LEGACY AVIATION LEARNING CENTER (EIN 882842581) - 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

2022

Legal Domicile

Principal Officer

DAN JONKHOFF

Phone

2316007626

Tax Period

2025-01-01 to 2025-05-31

LEGACY AVIATION LEARNING CENTER, founded in 2022, is a small nonprofit in the Education sector that reported $149K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $689K exceeded revenue, resulting in a 363% operating deficit.

Mission

LEGACY AVIATION LEARNING CENTER IS PRIMARILY ORGANIZED TO OPERATE A FAA CERTIFIED PART 147 AIRCRAFT MECHANIC TECHNICIAN SCHOOL (AMTS) AND SERVE THE GENERAL AVIATION COMMUNITY AS A HUB FOR CONTINUING EDUCATION; SPONSORING THE EXPERIMENTAL AIRCRAFT ASSOCIATION (EAA), EAA YOUNG EAGLES, AND THE CIVIL AIR PATROL (CAP). LEGACY AVIATION WAS CREATED TO BE A WORLD-CLASS AMT SCHOOL.

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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 $29,880

Program Service Revenue $104,875

Investment Income $383

Other Revenue $13,638

TOTAL REVENUE $148,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,037

Fundraising Expenses $32,004

Program Expenses $529,537

Other Expenses $368,784

TOTAL EXPENSES $688,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,776	$1,214,286	-0.9%
Expenses	$688,821	$1,272,678	-0.5%
Net Income	$-540,045	$-58,392	+8.2%

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

$62,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER LANE	CEO	40.00	Officer	$62,500	$0	$62,500
BILL ARCHER	DIRECTOR	5.00	Director	$0	$0	$0
DAVE CLOUTIER	DIRECTOR	5.00	Director	$0	$0	$0
BILL DONBERG	DIRECTOR	5.00	Director	$0	$0	$0
DR SEAN GALLAGAN	DIRECTOR	5.00	Director	$0	$0	$0
TIM KISSEL	DIRECTOR	5.00	Director	$0	$0	$0
TODD TETZLAFF	DIRECTOR	5.00	Director	$0	$0	$0
MATT GOLBA	VICE CHAIRMA	5.00	Officer	$0	$0	$0
DAN JONKHOFF	CHAIRMAN	5.00	Officer	$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
2025	$148,776	$688,821	$315,588	$-540,045
2024	No data	No data	No data	No data
2023	$760,239	$820,346	$322,663	$-60,107

LEGACY AVIATION LEARNING CENTER