FUTURE AVIATORS CHARITABLE FOUNDATION INC

EIN: 883224467 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$206,952
Total Expenses
$2,658
Total Assets
$683,099
Net Assets
$683,099
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
IN
Principal Officer
SCOTT HORNBACK
Phone
3174846023
Tax Period
2024-01-01 to 2024-12-31

FUTURE AVIATORS CHARITABLE FOUNDATION INC, founded in 2022, is a small nonprofit in the Education sector that reported $207K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $204K, a strong 99% operating margin.

Mission

OUR MISSION IS TWOFOLD: GIVE THOSE IN NEED AN OPPORTUNITY TO BEGIN A CAREER AS A COMMERCIAL AIRLINE PILOT AND EDUCATE YOUNG ADULTS ON THE MANY OPPORTUNITIES THE FIELD OF AVIATION HAS TO OFFER.

Program Service Accomplishments

Program 1

OUR MISSION IS TWOFOLD: GIVE THOSE IN NEED AN OPPORTUNITY TO BEGIN A CAREER AS A COMMERCIAL AIRLINE PILOT AND EDUCATE YOUNG ADULTS ON THE MANY OPPORTUNITIES THE FIELD OF AVIATION HAS TO OFFER...

Read more

OUR MISSION IS TWOFOLD: GIVE THOSE IN NEED AN OPPORTUNITY TO BEGIN A CAREER AS A COMMERCIAL AIRLINE PILOT AND EDUCATE YOUNG ADULTS ON THE MANY OPPORTUNITIES THE FIELD OF AVIATION HAS TO OFFER. ACCORDING TO THE BOEING PILOT AND TECHNICIAN OUTLOOK, 763,000 PILOTS AND TECHNICIANS ARE NEEDED BY THE YEAR 2039 TO FLY AND MAINTAIN THE GLOBAL FLEET. FACF IS HOPING TO SHOW THAT AVIATION CAN BE FOR ALL, NOT JUST A FEW, AND THAT WE CAN EXPAND THE POOL OF TALENTED AVIATION PROFESSIONALS IN OUR INDUSTRY. WE'RE LOOKING FOR DONORS WITH KIND HEARTS AND A LOVE OF FLYING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $200,026
Program Service Revenue $0
Investment Income $6,926
Other Revenue $0
TOTAL REVENUE $206,952

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,658
TOTAL EXPENSES $2,658

Year-over-Year Comparison

2024 2023 Change
Revenue $206,952 $512,607 -0.6%
Expenses $2,658 $33,802 -0.9%
Net Income $204,294 $478,805 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH ALLMAN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHAD PULLEY PRESIDENT 2.00
Officer Director
$0 $0 $0
TERESA GRIFFIN SECRETARY 2.00
Officer Director
$0 $0 $0
SCOTT HORNBACK TREASURER 2.00
Officer Director
$0 $0 $0
ELIZABETH MOTTLEY DIRECTOR 2.00
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
2024 $206,952 $2,658 $683,099 $204,294
2023 $512,607 $33,802 $478,805 $478,805
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FUTURE AVIATORS CHARITABLE FOUNDATION INC with other nonprofits in Indiana and across the country.