LAKEWAY AIRPARK 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

1995

Legal Domicile

Phone

5122613480

Tax Period

2024-06-01 to 2025-05-31

LAKEWAY AIRPARK INC, founded in 1995, is a small nonprofit in the Public & Societal Benefit sector that reported $239K in total revenue in fiscal year 2024. The organization ran a surplus of $154K, a strong 65% operating margin.

Mission

THE LAKEWAY AIRPARK IS A PUBLIC USE, PRIVATE AIRPORT MANAGED AND OPERATED BY A NON-PROFIT VOLUNTEER BOARD OF DIRECTORS. IT IS THE LANDING DESTINATION FOR THE LIFE FLIGHT OPERATIONS FOR THE CRITICAL MEDICAL NEEDS OF THE LOCAL RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $78,003

PROVIDE MANAGEMENT AND MAINTENANCE FOR LAKEWAY AIRPARK SERVING THE AIR TRANSIT NEEDS OF THE LOCAL RESIDENTS.

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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 $59,850

Program Service Revenue $96,359

Investment Income $6,370

Other Revenue $76,173

TOTAL REVENUE $238,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,003

Other Expenses $84,661

TOTAL EXPENSES $84,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,752	N/A	N/A
Expenses	$84,661	N/A	N/A
Net Income	$154,091	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
ERIK MULLOY	Treasurer	Officer Director	$0	$0	$0
SCOTT EPLEY	BOARD MEMBER	Director	$0	$0	$0
JOSH COBB	Secretary	Officer Director	$0	$0	$0
PAT HALL	President	Officer Director	$0	$0	$0
PHIL THOMPSON	BOARD MEMBER	Director	$0	$0	$0
BILL KULPA	BOARD MEMBER	Director	$0	$0	$0
STEVE SMITH	BOARD MEMBER	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	$238,752	$84,661	$640,760	$154,091