FLIGHT SCHOOL ASSOCIATION OF NORTH AMERICA INC (EIN 800423664) - 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

2009

Legal Domicile

Principal Officer

ROBERT ROCKMAKER

Phone

6107914359

Tax Period

2023-01-01 to 2023-12-31

FLIGHT SCHOOL ASSOCIATION OF NORTH AMERICA INC, founded in 2009, is a small nonprofit that reported $478K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $424K left a modest 11% surplus.

Mission

SUPPORT, PROMOTE AND ADVOCATE FOR THE BUSINESS OF FLIGHT TRAINING

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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 $0

Program Service Revenue $469,060

Investment Income $0

Other Revenue $8,950

TOTAL REVENUE $478,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,388

Fundraising Expenses $0

Program Expenses $423,980

Other Expenses $326,592

TOTAL EXPENSES $423,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$478,010	$325,955	+0.5%
Expenses	$423,980	$321,697	+0.3%
Net Income	$54,030	$4,258	+11.7%

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

$97,388

Total Directors

$97,388

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM WHITE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GLEN PACE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS ERLANSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOEL DAVIDSON	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT ROCKMAKER	PRESIDENT/CEO	40.00	Officer Director	$83,616	$0	$83,616
LORRI HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE MCCALL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SYKES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MORSE	DIRECTOR	1.00	Director	$0	$0	$0
TYLER TENBRINK	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE SPARKS	VICE PRESIDENT	12.00	Officer Director	$13,772	$0	$13,772

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	$478,010	$423,980	$159,403	$54,030
2022	$325,955	$321,697	$97,113	$4,258
2021	$309,036	$231,941	$92,855	$77,095

FLIGHT SCHOOL ASSOCIATION OF NORTH AMERICA INC