TEEN AIRCRAFT FACTORY OF MANASOTA (EIN 810854957) - 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

2016

Legal Domicile

Principal Officer

JAMES FAIX

Phone

9413212370

Tax Period

2025-01-01 to 2025-12-31

TEEN AIRCRAFT FACTORY OF MANASOTA, founded in 2016, is a micro nonprofit in the Education sector that reported $38K in total revenue in fiscal year 2025. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 68% operating margin.

Mission

THE ORGANIZATION CURRENTLY HAS TWO AIRCRAFT UNDER CONSTRUCTION. THE ORGANIZATION TEACHES AT-RISK YOUTH RESPONSIBILITY, MECHANICAL SKILLS, AND A SENSE OF PRIDE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $29,763

Program Service Revenue $0

Investment Income $2,767

Other Revenue $5,346

TOTAL REVENUE $37,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,950

Other Expenses $11,975

TOTAL EXPENSES $11,975

Year-over-Year Comparison

	2025	2024	Change
Revenue	$37,876	$181,093	-0.8%
Expenses	$11,975	$112,949	-0.9%
Net Income	$25,901	$68,144	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH WARD	DIRECTOR	8.00	Director	$0	$0	$0
CLAY SMITH	DIRECTOR	8.00	Director	$0	$0	$0
CHRIS VANDERPLOEG	DIRECTOR	8.00	Director	$0	$0	$0
RONALD HANDLEY	PRESIDENT	8.00	Officer	$0	$0	$0
MARK GATZ	VICE PRESIDENT	8.00	Officer	$0	$0	$0
JAMES KRUSE	SECRETARY	8.00	Officer	$0	$0	$0
JAMES FAIX	TREASURER	8.00	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
2025	$37,876	$11,975	$311,588	$25,901
2024	$181,093	$112,949	$285,687	$68,144
2023	$279,422	$239,005	$217,543	$40,417

TEEN AIRCRAFT FACTORY OF MANASOTA