AERO CLUB OF LOUISVILLE INC (EIN 610660190) - 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

1967

Legal Domicile

Principal Officer

MICHAEL POWERS

Phone

5025411820

Tax Period

2023-01-01 to 2023-12-31

AERO CLUB OF LOUISVILLE INC, founded in 1967, is a small nonprofit that reported $201K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $184K left a modest 9% surplus.

Mission

SOCIAL AND EDUCATIONAL ACTIVITIES FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $47,802

Program Service Revenue $0

Investment Income $0

Other Revenue $153,535

TOTAL REVENUE $201,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,210

Fundraising Expenses $0

Other Expenses $112,328

TOTAL EXPENSES $183,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,337	$171,368	+0.2%
Expenses	$183,538	$149,859	+0.2%
Net Income	$17,799	$21,509	-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

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
FRANK HATFIELD	PRESIDENT	10.00	Officer Director	$0	$0	$0
AUSTIN BERG	VICE-PRESIDENT	10.00	Officer Director	$0	$0	$0
LISA KNIGHT	TREASURER	10.00	Officer Director	$0	$0	$0
JEFF MILLER	TREASURER	10.00	Officer Director	$0	$0	$0
PAT KILKELLY	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN PARKER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WELLER	DIRECTOR	1.00	Director	$0	$0	$0
GREG JENKINS	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$201,337	$183,538	$58,773	$17,799
2022	$171,368	$149,859	$40,974	$21,509
2021	$154,107	$137,579	$19,465	$16,528
2020	$99,859	$109,164	$4,137	$-9,305

AERO CLUB OF LOUISVILLE INC