Memphis Soaring Society (EIN 621742869) - 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

1947

Legal Domicile

Principal Officer

Mark S Olinger

Phone

9014918424

Tax Period

2023-01-01 to 2023-12-31

Memphis Soaring Society, founded in 1947, is a small nonprofit in the Recreation & Sports sector that reported $102K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $120K exceeded revenue, resulting in a 18% operating deficit.

Mission

Provide flying privleges to approximately 65 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 $64,734

Program Service Revenue $29,645

Investment Income $4,000

Other Revenue $3,154

TOTAL REVENUE $101,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $119,592

TOTAL EXPENSES $119,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,533	$73,508	+0.4%
Expenses	$119,592	N/A	N/A
Net Income	$-18,059	$73,508	-1.2%

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
Mark Olinger	President	010.00	Officer Director	$0	$0	$0
Scott Ballard	Treasurer	005.00	Officer Director	$0	$0	$0
Robert Beger	Secretary	005.00	Officer Director	$0	$0	$0
Doug Johnson	Vice Presidnet	005.00	Officer Director	$0	$0	$0
Brian Smith	Ops. Officer	005.00	Officer 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	$101,533	$119,592	$807,597	$-18,059
2022	$73,508	$72,120	$879,270	$1,388
2021	$63,557	$54,519	$827,547	$9,038
2020	$83,528	$63,327	$831,706	$20,201

Memphis Soaring Society