LEBANON FLYING CLUB INC (EIN 621034643) - 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

1978

Legal Domicile

Principal Officer

Richard Prevatt

Phone

6155334457

Tax Period

2025-01-01 to 2025-12-31

LEBANON FLYING CLUB INC, founded in 1978, is a small nonprofit in the Recreation & Sports sector that reported $226K in total revenue in fiscal year 2025. The organization ran a surplus of $36K, a strong 16% operating margin.

Mission

Lebanon Flying Club was formed over 40 years ago to provide Members with instruction and recreation in aviation using Club-owned and maintained aircraft.

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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 $74,639

Program Service Revenue $150,352

Investment Income $568

Other Revenue $0

TOTAL REVENUE $225,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,325

Other Expenses $189,325

TOTAL EXPENSES $189,325

Year-over-Year Comparison

	2025	2024	Change
Revenue	$225,559	$214,937	+0.0%
Expenses	$189,325	$164,646	+0.1%
Net Income	$36,234	$50,291	-0.3%

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

$7,287

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Prevatt	President	2.00	Officer	$1,530	$0	$1,530
John Potts	Maintenance Officer	4.00	Officer	$3,060	$0	$3,060
John Czarnik	Treasurer	4.00	Officer	$797	$0	$797
Wayne Freiesleben	Treasurer	2.00	Officer	$0	$0	$0
Roger Hardin	Maintenance Officer	4.00	Officer	$1,900	$0	$1,900

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	$225,559	$189,325	$518,448	$36,234
2024	$214,937	$164,646	$500,536	$50,291
2023	$215,927	$194,337	$463,555	$21,590

LEBANON FLYING CLUB INC