FOUNDATION FOR FREE FLIGHT

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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

2025-01-01 to 2025-12-31

FOUNDATION FOR FREE FLIGHT, founded in 1987, is a small nonprofit in the Recreation & Sports sector that reported $148K in total revenue in fiscal year 2025. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 44% 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.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $38,042

SITE PRESERVATION - TO PRESERVE FLYING SITES FOR FUTURE GENERATIONS AND TO SUPPORT, ENCOURAGE, ANDASSIST IN THE PROTECTION AND ACCESS TO OPEN SPACES FOR HAND GLIDING AND PARAGLIDING ACTIVITIES.

Program 2

Expenses: $26,023 Revenue: $13,279

COMPETITION EXCELLENCE - ENCOURGE AND ASSIST PARTICIPATION IN WORLD TEAM AND NATIONAL COMPETITIONS.

Program 3

Expenses: $500 Revenue: $2,097

SAFETY AND EDUCATION - TO FUND ADVANCEMENTS IN SAFETY AND DEVELOPMENT OF EDUCATIONAL PROGRAMS.

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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 $77,801

Program Service Revenue $53,418

Investment Income $16,873

Other Revenue $0

TOTAL REVENUE $148,092

Expense Breakdown

Grants Paid $26,523

Salaries & Benefits $40,000

Fundraising Expenses $0

Program Expenses $26,523

Other Expenses $15,829

TOTAL EXPENSES $82,352

Year-over-Year Comparison

	2025	2024	Change
Revenue	$148,092	$113,689	+0.3%
Expenses	$82,352	$80,302	+0.0%
Net Income	$65,740	$33,387	+1.0%

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

$40,000

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	$40,000	$0	$40,000

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
2025	$148,092	$82,352	$1,605,555	$65,740
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