TIDEWATER FLYING CLUB INC (EIN 736500578) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

Matthew McCabe

Phone

7572918063

Tax Period

2024-01-01 to 2024-12-31

TIDEWATER FLYING CLUB INC, founded in 2020, is a small nonprofit that reported $150K in total revenue in fiscal year 2020. Expenses of $130K left a modest 13% surplus.

Mission

The Club is a non-profit corporation established to promote and encourage interest in airplane operation and ownership for the benefit of it's members.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $84,671

Program Service Revenue $0

Investment Income $2,815

Other Revenue $107,818

TOTAL REVENUE $195,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $140,466

TOTAL EXPENSES $140,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,304	$184,747	+0.1%
Expenses	$140,466	$149,809	-0.1%
Net Income	$54,838	$34,938	+0.6%

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
Neil O'Conner	Board Member	2	Director	$0	$0	$0
Don Milkavitch	Board Member	2	Director	$0	$0	$0
Mathew McCabe	President	2	Officer Director	$0	$0	$0
Dan Murri	Board Member	2	Director	$0	$0	$0
Robert Winger	Vice President	2	Officer Director	$0	$0	$0
David Osman	Treasurer	2	Officer Director	$0	$0	$0
Jesse Couch	Secretary	2	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	$195,304	$140,466	$655,920	$54,838
2023	$184,747	$149,809	$596,475	$34,938
2022	$166,293	$180,998	$593,995	$-14,705
2021	$161,742	$112,080	$619,366	$49,662
2020	$149,642	$130,081	$582,962	$19,561

TIDEWATER FLYING CLUB INC