TEXAS FLYING CLUB INC (EIN 742631358) - 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

1991

Legal Domicile

Phone

2144352717

Tax Period

2021-01-01 to 2021-12-31

TEXAS FLYING CLUB INC, founded in 1991, is a small nonprofit that reported $113K in total revenue in fiscal year 2021. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $23K, a strong 21% operating margin.

Mission

PROVISION OF SAFE, ECONOMICAL AIRCRAFT FOR THE EXCLUSIVE USE OF CLUB MEMBERS

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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 (2021)

Revenue Breakdown

Contributions & Grants $36,505

Program Service Revenue $76,619

Investment Income $0

Other Revenue $60

TOTAL REVENUE $113,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $89,775

TOTAL EXPENSES $89,775

Year-over-Year Comparison

	2021	2020	Change
Revenue	$113,184	$103,837	+0.1%
Expenses	$89,775	$88,299	+0.0%
Net Income	$23,409	$15,538	+0.5%

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
KLAYTON KIRKLAND	PRESIDENT	5.00	Officer	$0	$0	$0
SHANNON CALDWELL	VP OF BUSINESS OPERATIONS	2.00	Officer	$0	$0	$0
OLIVIA BURNS	VP OF PUBLIC RELATIONS	4.00	Officer	$0	$0	$0
GRADY CHISM	BOOKKEEPER	8.00	Officer	$0	$0	$0
NOEL BRADFORD	MEMBERSHIP COORDINATOR	5.00	Officer	$0	$0	$0
RAY COOK	SECRETARY	1.00	Officer	$0	$0	$0
COLE CRAWFORD	MAINTENANCE MANAGER	5.00	Officer	$0	$0	$0
BOBBY RANDOLPH	FACILITIES MAINTENANCE MANAGER	1.00	Officer	$0	$0	$0
MATT SUNERI	SAFETY MANAGER	1.00	Officer	$0	$0	$0
NICHOLAS REYNOLDS	WEBMASTER	1.00	Officer	$0	$0	$0
JULIANNA LADNER	EVENTS COORDINATOR	1.00	Officer	$0	$0	$0
RAY COOK	CORP LIAISON	1.00	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
2021	$113,184	$89,775	$48,035	$23,409
2020	$103,837	$88,299	$25,342	$15,538

TEXAS FLYING CLUB INC