AIR INSTITUTE CORPORATION (EIN 845010885) - 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

2020

Legal Domicile

Principal Officer

BETH FLOWERS

Phone

3018982058

Tax Period

2024-07-01 to 2025-06-30

AIR INSTITUTE CORPORATION, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $118K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $148K exceeded revenue, resulting in a 26% operating deficit.

Mission

AIR PROVIDES RURAL AND UNDER-RESOURCED COMMUNITIES WITH PROGRAMMING THAT INSPIRES NEW CONNECTIONS AND IGNITES THE CREATIVE ECONOMY. CREATIVE PEOPLE EXPAND BUSINESS SKILLS, BUSINESSPEOPLE GET MORE CREATIVE; THEY LEARN TO COLLABORATE, ADAPT, AND THRIVE TOGETHER.

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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 $88,500

Program Service Revenue $29,265

Investment Income $0

Other Revenue $0

TOTAL REVENUE $117,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,804

Fundraising Expenses $0

Program Expenses $123,366

Other Expenses $42,553

TOTAL EXPENSES $148,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,765	$295,900	-0.6%
Expenses	$148,357	$187,831	-0.2%
Net Income	$-30,592	$108,069	-1.3%

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

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN NEWCOMB	PRESIDENT	1.00	Officer Director	$0	$0	$0
DELANEY KEATING	TREASURER	1.00	Director	$0	$0	$0
JIM GRACE	SECRETARY	1.00	Officer Director	$0	$0	$0
BETH FLOWERS	EXECUTIVE DIRECTOR	40.00	Officer	$100,000	$0	$100,000

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	$117,765	$148,357	$98,423	$-30,592
2024	No data	No data	No data	No data
2023	$136,650	$279,198	$43,385	$-142,548
2022	$273,475	$259,187	$164,694	$14,288

AIR INSTITUTE CORPORATION