BALLOON FEDERATION OF AMERICA

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

SALLIE LOFLIN

Phone

5159618809

Tax Period

2023-01-01 to 2023-12-31

BALLOON FEDERATION OF AMERICA, founded in 1967, is a small nonprofit that reported $369K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $128K, a strong 35% operating margin.

Mission

TO FOSTER BALLOONING SPORTS AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $107,845 Revenue: $27,561

BIMONTHLY PUBLICATION OF BALLOONING JOURNAL AND DISTRIBUTION TO MEMBERS AND SUBSCRIBERS.

Program 2

Expenses: $43,831 Revenue: $32,550

OTHER MISCELLANEOUS BALLOON MEMBER ACTIVITIES AND SERVICES.

Program 3

Expenses: $36,792 Revenue: $11,958

SANCTIONED VARIOUS HOT AIR BALLOON COMPETITIVE EVENTS THROUGHOUT THE COUNTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $184,780

Program Service Revenue $94,929

Investment Income $82,292

Other Revenue $6,523

TOTAL REVENUE $368,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,825

Fundraising Expenses $0

Program Expenses $188,468

Other Expenses $186,750

TOTAL EXPENSES $240,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,524	$247,156	+0.5%
Expenses	$240,575	$286,625	-0.2%
Net Income	$127,949	$-39,469	-4.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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
PATRICK CANNON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK WEST	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON JONES	SECRETARY	3.00	Officer Director	$0	$0	$0
SCOTT MCCLINTON	TREASURER	8.00	Officer Director	$0	$0	$0
PENNY SUTTLE	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE BYBERG	DIRECTOR	2.00	Director	$0	$0	$0
LARRY SIMBURGER	DIRECTOR	2.00	Director	$0	$0	$0
DAVE SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
TROY BRADLEY	DIRECTOR	2.00	Director	$0	$0	$0
RON BEHRMANN	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$368,524	$240,575	$677,589	$127,949
2022	$247,156	$286,625	$570,585	$-39,469
2021	$297,959	$277,550	$743,054	$20,409
2020	$206,136	$181,468	$679,183	$24,668
2019	$313,601	$280,906	$586,205	$32,695
2018	$274,417	$247,069	$513,886	$27,348