LEADING EDGE FLYING CLUB NFP (EIN 870767366) - 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

2006

Legal Domicile

Principal Officer

MARC EPNER

Phone

3123176769

Tax Period

2024-01-01 to 2024-12-31

LEADING EDGE FLYING CLUB NFP, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $271K in total revenue in fiscal year 2018. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

OPERATION OF A FLYING CLUB IN THE CHICAGO ILLINOIS AREA DEDICATED TO THE EDUCATION OF MEMBERS AND OTHERS IN THE CHICAGO AREA; TO PROMOTE GENERAL AVIATION IN THE CHICAGO AREA; AND TO PROMOTE SOCIAL ACTIVITIES BETWEEN 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 $37,650

Program Service Revenue $300,669

Investment Income $0

Other Revenue $7,452

TOTAL REVENUE $345,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $325,653

Other Expenses $341,782

TOTAL EXPENSES $341,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$345,771	$437,349	-0.2%
Expenses	$341,782	$455,743	-0.3%
Net Income	$3,989	$-18,394	-1.2%

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

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
AL CARRINO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MARC EPNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KARL FINK	DIRECTOR	1.00	Director	$0	$0	$0
ALAN GREDELL	TREASURER	2.00	Officer Director	$0	$0	$0
JIM KRIEGER	DIRECTOR	1.00	Director	$0	$0	$0
RALPH LICARI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PATTYN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
JORGE VELEZ	SECRETARY	2.00	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	$345,771	$341,782	$41,899	$3,989
2023	$437,349	$455,743	$33,586	$-18,394
2022	$417,933	$425,993	$46,880	$-8,060
2021	$356,038	$358,718	$52,523	$-2,680
2020	$307,490	$296,928	$61,877	$10,562
2019	$257,663	$245,221	$51,408	$12,442
2018	$271,188	$289,912	$48,507	$-18,724

LEADING EDGE FLYING CLUB NFP