KNOXVILLE FLYERS INC (EIN 621427926) - 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

Principal Officer

EMILY SMEAD

Phone

8656897606

Tax Period

2024-10-01 to 2025-09-30

KNOXVILLE FLYERS INC is a small nonprofit in the Recreation & Sports sector that reported $293K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

PROMOTING THE SPORT AND RECREATIONAL USE OF FLYING AIRPLANES

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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 $121,198

Program Service Revenue $170,339

Investment Income $987

Other Revenue $0

TOTAL REVENUE $292,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,960

Fundraising Expenses $0

Program Expenses $291,709

Other Expenses $286,749

TOTAL EXPENSES $291,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,524	$408,595	-0.3%
Expenses	$291,709	$327,789	-0.1%
Net Income	$815	$80,806	-1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$2,480

Total Directors

$4,960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY SMEAD	TREASURER	5	Officer Director	$2,480	$0	$2,480
JAMES WAXMONSK	PRESIDENT	5	Officer Director	$0	$0	$0
CHIP DOOLEY	VICE PRESIDENT	2	Officer Director	$0	$0	$0
ALFRED AKERMAN	DIRECTOR	2	Director	$0	$0	$0
MATT WILLIAMSO	DIRECTOR	2	Director	$0	$0	$0
ROBERT BREEDEN	DIRECTOR	2	Director	$0	$0	$0
THEO EATON	SECRETARY	2	Officer	$0	$0	$0
MICHAEL WILLIA	DIRECTOR	10	Director	$2,480	$0	$2,480
JORDAN ADCOCK	DIRECTOR	2	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	$292,524	$291,709	$439,669	$815
2024	$408,595	$327,789	$462,394	$80,806
2023	$368,055	$343,631	$433,728	$24,424
2022	$314,086	$271,939	$347,275	$42,147
2021	$482,786	$330,551	$317,958	$152,235
2020	$234,801	$235,975	$249,284	$-1,174
2019	$260,972	$249,253	$296,961	$11,719
2018	$219,972	$226,961	$190,312	$-6,989

KNOXVILLE FLYERS INC