BUSINESS MENS FLYING CLUB (EIN 736502767) - 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

1950

Legal Domicile

Principal Officer

Kevin Kanarski

Phone

6303690005

Tax Period

2023-11-01 to 2024-10-31

BUSINESS MENS FLYING CLUB, founded in 1950, is a small nonprofit that reported $155K in total revenue in fiscal year 2023. Net assets of $332K represent 26 months of operating reserves.

Mission

Recreational flying in a social environment; includes monthly meetings with discussion of flying, regulations, safety and new develoopments. Annual social dinners.

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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 $0

Program Service Revenue $154,886

Investment Income $0

Other Revenue $0

TOTAL REVENUE $154,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $164,522

TOTAL EXPENSES $164,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$154,886	$145,591	+0.1%
Expenses	$164,522	$154,947	+0.1%
Net Income	$-9,636	$-9,356	+0.0%

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

N/A

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
Jack Lindquist	Director	5	Director	$0	$0	$0
Don Patterson	Director	5	Director	$0	$0	$0
Norm Ballack	Director	5	Director	$0	$0	$0
Raymond Kvietkus	Operations Officer / Director	5	Officer	$0	$0	$0
Harlan Davis	Safety Officer / Director	5	Officer	$0	$0	$0
Chuck Blazevich	Treasurer / Director	5	Officer	$0	$0	$0
Alex Siegman	Secretary / Director	5	Officer	$0	$0	$0
Kristoffer Knigga	V - President / Director	5	Officer	$0	$0	$0
Kevin Kanarski	President / Director	5	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
2024	$154,886	$164,522	$361,226	$-9,636
2023	$145,591	$154,947	$406,369	$-9,356
2022	$197,062	$153,767	$597,607	$43,295
2021	$211,659	$167,573	$565,796	$44,086

BUSINESS MENS FLYING CLUB