CONDAIR FLYERS 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

1966

Legal Domicile

Principal Officer

John Whalen

Phone

5184249047

Tax Period

2024-10-01 to 2025-09-30

CONDAIR FLYERS INC, founded in 1966, is a small nonprofit that reported $332K in total revenue in fiscal year 2024. Expenses of $452K exceeded revenue, resulting in a 36% operating deficit.

Mission

To provide a safe and affordable aviation experience to its members

Program Service Accomplishments

Program 1

Revenue amounts reflect monthly dues to cover fixed expenses and per flight hour charges to cover variable costs. Expenses relate primarily to aviation fuel, maintenance, reserves, insurance and...

Revenue amounts reflect monthly dues to cover fixed expenses and per flight hour charges to cover variable costs. Expenses relate primarily to aviation fuel, maintenance, reserves, insurance and hangar rent.

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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 $107,015

Program Service Revenue $214,738

Investment Income $10,060

Other Revenue $0

TOTAL REVENUE $331,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $451,721

TOTAL EXPENSES $451,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$331,813	$342,614	0.0%
Expenses	$451,721	$333,567	+0.4%
Net Income	$-119,908	$9,047	-14.3%

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
John Whalen	President	5.00	Officer	$0	$0	$0
Alvah Fox	Vice President	2	Officer	$0	$0	$0
Brian Saez	Secretary	5	Officer	$0	$0	$0
Harriet Bregman	Treasurer	12	Officer	$0	$0	$0
Charles Zarriello	Operations Officer	15	Officer	$0	$0	$0
Eric Gleason	Maintenance Officer	20	Officer	$0	$0	$0
Rchard Klein	Avionics Officer	3	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	$331,813	$451,721	$771,333	$-119,908
2024	$342,614	$333,567	$891,248	$9,047
2023	$315,893	$336,241	$803,143	$-20,348
2022	$271,495	$278,501	$776,504	$-7,006
2021	$255,289	$263,589	$745,662	$-8,300
2020	$223,578	$217,360	$802,243	$6,218