LET EXPERIENCED PILOTS FLY INC (EIN 921913907) - 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

2023

Legal Domicile

Principal Officer

BARRY KENDRICK PRESIDENT

Phone

8305079264

Tax Period

2024-01-01 to 2024-12-31

LET EXPERIENCED PILOTS FLY INC, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $353K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

FOR AND TO THE PROMOGULATION OF CURRENT AND FUTURE U.S. PART 121 AIRLINE PILOTS, THE ABILITY TO CONTINUE THEIR FLYING CAREERS BEYOND THE MANDATORY RETIREMENT AGE OF 65.

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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 $0

Program Service Revenue $352,872

Investment Income $0

Other Revenue $0

TOTAL REVENUE $352,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $355,280

Other Expenses $358,948

TOTAL EXPENSES $358,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$352,872	$301,692	+0.2%
Expenses	$358,948	$195,316	+0.8%
Net Income	$-6,076	$106,376	-1.1%

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

100

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
JAYSON BARON	TREASURER DIRECTOR	10.00	Officer	$0	$0	$0
BARRY KENDRICK	PRESIDENT DIRECTOR	10.00	Officer	$0	$0	$0
JEFFREY ELLIS	EVP DIRECTOR	10.00	Officer	$0	$0	$0
BRIAN BRACKEEN	DIRECTOR	10.00	Officer	$0	$0	$0
MARK FACEY	DIRECTOR	10.00	Officer	$0	$0	$0
CHRISTINA HALLI	DIRECTOR	10.00	Officer	$0	$0	$0
CARLOS RODRIGUEZ	DIRECTOR	10.00	Officer	$0	$0	$0
JON RUSSELL	DIRECTOR	10.00	Officer	$0	$0	$0
LAURI-ELLEN SMITH	CORPORATE SECRETARY DIRECTOR	10.00	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
2024	$352,872	$358,948	$100,301	$-6,076
2023	$301,692	$195,316	$106,376	$106,376

LET EXPERIENCED PILOTS FLY INC