICHAEL HAENGGI

Phone

3165157232

Tax Period

2024-01-01 to 2024-12-31

TEXTRON AVIATION EMPLOYEES' FLYING CLUB INC, founded in 1946, is a community nonprofit in the Mutual Benefit sector that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 27% operating margin.

Mission

TO PROVIDE AFFORDABLE ACCESS TO AIRCRAFT FOR THE EMPLOYEES OF TEXTRON AVIATION, INC. AND TO PROMOTE THE FLYING OF PRIVATE AIRCRAFT

Program Service Accomplishments

Program 1

Expenses: $3,182,068 Revenue: $2,504,074

TO PROMOTE AND ENCOURAGE PRIVATE FLYING AND TO PROVIDE ECONOMICAL FLYING TO ITS MEMBERS

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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 $2,101,116

Program Service Revenue $1,149,413

Investment Income $1,391,936

Other Revenue $10,597

TOTAL REVENUE $4,653,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,182,068

Other Expenses $3,410,365

TOTAL EXPENSES $3,410,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,653,062	$4,169,423	+0.1%
Expenses	$3,410,365	$2,673,567	+0.3%
Net Income	$1,242,697	$1,495,856	-0.2%

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
MICHAEL HAENGGI	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICO DE LA CRUZ	SECRETARY	1.00	Officer Director	$0	$0	$0
JAKE FARRINGTON	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTIN BURES	DIRECTOR	1.00	Director	$0	$0	$0
TANNER TOWNS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDSAY ULFIG	DIRECTOR	1.00	Director	$0	$0	$0
DAN LYON	DIRECTOR	1.00	Director	$0	$0	$0
DAN HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
BRAD SILVERSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
LUCA CICCOLARI-MICALDI	DIRECTOR	1.00	Director	$0	$0	$0
ROY AYCOCK	MANAGER	40.00	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	$4,653,062	$3,410,365	$7,183,130	$1,242,697
2023	$4,169,423	$2,673,567	$5,969,906	$1,495,856
2022	$3,278,434	$2,047,254	$5,070,198	$1,231,180
2021	$1,906,440	$1,799,515	$3,186,873	$106,925
2020	$1,829,508	$1,698,000	$3,093,237	$131,508
2019	$1,663,930	$1,988,659	$3,050,345	$-324,729
2018	$1,822,538	$1,997,617	$3,320,092	$-175,079

TEXTRON AVIATION EMPLOYEES' FLYING CLUB INC