MID-ATLANTIC SOARING ASSOCIATION (EIN 736591834) - 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

1955

Legal Domicile

Principal Officer

Mike Higgins

Phone

7032006029

Tax Period

2025-01-01 to 2025-12-31

MID-ATLANTIC SOARING ASSOCIATION, founded in 1955, is a small nonprofit in the Recreation & Sports sector that reported $200K in total revenue in fiscal year 2025. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 32% operating margin.

Mission

CHARITABLE, EDUCATIONAL, SCIENTIFIC MISSION: TO ADVANCE THE SCIENCE & ART OF MOTORLESS FLIGHT THROUGH FLIGHT INSTRUCTION, YOUTH SCHOLARSHIPS, EDUCATION PROGRAMS; TO PROVIDE FLIGHT EQUIPMENT & SERVICES FACILITIES TO MEMBERS/COMMUNITY; TO RESEARCH SCIENTIFIC TECHNIQUES OF SOARING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $53,190

Program Service Revenue $161,592

Investment Income $16,859

Other Revenue $-31,819

TOTAL REVENUE $199,822

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,860

Other Expenses $131,306

TOTAL EXPENSES $136,306

Year-over-Year Comparison

	2025	2024	Change
Revenue	$199,822	$135,798	+0.5%
Expenses	$136,306	$140,023	0.0%
Net Income	$63,516	$-4,225	-16.0%

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

Employees

N/A

Volunteers

N/A

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
Mike Higgins	President	5.00	Officer Director	$0	$0	$0
MIKE HARBOLD	Vice President	5.00	Officer Director	$0	$0	$0
Mark Philip	Secretary	5.00	Director	$0	$0	$0
NIRMAL MATHRANI	Treasurer	5.00	Officer Director	$0	$0	$0
LANCE NUCKOLLS	Director	5.00	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
2025	$199,822	$136,306	$650,718	$63,516
2024	No data	No data	No data	No data
2023	$124,126	$146,232	$616,795	$-22,106
2022	$131,983	$136,015	$653,228	$-4,032
2021	$124,566	$124,674	$658,811	$-108
2020	$163,448	$127,738	$694,268	$35,710
2019	$135,766	$133,994	$674,600	$1,772
2018	$100,578	$123,145	$684,033	$-22,567

MID-ATLANTIC SOARING ASSOCIATION