RISING AVIATION HIGH SCHOOL INC MEEHAN (EIN 850969928) - 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

PATRICK SCOTT MEEHAN

Tax Period

2023-01-01 to 2023-12-31

RISING AVIATION HIGH SCHOOL INC MEEHAN, founded in 2020, is a small nonprofit in the Education sector that reported $846K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $996K exceeded revenue, resulting in a 18% operating deficit.

Mission

EDUCATE. AVIATE. GRADUATE. RISING AVIATION WILL EDUATE STUDENTS WHO HAVE CAREER ASPIRATIONS IN AVIATION, WISH TO EXPAND THEIR AVATION INDUSTRY SKILL SET, OR SIMPLY WANT A CHALLENDING STEAM EDUCATIONAL EXPERIENCE THAT WILL PROVIDE A SOLID FOUNDATION FOR VIRTUALLY ANY FUTURE ACADEMIC OR CAREER PURSUIT. INDIVIDUALS WHO REQUIRE AN ACCELERATED EDUCATION SCHEDULE, FLEXIBILITY TO MAINTAIN ATTENDANCE, HELP WITH CREDIT RECOVERY, OR SIMPLY DESIRE AN IMMERSIVE LEARNING EXPERIENCE, WILL ALL RECEIVE A PERSONALIZED EDUCATIONAL "FLIGHT" PLAN THAT IS DESIGNED FOR THEIR SUCCESS WITH A FUTURE IN AVIATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $672,000

Program Service Revenue $174,058

Investment Income $0

Other Revenue $0

TOTAL REVENUE $846,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $953,651

Other Expenses $996,027

TOTAL EXPENSES $996,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$846,058	$960,547	-0.1%
Expenses	$996,027	$1,153,276	-0.1%
Net Income	$-149,969	$-192,729	-0.2%

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

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
PATRICK SCOTT MEEHAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JASON COKER	SECRETARY	N/A	Officer Director	$0	$0	$0
CHRISTOPHER MEEHAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JAMES MEEHAN	TREASURER	N/A	Officer 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	No data	No data	No data	No data
2023	$846,058	$996,027	$191,879	$-149,969
2022	$960,547	$1,153,276	$279,602	$-192,729
2021	$217,473	$206,047	$243,421	$11,426

RISING AVIATION HIGH SCHOOL INC MEEHAN