Cirrus Owners & Pilots Association (EIN 611397946) - 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

2001

Legal Domicile

Principal Officer

TJ Shembekar

Phone

8476071040

Tax Period

2025-01-01 to 2025-12-31

Cirrus Owners & Pilots Association, founded in 2001, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2025. Expenses of $1.3M left a modest 7% surplus.

Mission

The Cirrus Owners and Pilots Association (COPA) is a not-for-profit membership organization established to educate, promote the safety of and support the owners and pilots of certified aircraft manufactured by Cirrus.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,380,443

Investment Income $59,303

Other Revenue $11,695

TOTAL REVENUE $1,451,441

Expense Breakdown

Grants Paid $79,100

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,264,665

TOTAL EXPENSES $1,343,765

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,451,441	$1,423,942	+0.0%
Expenses	$1,343,765	$1,287,421	+0.0%
Net Income	$107,676	$136,521	-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

N/A

Volunteers

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
Tushar Shembekar	President	20.00	Officer Director	$0	$0	$0
Mark van Niftrik	Director	2.00	Director	$0	$0	$0
James N Grace III	Treasurer	5.00	Officer Director	$0	$0	$0
William T King	Secretary	2.00	Officer Director	$0	$0	$0
Robert W Fulton III	President Elect	10.00	Officer Director	$0	$0	$0
Peter T Brown	Director	2.00	Director	$0	$0	$0
Kelly Nimmo-Guenther	Officer	10.00	Officer Director	$0	$0	$0
David F St Clair	Director	2.00	Director	$0	$0	$0
John M Covino	Director	2.00	Director	$0	$0	$0
Douglas L Beary	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
2025	$1,451,441	$1,343,765	$1,654,331	$107,676
2024	$1,423,942	$1,287,421	$1,433,212	$136,521
2023	$1,226,598	$1,111,679	$1,228,800	$114,919
2022	$1,123,818	$1,025,066	$1,018,053	$98,752
2021	$786,622	$746,879	$855,919	$39,743
2020	$387,085	$316,009	$795,679	$71,076
2019	$852,180	$845,329	$734,104	$6,851
2018	$1,019,867	$998,843	$716,519	$21,024

Cirrus Owners & Pilots Association