CHAPEL HILL FLYING CLUB INC

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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

1961

Legal Domicile

Principal Officer

JONATHAN BROCKHOFF

Phone

9197762003

Tax Period

2024-01-01 to 2024-12-31

CHAPEL HILL FLYING CLUB INC, founded in 1961, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 5% surplus.

Mission

AVIATION EDUCATION AND SAFETY

Program Service Accomplishments

Program 1

ENCOURAGED AND DEVELOPED THE SKILLS OF APPROXIMATELY 350 MEMBERS IN AERONAUTICS, NAVIGATION, AVIATION SAFETY, AND RELATED SCIENCES. MEMBERS ATTEND REGULAR PRESENTATIONS ON AVIATION SAFETY AND...

ENCOURAGED AND DEVELOPED THE SKILLS OF APPROXIMATELY 350 MEMBERS IN AERONAUTICS, NAVIGATION, AVIATION SAFETY, AND RELATED SCIENCES. MEMBERS ATTEND REGULAR PRESENTATIONS ON AVIATION SAFETY AND PRACTICES.

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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 $382,617

Program Service Revenue $921,678

Investment Income $6,343

Other Revenue $-16,566

TOTAL REVENUE $1,294,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,316

Fundraising Expenses $0

Other Expenses $962,135

TOTAL EXPENSES $1,227,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,294,072	$1,266,675	+0.0%
Expenses	$1,227,451	$1,269,443	0.0%
Net Income	$66,621	$-2,768	-25.1%

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

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
TODD BRIDGES	PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHAEL HRIVNAK	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JON BROCKHOFF	TREASURER	5.00	Officer Director	$0	$0	$0
CAROLINE LOPEZ-CLEMONS	SECRETARY	5.00	Officer Director	$0	$0	$0
GEOFF MYERS	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE SCHEER	DIRECTOR	2.00	Director	$0	$0	$0
GRAHAM MAINWARING	DIRECTOR	2.00	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	$1,294,072	$1,227,451	$2,015,585	$66,621
2023	$1,266,675	$1,269,443	$1,966,746	$-2,768
2022	$1,172,911	$1,161,831	$1,968,181	$11,080
2021	$1,139,346	$1,055,586	$1,938,179	$83,760
2020	$868,853	$839,997	$1,603,142	$28,856
2019	$925,674	$903,700	$1,362,193	$21,974
2018	$749,757	$722,433	$1,388,136	$27,324