ALBUQUERQUE SOARING CLUB

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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

1960

Legal Domicile

Principal Officer

William R Wampler

Phone

5052994910

Tax Period

2024-01-01 to 2024-12-31

ALBUQUERQUE SOARING CLUB, founded in 1960, is a micro nonprofit that reported $91K in total revenue in fiscal year 2024. The organization ran a surplus of $16K, a strong 17% operating margin.

Mission

Provide sailplanes, hangar, and meeting space to club members for training, proficiency, recreation and check rides

Program Service Accomplishments

Program 1

Expenses: $19,470 Revenue: $39,245

Provide aerotows for club members for training, proficiency, recreation and check rides

Program 2

Expenses: $10,748 Revenue: $7,166

Provide air worthy sailplanes for members to use for training, proficiency, recreation, and check rides

Program 3

Expenses: $7,066 Revenue: $5,850

Provide hangar and meeting facilities for safekeeping of club assets, promotion of soaring, and various social events for members throughout the year

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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 $37,377

Program Service Revenue $53,803

Investment Income $0

Other Revenue $0

TOTAL REVENUE $91,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,303

Other Expenses $75,576

TOTAL EXPENSES $75,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,180	$89,291	+0.0%
Expenses	$75,576	$72,264	+0.0%
Net Income	$15,604	$17,027	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexander Laurich	President	2	Officer	$0	$0	$0
Michael Beatty	Vice-President	2	Officer	$0	$0	$0
William Wampler	Treasurer	2	Officer	$0	$0	$0
Michael Fried	Secretary	2	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
2025	No data	No data	No data	No data
2024	$91,180	$75,576	$160,293	$15,604
2023	$89,291	$72,264	$164,296	$17,027
2022	$85,673	$74,547	$147,269	$11,126
2021	$83,888	$66,612	$136,445	$17,276
2020	$80,777	$59,443	$119,547	$21,334