TOPFLIGHT AVIATION 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

2019

Legal Domicile

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

Social Flight Club to contribute to the general aviation marketplace and support local community airports

Program Service Accomplishments

Program 1

The organizations mission is to promote general aviation and local airports throughout middle TN and the US through the use of Club planes in a cost effective sharing platform with members.

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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 (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

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
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