Liabilities / Assets
70th percentile
Higher debt load relative to assets than 70% of similar nonprofits.
Franconia Soaring Association
EIN 02-0434346 • 501(c)4 • Franconia, NH
990-N Coverage
Profile
To operate and manage a flying,soaring and gliding facility-benefit of members
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.03x
Liabilities / Revenue
70th percentile
Higher debt load relative to revenue than 70% of similar nonprofits.
Net Margin
45th percentile
Higher net margin than 45% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$122,687
No earlier filing loaded for comparison.
Liabilities
$3,181
No earlier filing loaded for comparison.
Net Assets
$119,506
No earlier filing loaded for comparison.
Revenue
$144,472
No earlier filing loaded for comparison.
Expenses
$144,568
No earlier filing loaded for comparison.
Net Income
-$96
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $122,687
- Liabilities
- $3,181
- Net assets
- $119,506
- Revenue
- $144,472
- Expenses
- $144,568
- Net income
- -$96
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- May 14, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $195,677
Mission and Program Overview
Mission
To operate and manage a flying,soaring and gliding facility-benefit of members
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SALE OF AIRCRAFT AND PURCHASE OF AIRCRAFT | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CYNTHIA FITZGERALD | President | - | $0 | - | - |
| MICHAEL PALMA | Treasurer | - | $0 | - | - |
| MATT COTE | Secretary | - | $0 | - | - |
| ANDY KINGSWOOD | Director | - | $0 | - | - |
| JESS PAULEY | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Franconia Soaring Association
- EIN
- 02-0434346
- Phone
- 6038235034
- Address
- 1251 EASTON ROAD ROUTE 116, FRANCONIA, NH 03580
Signing Officer
- Name
- Michael Palma
- Title
- Treasurer
- Phone
- 6038235034
- Signed
- 2024-05-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Tortolano & Company LLC
- Address
- 1 WALTON ROAD, SEABROOK, NH 03874
- Preparer
- Lance Tortolano
- Phone
- 6035017100
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: interest income. Amount: 6.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: aircraft registration. Amount: 908. Description: fuel. Amount: 16,144. Description: insurance. Amount: 27,096. Description: bank fees. Amount: 25. Description: ssa dues. Amount: 3,324. Description: resale inventory. Amount: 1,153. Description: travel. Amount: 1,934. Total to form 990-ez, line 16: 50,584.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: other depreciable assets. Beg. Of year amount: 96,489. End of year amount: 99,284.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: gift certificates and scholarship fund. Beg. Of year amount: 1,006. End of year amount: 2,181. Description: cessna 182 loan. Beg. Of year amount: 33,000. End of year amount: 0. Description: other liability. Beg. Of year amount: 0. End of year amount: 1,000.”
Raw XML Appendix139 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MICHAEL PALMA |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6038235034 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1251 EASTON RD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | FRANCONIA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NH |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 03580 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 57119 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 23403 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 2000 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 51205 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -96 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1965 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 153608 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 122687 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 63695 |
| IRS990EZ/GrossReceiptsAmt | 0 | 195677 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 45173 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 119602 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 119506 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 119602 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 119506 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 90922 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CYNTHIA FITZGERALD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MICHAEL PALMA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MATT COTE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ANDY KINGSWOOD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JESS PAULEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 96489 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 99284 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 50584 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 6 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO OPERATE AND MANAGE A FLYING,SOARING AND GLIDING FACILITY-BENEFIT OF MEMBERS |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1097 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 33598 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SALE OF AIRCRAFT AND PURCHASE OF AIRCRAFT |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 114900 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 34006 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 3181 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 144568 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 144472 |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | FRANCONIASOARING.ORG |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST INCOME. AMOUNT: 6. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: AIRCRAFT REGISTRATION. AMOUNT: 908. DESCRIPTION: FUEL. AMOUNT: 16,144. DESCRIPTION: INSURANCE. AMOUNT: 27,096. DESCRIPTION: BANK FEES. AMOUNT: 25. DESCRIPTION: SSA DUES. AMOUNT: 3,324. DESCRIPTION: RESALE INVENTORY. AMOUNT: 1,153. DESCRIPTION: TRAVEL. AMOUNT: 1,934. TOTAL TO FORM 990-EZ, LINE 16: 50,584. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 96,489. END OF YEAR AMOUNT: 99,284. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: GIFT CERTIFICATES AND SCHOLARSHIP FUND. BEG. OF YEAR AMOUNT: 1,006. END OF YEAR AMOUNT: 2,181. DESCRIPTION: CESSNA 182 LOAN. BEG. OF YEAR AMOUNT: 33,000. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER LIABILITY. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL PALMA |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6038235034 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FRANCONIA SOARING ASSOCIATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FRAN |
| ReturnHeader/Filer/EIN | 0 | 020434346 |
| ReturnHeader/Filer/PhoneNum | 0 | 6038235034 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1251 EASTON ROAD ROUTE 116 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FRANCONIA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NH |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 03580 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 263658028 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | TORTOLANO & COMPANY LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1 WALTON ROAD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SEABROOK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 03874 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6035017100 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-05-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LANCE TORTOLANO |
| ReturnHeader/ReturnTs | 0 | 2024-05-15T09:20:22-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MICHAEL |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | PALMA |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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