Flabob Aviation Associates (EIN 861122986) - 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

2004

Legal Domicile

Principal Officer

Jon Goldenbaum

Phone

9512030190

Tax Period

2019-01-01 to 2019-12-31

Flabob Aviation Associates, founded in 2004, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $75K in total revenue in fiscal year 2019. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $207K exceeded revenue, resulting in a 177% operating deficit.

Mission

Aviation education for youth

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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 (2019)

Revenue Breakdown

Contributions & Grants $75,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,935

Other Expenses $207,410

TOTAL EXPENSES $207,410

Year-over-Year Comparison

	2019	2018	Change
Revenue	$75,000	$292,394	-0.7%
Expenses	$207,410	$220,954	-0.1%
Net Income	$-132,410	$71,440	-2.9%

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
Jon Goldenbaum	President	2.00	Director	$0	$0	$0
Kevin McKenzie	Secretary	2.00	Director	$0	$0	$0
Bob Tymczyszyn	Treasurer	2.00	Director	$0	$0	$0
Darrell Straube	Board Member	1.00	Director	$0	$0	$0
Joe Fisher	Board Member	1.00	Director	$0	$0	$0
John Tymczyszyn	Board Member	1.00	Director	$0	$0	$0
Bill Tymczyszyn	Board Member	1.00	Director	$0	$0	$0
Granger Haugh	Board Member	1.00	Director	$0	$0	$0
Kenneth Brown	Board Member	1.00	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
2019	$75,000	$207,410	$246,044	$-132,410
2018	$292,394	$220,954	$378,454	$71,440

Flabob Aviation Associates