Cape Fear Flying Association Inc

Nonprofit profile at a glance

EIN
933772403
IRS 990 coverage
2024–2025
Forms available
Form 990 2025
Location
Wilmington, NC, USA
Phone
8014727573
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$420,703
Expenses
$393,196
Assets
$34,470
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Parker Borget (President)

Highest reported compensation

  • Parker Borget (President): $38,400 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to provide a venue for members to participate in their collective passion for aviation and flight by providing members with safe, modern, technically advanced, and well maintained aircraft to fly. In addition, the organization will provide opportunities to advance members' knowledge, safety and piloting skills while encouraging club membership interaction with the general aviation community.

What it reported doing in 2025

The Aircraft Flying program provides members with safe, modern, technically advanced, and well maintained aircraft to advance members' knowledge, safety, and piloting skills. This program is located at Modern Aviation FBO at Wilmington International Airport (ILM). Modern Aviation is a full-service, state of the art FBO with over 10 acres of ramp space. The program currently has 4 aircraft available for use.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 92
  • Accountability: 63
  • Sustainability: 38
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80%; rating input score 80
  • Program expense ratio: 85.6%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 6.5%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 9.8%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: -33.2% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -20.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 132.8% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 80% of revenue deployed · 85.6% of spending went to programs
  • Governance: 4 of 4 board members independent · 1 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $336K in reported program spending
  • Leadership: top reported pay $38K · 4 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 2 filed schedules · includes major donors
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.