Fredericksburg, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LANGLEY FLIGHT FOUNDATION, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $225K in total revenue in fiscal year 2023. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 50% operating margin.
The Foundations mission is to commemorate the life and accomplishments of Professor Samuel Pierpont Langley, with a major emphasis on his heavier than air sustained mechanical flights in Stafford County, Virginia, exhibit an exact replica of Langley's Aerodrome No. 5, the first aircraft to achieve heavier than air sustained mechanical flight, and original items from Langley's Smithsonian workshop, and conduct research, produce educational documentaries and sponsor outreach activities that will serve not only students of aviation history, but all audiences, and inspire people to foster an appreciation for the importance of flight to humanity through the creation of programs, events, and exhibitions to better engage and educate the public.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $54,160 | $225,373 | -0.8% |
| Expenses | $382,094 | $113,100 | +2.4% |
| Net Income | $-327,934 | $112,273 | -3.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Philip Christopher Hornung | President | 10 |
Officer
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$0 | $0 | $0 |
| Philip Edward Hornung | Vice President | 10 |
Officer
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$0 | $0 | $0 |
| Susan C Henderson | Secretary | 10 |
Officer
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$0 | $0 | $0 |
| Scott Alan Mayausky | Treasurer | 10 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $54,160 | $382,094 | $331,052 | $-327,934 |
| 2023 | $225,373 | $113,100 | $315,174 | $112,273 |
Compare LANGLEY FLIGHT FOUNDATION with other nonprofits in Virginia and across the country.