LGE FLYING CLUB INC

EIN: 586038545

MARIETTA, GA

Total Revenue
$272,253
Total Expenses
$260,849
Total Assets
$303,704
Net Assets
$303,704
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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
1960
Legal Domicile
GA
Principal Officer
Joe Pelton
Phone
4042472633
Tax Period
2023-01-01 to 2023-12-31

LGE FLYING CLUB INC, founded in 1960, is a small nonprofit that reported $272K in total revenue in fiscal year 2023. Expenses of $261K left a modest 4% surplus.

Mission

EDUCATIONAL AND RECREATIONAL FLYING ACTIVITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $270,355
Investment Income $1,898
Other Revenue $0
TOTAL REVENUE $272,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $260,849
Other Expenses $260,849
TOTAL EXPENSES $260,849

Year-over-Year Comparison

2023 2022 Change
Revenue $272,253 $258,828 +0.1%
Expenses $260,849 $247,259 +0.1%
Net Income $11,404 $11,569 0.0%
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
6
Independent Members
6
Employees
N/A
Volunteers
20

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE PELTON PRESIDENT 10
Officer
$0 $0 $0
JERRY THORNTON VICE PRESIDENT 10
Officer
$0 $0 $0
CHRISTIAN KRESS TREASURER 10
Officer
$0 $0 $0
TOM ALGER SECRETARY 10
Officer
$0 $0 $0
STEVE COON MAINTENANCE OFFICER 10
Officer
$0 $0 $0
RJ SCHRAMM CHIEF FLIGHT INSTRUCTOR 10
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 No data No data No data No data
2023 $272,253 $260,849 $303,704 $11,404
2022 $258,828 $247,259 $292,300 $11,569
2021 $335,563 $282,636 $280,731 $52,927
2020 $227,835 $237,899 $227,804 $-10,064
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