Citation Jet Pilots Safety & Education Foundation Inc

EIN: 822883816 501(c)(3) Education

ORLANDO, FL

Total Revenue
$810,004
Total Expenses
$1,344,787
Total Assets
$509,347
Net Assets
$509,347
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
FL
Principal Officer
John Springthorpe
Phone
8887372572
Tax Period
2024-01-01 to 2024-12-31

Citation Jet Pilots Safety & Education Foundation Inc, founded in 2017, is a small nonprofit in the Education sector that reported $810K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 66% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED AND SHALL OPERATE EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, SCIENTIFIC OR LITERARY PURPOSES, OR ANY COMBINATION OF THE FOREGOING, INCLUDING WITHOUT LIMITATION: 1. TO PROMOTE FLIGHT SAFETY FOR PILOTS OF TURBOFAN POWERED AIRCRAFT BEARING THE TEXTRON AVIATION (INCLUDING ANY SUCCESSOR THERETO) BRAND "CITATION". 2. TO CONTRIBUTE TO THE POSITIVE FUTURE OF AVIATION THROUGH SELECTED EDUCATIONAL SCHOLARSHIPS, INCLUDING SPECIFICALLY AVIATION EDUCATION SCHOLARSHIPS FOR STUDENTS SEEKING AN AVIATION DEGREE. 3. TO ORGANIZE AND SUPPORT CITATION OWNER, PILOT AND CREW SAFETY SEMINARS. 4. TO HOST OR SPONSOR AN ANNUAL CITATION JET PILOT SAFETY STAND DOWN AND DISTRIBUTE CITATION SAFETY CONTENT THROUGH THE CITATION JET PILOT QUARTERLY PUBLICATION CJP RIGHT SEAT, OR OTHER SIMILAR PUBLICATIONS, AND AT EVENTS THROUGHOUT THE YEAR. 5. TO RESEARCH THE HISTORY OF AND ONGOING SAFETY ISSUES AFFECTING CITATION OPERATIONS AND DEVELOP AND PROMOTE RECOMMENDED SOLUTIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,286,154
Program Service Revenue $0
Investment Income $13,071
Other Revenue $-489,221
TOTAL REVENUE $810,004

Expense Breakdown

Grants Paid $1,107,784
Salaries & Benefits $72,000
Fundraising Expenses $0
Program Expenses $1,237,895
Other Expenses $165,003
TOTAL EXPENSES $1,344,787

Year-over-Year Comparison

2024 2023 Change
Revenue $810,004 $1,262,917 -0.4%
Expenses $1,344,787 $527,876 +1.5%
Net Income $-534,783 $735,041 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
N/A
Volunteers
7

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
5
$441,568
Total Directors
9
$72,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roberto A Balzano CEO 15.0
Officer
$0 $0 $441,568
Elizabeth A Nixon special project manager 8.0
Highest
$0 $0 $115,850
CHARLIE PRECOURT DIRECTOR 4.0
Director
$72,000 $0 $72,000
Randy Broiles Chair EMERITUS DIRECTOR 4.0
Officer Director
$0 $0 $0
Mitch Januszewski CHAIR DIRECTOR 8.0
Officer Director
$0 $0 $0
BLAKE CURD VICE CHAIR DIRECTOR 4.0
Officer Director
$0 $0 $0
John Springthorpe Treasurer 4.0
Officer Director
$0 $0 $0
Brian Moore Industry Director 2.0
Director
$0 $0 $0
Rosa Lee Argotsinger Industry Director 2.0
Director
$0 $0 $0
TOM Abood director 4.0
Director
$0 $0 $0
STUART FRED DIRECTOR 4.0
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 $810,004 $1,344,787 $509,347 $-534,783
2023 $1,262,917 $527,876 $1,044,130 $735,041
2022 $550,767 $556,226 $309,089 $-5,459
2021 $637,068 $584,556 $314,548 $52,512
2020 $438,504 $352,672 $262,036 $85,832
2019 $396,935 $359,089 $176,204 $37,846
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