AIR SPACERS INC (EIN 952599720) - 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

1958

Legal Domicile

Principal Officer

MATT SCHULTZ

Phone

4248351585

Tax Period

2024-01-01 to 2024-12-31

AIR SPACERS INC, founded in 1958, is a small nonprofit that reported $347K in total revenue in fiscal year 2024. The organization ran a surplus of $107K, a strong 31% operating margin.

Mission

NOT FOR PROFIT AIRCRAFT FLYING CLUB.

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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 $347,408

Investment Income $13

Other Revenue $0

TOTAL REVENUE $347,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $240,502

TOTAL EXPENSES $240,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,421	$351,812	0.0%
Expenses	$240,502	$337,475	-0.3%
Net Income	$106,919	$14,337	+6.5%

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
MATT SCHULTZ	President	3.00	Officer	$0	$0	$0
NATE SIAHPUSH	Vice President	3.00	Officer	$0	$0	$0
ARI LEVINE	Secretary	3.00	Officer	$0	$0	$0
ALON HACOHEN	Treasurer	5.00	Officer	$0	$0	$0
KRISTINE MAINE	SAFETY CHAIRMAN	3.00	Officer	$0	$0	$0
ISHAN SHAH	MAINT CHAIRMAN	5.00	Officer	$0	$0	$0
ROSALIND READ	MEMBER CHAIR	3.00	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	$347,421	$240,502	$1,078,462	$106,919
2023	$351,812	$337,475	$945,293	$14,337
2022	$350,185	$281,450	$932,833	$68,735
2021	$360,043	$307,911	$887,269	$52,132
2020	$338,550	$340,688	$681,150	$-2,138
2019	$298,238	$261,346	$533,556	$36,892
2018	$240,809	$248,741	$528,067	$-7,932

AIR SPACERS INC