FOUNDATION FOR FREE FLIGHT (EIN 841132636) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

STEVE KROOP

Phone

5168161333

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR FREE FLIGHT, founded in 1987, is a small nonprofit in the Recreation & Sports sector that reported $114K in total revenue in fiscal year 2024. The organization ran a surplus of $33K, a strong 29% operating margin.

Mission

FOUNDATION FOR FREE FLIGHT IS A PUBLIC CHARITABLE FOUNDATION STAFFED BY UNPAID VOLUNTEERS DEDICATEDTO THE PRESERVATION OF HAND GLIDING AND PARAGLIDING IN THE UNITED STATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $57,243

Program Service Revenue $38,033

Investment Income $18,413

Other Revenue $0

TOTAL REVENUE $113,689

Expense Breakdown

Grants Paid $22,790

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,790

Other Expenses $57,512

TOTAL EXPENSES $80,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,689	$118,515	0.0%
Expenses	$80,302	$86,868	-0.1%
Net Income	$33,387	$31,647	+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

N/A

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
BILL BOLOSKY	TRUSTEE	1.00	Director	$0	$0	$0
MARK FORBES	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL BELCOURT	TRUSTEE	1.00	Director	$0	$0	$0
JIM KOLYNICH	TREASURER	1.00	Officer Director	$0	$0	$0
JERRY KELLER	TRUSTEE	1.00	Director	$0	$0	$0
DOUG SHARPE	TRUSTEE	1.00	Director	$0	$0	$0
KEN GRUBBS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FISCHBACH	TRUSTEE	1.00	Director	$0	$0	$0
STEVE KROOP	PRESIDENT	2.00	Officer	$0	$0	$0
RANDY LEGGETT	VICE PRESIDENT	1.00	Officer	$0	$0	$0
NICK GREECE	EXECUTIVE DIRECTOR	2.00	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
2024	$113,689	$80,302	$1,428,670	$33,387
2023	$118,515	$86,868	$1,311,614	$31,647
2022	$81,517	$63,347	$1,123,965	$18,170
2021	$100,078	$64,526	$1,281,775	$35,552
2021	$100,078	$76,343	$1,281,775	$23,735
2020	$112,208	$42,269	$1,159,262	$69,939
2019	$179,023	$122,065	$1,054,138	$56,958
2018	$142,004	$76,662	$946,234	$65,342

FOUNDATION FOR FREE FLIGHT