MEADOW LAKE AIRPORT ASSOCIATION (EIN 742106395) - 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

1972

Legal Domicile

Principal Officer

JEFF MOORE

Tax Period

2024-01-01 to 2024-12-31

MEADOW LAKE AIRPORT ASSOCIATION, founded in 1972, is a small nonprofit that reported $513K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $88K, a strong 17% operating margin.

Mission

OPERATE MAINTAIN RELIEVER AIRPORT IN SOUTHERN COLORADO

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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 $460,010

Program Service Revenue $0

Investment Income $6,832

Other Revenue $46,008

TOTAL REVENUE $512,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $425,229

Other Expenses $425,229

TOTAL EXPENSES $425,229

Year-over-Year Comparison

	2024	2023	Change
Revenue	$512,850	$627,751	-0.2%
Expenses	$425,229	$385,590	+0.1%
Net Income	$87,621	$242,161	-0.6%

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
DAVID ELLIOTT	PRESIDENT	N/A	Officer Director	$0	$0	$0
DANIEL JACQUOT	DIRECTOR	N/A	Director	$0	$0	$0
JEFF MOORE	TREASURER/SECRETARY	N/A	Officer Director	$0	$0	$0
JEFF HUNDLEY	VICE PRESIDENT	N/A	Director	$0	$0	$0
JAMES LEMONS	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT LATHAM	DIRECTOR	N/A	Director	$0	$0	$0
MARK STEWARD	DIRECTOR	N/A	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	$512,850	$425,229	$10,544,973	$87,621
2023	$627,751	$385,590	$10,332,362	$242,161
2022	$659,478	$333,336	$9,909,712	$326,142
2021	$626,757	$294,729	$9,873,454	$332,028
2020	$598,429	$304,216	$9,231,432	$294,213
2019	$475,946	$201,793	$8,742,994	$274,153
2018	$437,728	$157,386	$6,596,689	$280,342

MEADOW LAKE AIRPORT ASSOCIATION