SOARING SOCIETY OF AMERICA INC (EIN 951932120) - 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

1935

Legal Domicile

Principal Officer

DENISE LAYTON

Phone

5753921177

Tax Period

2024-01-01 to 2024-12-31

SOARING SOCIETY OF AMERICA INC, founded in 1935, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROMOTE ALL PHASES OF THE SPORT OF SOARING, NATIONALLY AND INTERNATIONALLY.

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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 $1,146,557

Program Service Revenue $123,070

Investment Income $883

Other Revenue $20,852

TOTAL REVENUE $1,291,362

Expense Breakdown

Grants Paid $64,615

Salaries & Benefits $337,945

Fundraising Expenses $0

Program Expenses $1,135,192

Other Expenses $1,113,121

TOTAL EXPENSES $1,515,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,291,362	$1,319,705	0.0%
Expenses	$1,515,681	$1,407,152	+0.1%
Net Income	$-224,319	$-87,447	+1.6%

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

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

$143,772

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE SHAKMAN	CHAIR	2.00	Officer Director	$0	$0	$0
GEOFF WECK	1ST VICE CHAIR	2.00	Officer Director	$0	$0	$0
FRANK WHITELEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAVID HART	VICE CHAIR/TREASURER	2.00	Officer Director	$0	$0	$0
KEN SORENSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JIM GARRISON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
WALT ROGERS	SECRETARY	2.00	Officer Director	$0	$0	$0
BERNALD SMITH	HONORARY VICE CHAIR	2.00	Director	$0	$0	$0
LINDA EVENSKI	DIRECTOR	2.00	Director	$0	$0	$0
PHILLIP DUPLESSIS	DIRECTOR	2.00	Director	$0	$0	$0
HARTLEY FALBAUM	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS SCHRADER	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG FUNSTON	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN KELTIE	DIRECTOR	2.00	Director	$0	$0	$0
RICH CARLSON	DIRECTOR	2.00	Director	$2,500	$0	$2,500
RICK HOFFMAN	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
PETE ALEXANDER	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
RICHARD ANDREWS	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
MICHAEL PRICE	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
DENISE LAYTON	EXECUTIVE DIRECTOR	40.00	Officer	$134,639	$9,133	$143,772

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	$1,291,362	$1,515,681	$563,374	$-224,319
2023	$1,319,705	$1,407,152	$748,655	$-87,447
2022	$1,053,370	$1,091,459	$929,683	$-38,089
2021	$2,333,343	$1,068,277	$7,850,356	$1,265,066
2019	$1,580,262	$1,286,275	$5,081,340	$293,987
2018	$1,594,912	$1,475,054	$4,196,985	$119,858

SOARING SOCIETY OF AMERICA INC