EXPERIENCE AVIATION 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

2005

Legal Domicile

Principal Officer

BARRINGTON IRVING

Tax Period

2023-01-01 to 2023-12-31

EXPERIENCE AVIATION INC, founded in 2005, is a small nonprofit in the Youth Development sector that reported $334K in total revenue in fiscal year 2023. Revenue surged 287% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 40% operating margin.

Mission

INTRODUCE AT-RISK YOUTH TO THE AVIATION AND RELATED FIELDS IN SCIENCE, TECHNOLOGY, ENGINEERING, & MATH

Program Service Accomplishments

Program 1

Expenses: $17,969

THE FLYING CLASSROOM IN PARTNERSHIP WITH EXPERIENCE AVIATION COLLABORATES TO PROVIDE FREE LEARNING RESOURCES PERTAINING TO EACH GLOBAL EXPEDITION. THE RESOURCES IS MADE TO SERVE EDUCATIONAL ENTITIES INCLUDING SCHOOLS, ORGANIZATIONS, NON-PROFITS, AND PARENTS. THIS INCLUDES INTERACTIVE WEB BLOG, LITERACY LESSONS, VIDEO AND IMAGES FROM THE FIELD, SOCIAL MEDIA, DIGITAL STORYTELLING, VISITATION TO SCHOOL DISTRICTS IN THE FLYING CLASSROOM AIRCRAFT, AND FREE SKYPE IN THE CLASSROOM SESSIONS.

Program 2

Expenses: $16,850

SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO HAVE PARTICIPATED WITHIN THE BUILD AND SOAR ACADEMY WHO ARE PLANNING TO PURSUE HIGHER EDUCATION WITHIN THE STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH)...

SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO HAVE PARTICIPATED WITHIN THE BUILD AND SOAR ACADEMY WHO ARE PLANNING TO PURSUE HIGHER EDUCATION WITHIN THE STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) INDUSTRY. STUDENTS SELECTED FOR THIS SCHOLARSHIP HAVE BEEN THROUGH A RIGOROUS PROCESS ANALYZED BY THE EXPERIENCE AVIATION TEAM MEMBERS TO DETERMINE THEIR PERFORMANCE LEVEL AND INTEREST WITHIN STEM. EXPERIENCE AVIATION AIMS TO PROVIDE MORE SCHOLARSHIPS TO STUDENTS TO PURSUE THEIR DREAMS AND GOALS.

Program 3

Expenses: $5,211

EXPERIENCE AVIATION OFFERS THE STEM FEST ACROSS THE NATION TO SCHOOL DISTRICTS. OUR TEAM INTRODUCES THESE PARTICIPANTS TO THE WORLD OF AVIATION AND STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH)...

EXPERIENCE AVIATION OFFERS THE STEM FEST ACROSS THE NATION TO SCHOOL DISTRICTS. OUR TEAM INTRODUCES THESE PARTICIPANTS TO THE WORLD OF AVIATION AND STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) THROUGH ENGAGING ACTIVITIES SUCH AS; DRONES, AUTONOMOUS ENGINEERING ROBOTS, 3D PRINTING PROSTHETIC HANDS AND OTHER SCIENCE EXPERIMENTS. PARTICIPANTS ALSO GET TO MEET AND GREET CAPTAIN BARRINGTON IRVING THROUGH HIS FLIGHT AROUND THE WORLD MOTIVATIONAL SPEECH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $334,065

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $334,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,600

Fundraising Expenses $0

Program Expenses $42,213

Other Expenses $128,305

TOTAL EXPENSES $200,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$334,065	$86,304	+2.9%
Expenses	$200,905	$136,775	+0.5%
Net Income	$133,160	$-50,471	-3.6%

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

$67,600

Total Directors