FAA FLYING CLUB INC

EIN: 736506253

Springfield, VA

Total Revenue
$214,349
Total Expenses
$204,247
Total Assets
$387,423
Net Assets
$358,970
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
VA
Principal Officer
Thomas Shalhoub
Phone
7602015876
Tax Period
2024-05-01 to 2025-04-30

FAA FLYING CLUB INC, founded in 1963, is a small nonprofit that reported $225K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 29% operating margin.

Mission

The FAA Flying Club is a Virginia non-stock not-for-profit corporation (herein the "Club") established to stimulate and encourage interest in aviation, to advance the knowledge of members in aviation and aviation-related subjects, to sustain and improve the proficiency of members in flying, to provide an opportunity for members to fly aircraft economically, to provide an environment which affords recreational and social advantages within the aviation community and to do all of the things necessary in the operation of the Club to accomplish its principal objectives.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $214,349
Investment Income $0
Other Revenue $0
TOTAL REVENUE $214,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $204,247
TOTAL EXPENSES $204,247

Year-over-Year Comparison

2024 2023 Change
Revenue $214,349 $224,622 0.0%
Expenses $204,247 $158,378 +0.3%
Net Income $10,102 $66,244 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Douglas Yurovich President 0.5
Officer
$0 $0 $0
Thomas Shalhoub Treasurer / Chief Flight Instructor 2.5
Officer
$0 $0 $0
Daniel Botzer Maintenance Officer 1.5
Officer
$0 $0 $0
John Lammers Vice President 0.5
Officer
$0 $0 $0
Francisco Fuentes Secretary 0.5
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
2025 $214,349 $204,247 $387,423 $10,102
2024 $224,622 $158,378 $424,241 $66,244
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