Civic Intelligence

Tailwinds Flying Club

990 • Fiscal year 2021 • EIN 41-1684222

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 07, 2022

Organization ProfileWWW.TAILSWINDS21D.ORG
PO Box 25935St Paul, MN 55125

(651) 730-2077

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.36x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

1.09x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2021

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2021

Asset Growth

87th percentile

30%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

27%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$571,263

Up $130,571 (+30%) from 2020

Net Assets

Up

$367,872

Up $67,294 (+22%) from 2020

Liabilities

Up

$203,391

Up $63,277 (+45%) from 2020

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin68th percentile

Revenue

Up

$185,940

Up $39,091 (+27%) from 2020

Expenses

Up

$151,953

Up $36,826 (+32%) from 2020

Net Income

Up

$33,987

Up $2,265 (+7.1%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $331,191Liabilities 2011: $164,526Net Assets 2011: $166,6652011Assets 2012: $319,365Liabilities 2012: $152,871Net Assets 2012: $166,4942012Assets 2013: $336,374Liabilities 2013: $151,361Net Assets 2013: $185,0132013Assets 2014: $318,120Liabilities 2014: $162,198Net Assets 2014: $155,9222014Assets 2015: $326,031Liabilities 2015: $138,725Net Assets 2015: $187,3062015Assets 2016: $403,877Liabilities 2016: $198,453Net Assets 2016: $205,4242016Assets 2017: $387,733Liabilities 2017: $193,527Net Assets 2017: $194,2062017Assets 2018: $422,636Liabilities 2018: $201,702Net Assets 2018: $220,9342018Assets 2019: $497,839Liabilities 2019: $228,983Net Assets 2019: $268,8562019Assets 2020: $440,692Liabilities 2020: $140,114Net Assets 2020: $300,5782020Assets 2021: $571,263Liabilities 2021: $203,391Net Assets 2021: $367,8722021Assets 2022: $567,830Liabilities 2022: $192,017Net Assets 2022: $375,8132022Assets 2023: $590,963Liabilities 2023: $163,711Net Assets 2023: $427,2522023Assets 2024: $576,574Liabilities 2024: $121,723Net Assets 2024: $454,8512024

Highlighted filing

2021

Assets$571,263
Liabilities$203,391
Net Assets$367,872
Open 2021 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $111,776Expenses 2011: $134,398Net Income 2011: -$22,6222011Revenue 2012: $150,160Expenses 2012: $150,031Net Income 2012: $1292012Revenue 2013: $152,047Expenses 2013: $145,758Net Income 2013: $6,2892013Revenue 2014: $134,793Expenses 2014: $166,384Net Income 2014: -$31,5912014Revenue 2015: $148,812Expenses 2015: $118,062Net Income 2015: $30,7502015Revenue 2016: $165,673Expenses 2016: $135,106Net Income 2016: $30,5672016Revenue 2017: $169,373Expenses 2017: $180,591Net Income 2017: -$11,2182017Revenue 2018: $167,675Expenses 2018: $140,947Net Income 2018: $26,7282018Revenue 2019: $182,341Expenses 2019: $134,419Net Income 2019: $47,9222019Revenue 2020: $146,849Expenses 2020: $115,127Net Income 2020: $31,7222020Revenue 2021: $185,940Expenses 2021: $151,953Net Income 2021: $33,9872021Revenue 2022: $163,735Expenses 2022: $154,593Net Income 2022: $9,1422022Revenue 2023: $222,132Expenses 2023: $152,493Net Income 2023: $69,6392023Revenue 2024: $178,234Expenses 2024: $150,635Net Income 2024: $27,5992024

Highlighted filing

2021

Revenue$185,940
Expenses$151,953
Net Income$33,987
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 7, 2022
Return Version
2021v4.2
Gross Receipts
$185,940
Mission and Program Overview

Mission

SOCIAL FLYING CLUB

Tailwinds is a social club where members get to fly great airplanes with like minded pilots.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$394,625$527,213▲ $132,588
Rtn Earn Endowment Incm Other Fnds$300,578$367,872▲ $67,294
Loans From Officers Directors$0$86,177▲ $86,177
Cash and Non-Interest-Bearing Accounts$42,136$41,006▼ $1,130
Accounts Receivable$2,979$3,044▲ $65
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$440,692$571,263▲ $130,571
Other Assets Total$952$0▼ $952
Liabilities
Other Liabilities$79,538$65,529▼ $14,009
Unsecured Notes Loans Payable$55,000$48,755▼ $6,245
Accounts Payable and Accrued Expenses$5,576$2,930▼ $2,646
Total Liabilities$140,114$203,391▲ $63,277
Net Assets / Fund Balance
Total Net Assets Fund Balance$300,578$367,872▲ $67,294
Total Liabilities and Net Assets / Fund Balance$440,692$571,263▲ $130,571

