NETJETS FAMILY FOUNDATION (EIN 611557295) - 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

2008

Legal Domicile

Principal Officer

JASON LAYMAN

Phone

6142395500

Tax Period

2024-01-01 to 2024-12-31

NETJETS FAMILY FOUNDATION, founded in 2008, is a micro nonprofit in the Public Safety sector that reported $75K in total revenue in fiscal year 2024. Net assets of $4.1M represent 649 months of operating reserves.

Mission

TO PROVIDE QUALIFIED DISASTER RELIEF AND EMERGENCY ECONOMIC HARDSHIP ASSISTANCE GRANTS TO CURRENT, FUTURE AND RECENTLY SEPARATED EMPLOYEES OF NETJETS INC. AND ITS SUBSIDIARY CORPORATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $75,115

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $75,118

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,959

Other Expenses $23,503

TOTAL EXPENSES $73,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,118	$75,123	0.0%
Expenses	$73,503	$104,614	-0.3%
Net Income	$1,615	$-29,491	-1.1%

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
JASON LAYMAN	DIRECTOR/BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT MCINCROW	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE PETERSON	TREASURER	1.00	Officer Director	$0	$0	$0
TOM SCHANER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW TUROCY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL FLYNN	DIRECTOR/EXECUTIVE DIRECTO	1.00	Officer Director	$0	$0	$0
JULIE GRUNENWALD	MEMBER	1.00	Director	$0	$0	$0
MELANIE DICKMAN	MEMBER	1.00	Director	$0	$0	$0
KRISTEN BARRY-GOOD	MANAGER	4.00	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	$75,118	$73,503	$4,062,578	$1,615
2023	$75,123	$104,614	$3,692,040	$-29,491
2022	$436,267	$132,889	$3,371,452	$303,378
2021	$469,061	$137,123	$3,496,520	$331,938
2020	$381,880	$192,180	$3,114,155	$189,700
2019	$359,621	$132,430	$2,839,683	$227,191
2018	$458,664	$180,999	$2,398,815	$277,665

NETJETS FAMILY FOUNDATION