K STATE FLYING CLUB INC (EIN 486117112) - 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

1955

Legal Domicile

Principal Officer

STEVEN KRAUSE

Phone

7854077145

Tax Period

2024-07-01 to 2025-06-30

K STATE FLYING CLUB INC, founded in 1955, is a small nonprofit that reported $201K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $227K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE AIRCRAFT TO MEMBERS AT A LOWER COST THAN COMMERCIAL PLANES

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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 $0

Program Service Revenue $173,814

Investment Income $776

Other Revenue $26,783

TOTAL REVENUE $201,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $226,734

TOTAL EXPENSES $226,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,373	$169,372	+0.2%
Expenses	$226,734	$136,939	+0.7%
Net Income	$-25,361	$32,433	-1.8%

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
STEVEN KRAUSE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANE BOYD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RUSSELL HART	SECRETARY	1.00	Officer Director	$0	$0	$0
JUSTIN REED	TREASURER	2.00	Officer Director	$0	$0	$0
WILLIE FLORES	FLIGHT OFFICER/CHIEF PILOT	1.00	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
2025	$201,373	$226,734	$203,953	$-25,361
2024	$169,372	$136,939	$229,314	$32,433
2023	$108,458	$128,461	$196,881	$-20,003
2022	$160,995	$115,432	$216,884	$45,563

K STATE FLYING CLUB INC