VIETNAM HELICOPTER PILOTS ASSOCIATION (EIN 860485542) - 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

1981

Legal Domicile

Principal Officer

FROSTY PRICE

Phone

8005058472

Tax Period

2024-01-01 to 2024-12-31

VIETNAM HELICOPTER PILOTS ASSOCIATION, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $395K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $515K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO MAINTAIN A DIRECTORY OF HELICOPTER PILOTS WHO FLEW IN THE VIETNAM WAR, TO HOLD AN ANNUAL REUNION FOR MEMBERS, TO PUBLISH A BI-MONTHLY NEWSLETTER FOR MEMBERS.

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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 $74,725

Program Service Revenue $255,180

Investment Income $54,888

Other Revenue $10,435

TOTAL REVENUE $395,228

Expense Breakdown

Grants Paid $44,327

Salaries & Benefits $121,063

Fundraising Expenses $0

Other Expenses $349,653

TOTAL EXPENSES $515,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$395,228	$455,773	-0.1%
Expenses	$515,043	$553,189	-0.1%
Net Income	$-119,815	$-97,416	+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

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
FROSTY PRICE	President	1.00	Officer Director	$0	$0	$0
JIM CRIGLER	Vice President	1.00	Officer Director	$0	$0	$0
DENNIS FAUCHER	MBR AT LRG	1.00	Officer Director	$0	$0	$0
PAT LEONE	JR MBR AT LARGE	1.00	Officer Director	$0	$0	$0
JOHN POWELL	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB HESSELBEIN	MD MBR AT LARGE	1.00	Officer Director	$0	$0	$0
JOHN SHAFER	SECR/TREAS	1.00	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
2024	$395,228	$515,043	$1,421,926	$-119,815
2023	$455,773	$553,189	$1,361,228	$-97,416
2022	$563,651	$523,785	$1,354,425	$39,866
2021	$522,867	$486,730	$1,757,409	$36,137
2020	$212,600	$306,565	$1,644,504	$-93,965
2019	$453,935	$565,161	$1,590,749	$-111,226
2018	$495,380	$625,034	$1,508,272	$-129,654

VIETNAM HELICOPTER PILOTS ASSOCIATION