TOPFLIGHT AVIATION INC

EIN: 834140967 Recreation & Sports

Franklin, TN

Total Revenue
$166,713
Total Expenses
$236,057
Total Assets
$998,394
Net Assets
$450,529
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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
2019
Legal Domicile
TN
Principal Officer
Peter Miller
Phone
7209341748
Tax Period
2025-03-01 to 2026-02-28

TOPFLIGHT AVIATION INC, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $167K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $236K exceeded revenue, resulting in a 42% operating deficit.

Mission

Aviation Flying Club for Members only

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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 (2025)

Revenue Breakdown

Contributions & Grants $166,713
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $166,713

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $236,057
TOTAL EXPENSES $236,057

Year-over-Year Comparison

2025 2024 Change
Revenue $166,713 $206,427 -0.2%
Expenses $236,057 $150,751 +0.6%
Net Income $-69,344 $55,676 -2.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
19

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter Miller President 10
Officer
$0 $0 $0
Steven Spiehler Treasurer 8
Officer
$0 $0 $0
Cooper Magli Secretary 5
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
2026 $166,713 $236,057 $998,394 $-69,344
2025 $206,427 $150,751 $1,114,530 $55,676
2024 $175,621 $227,535 $1,057,942 $-51,914
2023 $225,961 $244,741 $1,051,000 $-18,780
2022 $214,044 $272,171 $1,144,710 $-58,127
2021 $204,225 $177,617 $1,037,617 $26,608
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