Flight School Inc (EIN 934462586) - 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

Chalon Bridges

Phone

5105084757

Tax Period

2024-07-01 to 2025-06-30

Flight School Inc, founded in 2023, is a small nonprofit in the Education sector that reported $742K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum.

Mission

The flight school is creating a model for a new rite of passage into adulthood for 18-year-olds around the world. It aims to create a movement that will scale to the size of a generation so emerging adults are equipped to build a more hopeful and humane future.

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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 $739,000

Program Service Revenue $0

Investment Income $0

Other Revenue $3,097

TOTAL REVENUE $742,097

Expense Breakdown

Grants Paid $181,117

Salaries & Benefits $0

Fundraising Expenses $216,093

Program Expenses $494,639

Other Expenses $590,255

TOTAL EXPENSES $771,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$742,097	$392,254	+0.9%
Expenses	$771,372	$164,083	+3.7%
Net Income	$-29,275	$228,171	-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

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
Abigail Falik	President & CEO	40.00	Officer Director	$0	$0	$0
Aarthi Belani	Secretary	0.10	Officer Director	$0	$0	$0
Katy Dybwad	Treasurer	0.10	Officer Director	$0	$0	$0
Chalon Bridges CXO	COO	40.00	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	$742,097	$771,372	$227,356	$-29,275
2024	$392,254	$164,083	$230,638	$228,171

Flight School Inc