FLIGHT CLUB 502

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

MICHAEL JONES

Phone

5026480911

Tax Period

2024-01-01 to 2024-12-31

FLIGHT CLUB 502, founded in 2017, is a community nonprofit in the Youth Development sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $762K, a strong 45% operating margin.

Mission

THE ORGANIZATION PROMOTES THE EMPOWERMENT OF OUR YOUTH, BY CORRELATING STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) AND PRACTICAL LIVING LESSONS AND BY TEACHING RESPONSIBILITY, ENTREPRENEURSHIP, CREATIVE THINKING AND BY INCORPORATING PATRIOTIC VALUES WITH LEARNING TO FLY, AND BY INTRODUCING AVIATION TO YOUNGER STUDENTS THROUGH SUMMER FLIGHT CAMPS AND AFTER SCHOOL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $548,703 Revenue: $478,545

HELPING TEACH KIDS TO FLY, THE ORGANIZATION WILL PROVIDE BOTH PRACTICAL AND FLIGHT TRAINING TO BOTH MEMBERS AND NON-MEMBERS AT MARKET PRICE. FLIGHT CLUB 502 ALSO PROVIDES FINANCIAL ASSISTANCE TO...

HELPING TEACH KIDS TO FLY, THE ORGANIZATION WILL PROVIDE BOTH PRACTICAL AND FLIGHT TRAINING TO BOTH MEMBERS AND NON-MEMBERS AT MARKET PRICE. FLIGHT CLUB 502 ALSO PROVIDES FINANCIAL ASSISTANCE TO YOUTH THAT ARE UNABLE TO PAY THE FULL AMOUNT FOR FLIGHT TRAINING. FLIGHT CLUB 502 WILL ALSO PAY COMPENSATION TO THIRD PARTY FLIGHT INSTRUCTORS DURING PRACTICAL FLIGHT INSTRUCTION AT A STANDARD MARKET PRICE.

Program 2

Expenses: $99,117 Revenue: $56,817

SUMMER CAMP AND AFTER SCHOOL PROGRAMMING

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $170,102

Program Service Revenue $535,362

Investment Income $1,158

Other Revenue $997,398

TOTAL REVENUE $1,704,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,284

Fundraising Expenses $41,556

Program Expenses $647,820

Other Expenses $720,481

TOTAL EXPENSES $941,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,704,020	$724,029	+1.4%
Expenses	$941,765	$786,482	+0.2%
Net Income	$762,255	$-62,453	-13.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
LAURA BENSON JONES	DIRECTOR	30.00	Director	$0	$0	$0
CLYDE ENSOR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JIM YONTS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE PERRY	DIRECTOR	1.00	Director	$0	$0	$0
JOE OEBBECKE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JONES	TREASURER	3.00	Officer Director	$0	$0	$0
DAVE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CINDY MCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BICKEL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM ASHLOCK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DARY	DIRECTOR	1.00	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	$1,704,020	$941,765	$1,631,552	$762,255
2023	$724,029	$786,482	$935,808	$-62,453
2022	$943,952	$519,312	$1,055,018	$424,640
2021	$403,110	$285,925	$326,306	$117,185
2020	$249,060	$248,971	$209,121	$89
2019	$147,683	$113,390	$236,377	$34,293