PGM AVIATION INC (EIN 851648053) - 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

TERRY CARBONELL

Phone

8179754604

Tax Period

2023-01-01 to 2023-12-31

PGM AVIATION INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131K, a strong 51% operating margin.

Mission

TO RESTORE AND FLY HISTORIC AIRCRAFT AT AIRSHOWS AROUND THE COUNTRY TO HIGHLIGHT THE HISTORY AND SACRIFICE OF THE SERVICEMEN WHO FLEW AND SERVICED THEM.

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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 $255,571

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $255,571

Expense Breakdown

Grants Paid $2,320

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,218

Other Expenses $122,044

TOTAL EXPENSES $124,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,571	$171,375	+0.5%
Expenses	$124,364	$158,842	-0.2%
Net Income	$131,207	$12,533	+9.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDSON GARY CHENOWETH	PRESIDENT	4.00	Officer Director	$0	$0	$0
JR HOFFMAN	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
TERRY CARBONELL	TREASURER	20.00	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
2023	$255,571	$124,364	$155,841	$131,207

PGM AVIATION INC