KENTUCKY PILOTS ASSOCIATION EDUCATION FOUNDATION INC

EIN: 842892557 501(c)(3) Education

COXS CREEK, KY

Total Revenue
$515,105
Total Expenses
$216,402
Total Assets
$1,739,774
Net Assets
$1,579,774
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
KY
Principal Officer
DUSTAN E MCCOY
Phone
5022032368
Tax Period
2024-01-01 to 2024-12-31

KENTUCKY PILOTS ASSOCIATION EDUCATION FOUNDATION INC, founded in 2020, is a small nonprofit in the Education sector that reported $515K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $299K, a strong 58% operating margin.

Mission

THIS ORGAINZATION WAS FORMED TO ORGANIZE, PROMOTE, FOSTER, ASSIST AND MANAGE EDUCATION OPPORTUNITIES FOR YOUNG PERSONS IN THE FIELD OF AVIATION; PROVIDE FLIGHT AND AIRCRAFT MECHANIC TRAINING OPPORTUNITIES FOR YOUNG PERSONS THROUGH SCHOLARSHIPS, PARTNERTSHIPS WITH PUBLIC AND PRIVATE SCHOOLS, MANAGED OR OWNED FLIGHT SCHOOLS, GRANTS, GIFTS AND OTHER METHODS: BUILD, BUY OR SELL NEW OR USED AIRCRAFT TO BE USED IN AVIATION EDUCATION AND TRAINING OPPORTUNITIES; AND ORGANIZE, PROMOTE, FOSTER, ASSIST AND CONDUCT SUCH CHARITABLE, SCIENTIFIC,LITERARY AND EDUCATIONAL ENTERPRISES, ACTIVITIES AND INSTITUTIONS AS FROM TIME TO TIME MAY BE DETERTMINED, SELECTED OR DECIDED UPON BY THE CORPORATION'S BOARD OF DIRECTORS CONSISTENT WITH THE PURPOSE STATED ABOVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $515,000
Program Service Revenue $105
Investment Income $0
Other Revenue $0
TOTAL REVENUE $515,105

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $216,402
Other Expenses $35,831
TOTAL EXPENSES $216,402

Year-over-Year Comparison

2024 2023 Change
Revenue $515,105 $750,250 -0.3%
Expenses $216,402 $202,405 +0.1%
Net Income $298,703 $547,845 -0.5%
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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Governance

Voting Members
4
Independent Members
4
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DUSTAN E MCCOY PRESDIENT N/A
Director
$0 $0 $0
EVA HAGERMAN TREASURER N/A
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 $515,105 $216,402 $1,739,774 $298,703
2023 $750,250 $202,405 $1,341,071 $547,845
2022 $704,901 $168,446 $793,226 $536,455
2021 $50,151 $55,558 $256,771 $-5,407
2020 $223,594 $21,416 $262,178 $202,178
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