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$484,494-$484,494
Buildings$42,719-$42,719
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Peter RekstadPresident
Craig AlcockVice President
John YoungbloodSafety
Jeff MorganSecretary
David OberlanderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$185,915
Investment Income
$25
Other Revenue
$0
Change in Net Assets
$33,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$151,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance---$33,290
Fees for Services Other---$20,617
Other Expenses---$17,414
Occupancy---$4,136
Office Expenses---$4,099
Interest---$2,893
Information Technology---$626
Total Functional Expenses$0$0$0$151,953
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$86,177▲ $86,177
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Overhaul Reserve$65,529
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members with equal voting rights. They pay an equity amount to enter the club. This amount is returned upon exiting the club.”

Form 990, Part VI, Section A, Line 7A

“The members elect the governing body of the organization by a simple majority vote at the annual meeting.”

Form 990, Part VI, Section A, Line 7B

“Changes in bylaw must be voted on by a quorum of 33 percent of the members. Bylaws were not changed in 2021.”

Form 990, Part VI, Section A, Line 8B

“There were no committees to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“An electronic version of the form 990 is presented to the board prior to filing with the irs.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, financial statements, tax forms and other documents are available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Tailwinds Flying Club
EIN
41-1684222
Phone
6517302077
Address
PO BOX 25935, ST PAUL, MN 55125

Signing Officer

Name
Dave Oberlander
Title
Treasurer
Phone
6517302077
Signed
2022-09-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Oberlander
Formed
1974
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
20

Preparer

Firm
Baker Tilly US Llp
Address
225 S 6TH ST 2300, MINNEAPOLIS, MN 55402
Preparer
Mark T Bakko CPA
Phone
6128764500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Annual and maintenance labor 20,617.”

Raw XML Appendix344 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1CURRENT TREASURER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt086177
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS WITH EQUAL VOTING RIGHTS. THEY PAY AN EQUITY AMOUNT TO ENTER THE CLUB. THIS AMOUNT IS RETURNED UPON EXITING THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE GOVERNING BODY OF THE ORGANIZATION BY A SIMPLE MAJORITY VOTE AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHANGES IN BYLAW MUST BE VOTED ON BY A QUORUM OF 33 PERCENT OF THE MEMBERS. BYLAWS WERE NOT CHANGED IN 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE WERE NO COMMITTEES TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN ELECTRONIC VERSION OF THE FORM 990 IS PRESENTED TO THE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, TAX FORMS AND OTHER DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANNUAL AND MAINTENANCE LABOR 20,617.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0440692
IRS990/TotalAssetsEOYAmt0571263
IRS990/TotalAssetsGrp/BOYAmt0440692
IRS990/TotalAssetsGrp/EOYAmt0571263
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0151953
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0140114
IRS990/TotalLiabilitiesEOYAmt0203391
IRS990/TotalLiabilitiesGrp/BOYAmt0140114
IRS990/TotalLiabilitiesGrp/EOYAmt0203391
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0300578
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0367872
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0151953
IRS990/TotalProgramServiceRevenueAmt0185915
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt025
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0185915
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0185940
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0440692
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0571263
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt055000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt048755
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02688 WINDSOR LANE
IRS990/USAddress/CityNm0WOODBURY
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055125
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.TAILSWINDS21D.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVE OBERLANDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06517302077
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TAILWINDS FLYING CLUB
ReturnHeader/Filer/BusinessNameControlTxt0TAIL
ReturnHeader/Filer/EIN0411684222
ReturnHeader/Filer/PhoneNum06517302077
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 25935
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055125
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 S 6TH ST 2300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06128764500
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK T BAKKO CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-09-16T11:02:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OBERLANDER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$571,263
Liabilities
$203,391
Net assets
$367,872
Revenue
$185,940
Expenses
$151,953
Net income
$33,987
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.77$1.22$4.55$1.78$1.51$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.91$1.64$4.27$2.22$1.52$0.70
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.68$1.92$3.76$1.64$1.55$0.09
2021Detailed filing. Detailed filing data is available for this year.$5.71$2.03$3.68$1.86$1.52$0.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.41$1.40$3.01$1.47$1.15$0.32
2019Detailed filing. Detailed filing data is available for this year.$4.98$2.29$2.69$1.82$1.34$0.48
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.23$2.02$2.21$1.68$1.41$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.88$1.94$1.94$1.69$1.81$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$1.98$2.05$1.66$1.35$0.31
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$1.39$1.87$1.49$1.18$0.31
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$1.62$1.56$1.35$1.66$0.32
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.36$1.51$1.85$1.52$1.46$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$1.53$1.66$1.50$1.50$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$1.65$1.67$1.12$1.34$0.23