Sky-hi Inc
Nonprofit profile at a glance
- EIN
- 521010428
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2021
- Location
- Frederick, MD, USA
- Phone
- 4346021701
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Recreational l Clubs
Reported finances
- Revenue
- $52,920
- Expenses
- $34,052
- Assets
- $184,499
- Liabilities
- $20,910
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Larry Jarkey (President)
- Greg Gillen (Vice-President)
People named in this filing
- Larry Jarkey (President)
- Greg Gillen (Vice-President)
- Scot Shealer (Secretary-Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The founding members of Sky-Hi joined together in 1972 to purchase an airplane and to form a social flying club to pursue a pilot certificate and additional ratings at economical rates. The organization continues to be guided in the spirit of the founding members by meeting on a regular basis for education, fellowship, to work on the airplane and to use the airplane for pleasure, recreation, and other non-profitable purposes in accordance with Revenue Ruling 74-30.
What it reported doing in 2025
Work on the airplane - In accordance with Federal Aviation Regulations, members performed preventative maintenance on the airplane and participated in the owner-assisted annual inspection to help minimize costs.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 73
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 35.7%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 5.42; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -2.4% per year; rating input score 0; 41st percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.