GREATER HOUSTON SOARING ASSOCIATIO… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

KENNETH SCHMETTER

Phone

9793985827

Tax Period

2023-01-01 to 2023-12-31

GREATER HOUSTON SOARING ASSOCIATION INC, founded in 1996, is a small nonprofit in the Education sector that reported $154K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $25K, a strong 16% operating margin.

Mission

EDUCATION OF STUDENTS, PILOTS AND GENERAL PUBLIC IN GLIDER AVIATION.

Program Service Accomplishments

Program 1

Expenses: $127,776 Revenue: $94,122

PROVIDED EDUCATIONAL TRAINING AND SKILLS TO STUDENTS AND PILOTS IN GLIDERS AND AVIATION. ATTRACTS THE GENERAL PUBLIC FOR EXPERIENCING GLIDER TECHNOLOGY, EDUCATION OF FLIGHT OPERATION.

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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 $59,899

Program Service Revenue $70,729

Investment Income $5,853

Other Revenue $17,540

TOTAL REVENUE $154,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,776

Other Expenses $129,505

TOTAL EXPENSES $129,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$154,021	$175,387	-0.1%
Expenses	$129,505	$121,503	+0.1%
Net Income	$24,516	$53,884	-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

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
DAVID COGGINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
FERENC SZUCS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
UWE PRIGGE	SECRETARY	1.00	Officer Director	$0	$0	$0
KEN SCHMEFFER	TREASURER	5.00	Officer Director	$0	$0	$0
MANOLO GUZMAN	MEMBER AT LARGE	1.00	Officer 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	No data	No data	No data	No data
2023	$154,021	$129,505	$422,436	$24,516
2022	$175,387	$121,503	$415,892	$53,884
2021	$116,072	$120,465	$393,718	$-4,393
2016	$94,351	$86,381	$460,035	$7,970

GREATER HOUSTON SOARING ASSOCIATION INC