BAKALAR FLYING CLUB 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

2017

Legal Domicile

Principal Officer

Kyle Smith

Phone

8123449512

Tax Period

2022-01-01 to 2022-12-31

BAKALAR FLYING CLUB INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $143K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 34% operating margin.

Mission

PROVIDE AVIATION RECREATION and EDUCATION

Program Service Accomplishments

Program 1

Expenses: $94,037 Revenue: $105,914

Our members flew approximately 450 hours during 2022

Program 2

Several members achieved initial or additional aircraft ratings following FAA required training activities

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $105,914

Investment Income $36,679

Other Revenue $0

TOTAL REVENUE $142,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,037

Other Expenses $94,037

TOTAL EXPENSES $94,037

Year-over-Year Comparison

	2022	2021	Change
Revenue	$142,593	$113,045	+0.3%
Expenses	$94,037	$112,308	-0.2%
Net Income	$48,556	$737	+64.9%

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

N/A

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
Kyle Smith	President/Maintenance Director	3	Officer	$0	$0	$0
Eric Bradley	Vice President	1	Officer	$0	$0	$0
Jim Olmstead	Secretary	1	Officer	$0	$0	$0
Aaron Moorman	Treasurer	2	Officer	$0	$0	$0
Bill Reid	Interim Maintenance Director	1	Officer	$0	$0	$0
Brad Moore	President	2		$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
2022	$142,593	$94,037	$201,681	$48,556