CLASSIC LEAR JET FOUNDATION (EIN 920413346) - 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

William Kinkaid

Phone

3166172226

Tax Period

2023-01-01 to 2023-12-31

CLASSIC LEAR JET FOUNDATION, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $219K in total revenue in fiscal year 2023. Revenue surged 448% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 23% operating margin.

Mission

To preserve and operate the Lear Jet aircraft 23-003.

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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 (2023)

Revenue Breakdown

Contributions & Grants $218,557

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $218,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $51,127

Program Expenses $106,274

Other Expenses $168,856

TOTAL EXPENSES $168,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,557	$39,884	+4.5%
Expenses	$168,856	N/A	N/A
Net Income	$49,701	$39,884	+0.2%

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

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
Richard Kovich	Director at Large	5	Director	$0	$0	$0
Woody Cottner	Director at Large	5	Director	$0	$0	$0
Ron Forshee	Director at Large	5	Director	$0	$0	$0
Mark Zerener	Director at Large	5	Director	$0	$0	$0
Chris Zalusky	Director at Large	5	Director	$0	$0	$0
William Kinkaid	Board President	10	Officer	$0	$0	$0
Tim Walker	Board Treasurer	10	Officer	$0	$0	$0
Christopher Marshall	Board Secretary	5	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
2023	$218,557	$168,856	$190,852	$49,701

CLASSIC LEAR JET FOUNDATION