ARNOLD AIR SOCIETY - SILVER WINGS C/O GEN JIMMY CANLAS

EIN: 530231491

LORTON, VA

Total Revenue
$456,626
Total Expenses
$367,770
Total Assets
$1,167,415
Net Assets
$1,160,374
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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
1947
Legal Domicile
VA
Principal Officer
GEN RET JIMMY CANLAS
Phone
2282385145
Tax Period
2024-01-01 to 2024-12-31

ARNOLD AIR SOCIETY - SILVER WINGS C/O GEN JIMMY CANLAS, founded in 1947, is a small nonprofit that reported $457K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $89K, a strong 19% operating margin.

Mission

SUPPORT OF AEROSPACE POWER

Program Service Accomplishments

Program 1
Expenses: $96,765

THE ANNUAL PROGRAM INCLUDES NATIONAL AND REGIONAL CONCLAVES THAT EDUCATE STUDENTS ON US DOMESTIC AND FOREIGN POLICY, AND ALSO PROVIDES UNIQUE LEADERSHIP AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES NOT...

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THE ANNUAL PROGRAM INCLUDES NATIONAL AND REGIONAL CONCLAVES THAT EDUCATE STUDENTS ON US DOMESTIC AND FOREIGN POLICY, AND ALSO PROVIDES UNIQUE LEADERSHIP AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES NOT AVAILABLE ELSEWHERE. THE PROGRAM ALSO INCLUDES ACADEMIC, FLIGHT, AND JUMP SCHOLARSHIPS, INTERNSHIPS, FELLOWSHIPS, AND VOLUNTEER SUPPORT TO ENHANCE MENTORING AND PROMOTE PRACTICAL LEADERSHIP EXERCISES THAT HELP MAKE STUDENTS EXCEPTIONAL CIVILIAN CITIZENS AND MILITARY LEADERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $84,593
Program Service Revenue $139,885
Investment Income $232,148
Other Revenue $0
TOTAL REVENUE $456,626

Expense Breakdown

Grants Paid $59,427
Salaries & Benefits $174,938
Fundraising Expenses $0
Program Expenses $267,807
Other Expenses $133,405
TOTAL EXPENSES $367,770

Year-over-Year Comparison

2024 2023 Change
Revenue $456,626 $340,163 +0.3%
Expenses $367,770 $361,303 +0.0%
Net Income $88,856 $-21,140 -5.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
3
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
0
$0
Total Directors
13
$89,244
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEN DAN WOODWARD RET EXECUTIVE DI N/A
Director
$46,495 $0 $46,495
GEN RET JIMMY CANLAS EXECUTIVE DI 40.00
Director
$42,749 $0 $42,749
COL MIKE FINCKE RET TRUSTEE N/A
Director
$0 $0 $0
COL GARY L COPSEY RET TRUSTEE N/A
Director
$0 $0 $0
COL STEVE HISS RET TRUSTEE N/A
Director
$0 $0 $0
COL LINDA ALDRICH RET TRUSTEE N/A
Director
$0 $0 $0
GEN JAY RAYMOND RET BOARD CHAIRM N/A
Director
$0 $0 $0
MAJ GEN ALFRED FLOWERS RET FINANCIAL TR N/A
Director
$0 $0 $0
MAJ GEN STEVE LEPPER RET LEGAL TRUSTE N/A
Director
$0 $0 $0
MS NIKKI CAMHOUT TRUSTEE N/A
Director
$0 $0 $0
MOLLY MAE POTTER TRUSTEE N/A
Director
$0 $0 $0
MS CHARLYNDA SCALES TRUSTEE N/A
Director
$0 $0 $0
MEGAN STEFANOVIC TRUSTEE N/A
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 No data No data No data No data
2024 $456,626 $367,770 $1,167,415 $88,856
2023 $340,163 $361,303 $1,153,527 $-21,140
2022 $342,580 $346,932 $1,059,652 $-4,352
2021 $333,222 $265,125 $1,285,460 $68,097
2020 $415,906 $322,383 $1,323,423 $93,523
2019 $388,475 $373,817 $1,071,080 $14,658
2018 $420,040 $332,776 $936,699 $87,264
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