CHEYENNE REGIONAL AIR SERVICE FOCU… - Form 990 Financial Data

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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

STEVE REYNOLDS

Phone

3077730528

Tax Period

2023-10-01 to 2024-09-30

CHEYENNE REGIONAL AIR SERVICE FOCUS TEAM, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

To pursue additional resources to help with the marketing and promotion offlights from and to Cheyenne Regional Airport; educate the public andpublic officials about the economic benefits that air service and the newairport terminal will bring to Cheyenne and the region.

Program Service Accomplishments

Program 1

Expenses: $1,486,113

The organization will apply for grants and solicit private donations tocoordinate efforts to enhance high quality, reliable andcompetitively priced Air Service for Laramie County and the...

The organization will apply for grants and solicit private donations tocoordinate efforts to enhance high quality, reliable andcompetitively priced Air Service for Laramie County and the GreaterCheyenne Area. To attract an airline to the region, the organization willguarantee the number of paid seats per flight.

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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 $1,466,415

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,466,415

Expense Breakdown

Grants Paid $1,466,415

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,486,113

Other Expenses $19,698

TOTAL EXPENSES $1,486,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,466,415	$2,040,668	-0.3%
Expenses	$1,486,113	$2,058,687	-0.3%
Net Income	$-19,698	$-18,019	+0.1%

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

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
WENDY VOLK	Chairman	0.25	Officer Director	$0	$0	$0
DON ERICKSON	VICE CHAIR	0.25	Officer Director	$0	$0	$0
LORI SCHOENE	Secretary	0.25	Officer Director	$0	$0	$0
BETSEY HALE	Member	0.25	Director	$0	$0	$0
JAMES P WILKINSON	MEMBER	0.25	Director	$0	$0	$0
STEVE REYNOLDS	Treasurer	0.25	Officer Director	$0	$0	$0
DOMENIC BRAVO	MEMBER	0.25	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	$1,466,415	$1,486,113	$20,757	$-19,698
2023	$2,040,668	$2,058,687	$40,455	$-18,019
2022	$1,216,688	$1,195,938	$58,474	$20,750
2021	$524,265	$522,357	$37,724	$1,908
2020	$1,119,235	$1,088,052	$35,816	$31,183
2019	$1,654,788	$1,700,390	$4,633	$-45,602

CHEYENNE REGIONAL AIR SERVICE FOCUS TEAM