Tbm 700 Owners and Pilots Association Inc

Nonprofit profile at a glance

EIN
201618146
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Acworth, GA, USA
Phone
4049935757
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Recreational l Clubs

Reported finances

Revenue
$1,168,012
Expenses
$1,370,104
Assets
$354,716
Liabilities
$26,089

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

People named in this filing

  • ANDREW CRAGG (DIRECTOR)
  • JOSEPH CRIVELLO (DIRECTOR,VC)
  • CRAIG FORTENBURY (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A. To serve as a forum for owners and pilots of all series of daher tbm 700, tbm 850 and tbm 900 aircraft to exchange information, ideas and knowledge regarding the safe, pleasurable, proper and cost effective use, pilotage, operation and maintenance of the aircraft during the annual convention. B. To promote safety and other standards of use, pilotage, operation and maintenance of the aircraft by the members during the convention. C. To foster educational and development opportunities for members who are pilots or owners of the aircraft, enhancing the necessary competencies of the members with respect to the use, pilotage, operation and maintenance of the aircraft. Meetings during annual convention. D. To serve as a clearinghouse of information and research pertinent to the use, pilotage, operation and maintenance of the aircraft. See website. E. To provide recreational and social opportunities among the members in connection with the safe and pleasurable use of the aircraft.

What it reported doing in 2024

The association organized and co-sponsored a series of events at the 2024 oshkosh airshow in oshkosh, Wisconsin to provide an opportunity for its members to gather and exchange experiences gained at the air show and to foster the exchange of information regarding the sale and pleasurable use of the members's tbm aircraft. Approximately 55 owners attended. Total attendance exceeded 120.

Operating model

Revenue model
Earned-program. 74% of the money available for current operations came from fees and other program revenue.
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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.3%; rating input score 85
  • Program expense ratio: 72.4%; rating input score 72
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: -17.3%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 7.7% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 85.3% of revenue deployed · 72.4% of spending went to programs
  • Governance: 8 of 8 board members independent · 1 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $992K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • 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 — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.