Civic Intelligence

Phastar Corp

990EZ • Fiscal year 2015 • EIN 45-0833007

Jan 01, 2015 to Dec 31, 2015 • Filed on May 06, 2016

44050 Russia RoadElyria, OH 44035

(440) 323-7000

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.07x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

0.09x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

58th percentile

6.3%

Faster asset growth than 58% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

87th percentile

54%

Faster revenue growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$155,108

Up $9,228 (+6.3%) from 2014

Net Assets

Up

$144,558

Up $15,178 (+12%) from 2014

Liabilities

Down

$10,550

Down $5,950 (-36%) from 2014

Revenue

Up

$120,444

Up $42,319 (+54%) from 2014

Expenses

Up

$105,266

Up $30,515 (+41%) from 2014

Net Income

Up

$15,178

Up $11,804 (+350%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2014: $145,880Liabilities 2014: $16,500Net Assets 2014: $129,3802014Assets 2015: $155,108Liabilities 2015: $10,550Net Assets 2015: $144,5582015Assets 2016: $160,053Liabilities 2016: $26,808Net Assets 2016: $133,2452016Assets 2017: $418,418Liabilities 2017: $39,873Net Assets 2017: $378,5452017Assets 2018: $412,222Liabilities 2018: $78,542Net Assets 2018: $333,6802018Assets 2019: $442,611Liabilities 2019: $95,787Net Assets 2019: $346,8242019Assets 2020: $538,634Liabilities 2020: $342,174Net Assets 2020: $196,4602020Assets 2021: $463,978Liabilities 2021: $332,040Net Assets 2021: $131,9382021Assets 2022: $308,006Liabilities 2022: $372,407Net Assets 2022: -$64,4012022Assets 2024: $528,652Liabilities 2024: $616,915Net Assets 2024: -$88,2632024

Highlighted filing

2015

Assets$155,108
Liabilities$10,550
Net Assets$144,558

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $78,125Expenses 2014: $74,751Net Income 2014: $3,3742014Revenue 2015: $120,444Expenses 2015: $105,266Net Income 2015: $15,1782015Revenue 2016: $99,695Expenses 2016: $111,008Net Income 2016: -$11,3132016Revenue 2017: $542,831Expenses 2017: $298,658Net Income 2017: $244,1732017Revenue 2018: $467,964Expenses 2018: $512,829Net Income 2018: -$44,8652018Revenue 2019: $626,653Expenses 2019: $613,509Net Income 2019: $13,1442019Revenue 2020: $496,632Expenses 2020: $653,433Net Income 2020: -$156,8012020Revenue 2021: $815,721Expenses 2021: $880,243Net Income 2021: -$64,5222021Revenue 2022: $417,671Expenses 2022: $614,010Net Income 2022: -$196,3392022Revenue 2024: $1,632,511Expenses 2024: $1,634,122Net Income 2024: -$1,6112024

Highlighted filing

2015

Revenue$120,444
Expenses$105,266
Net Income$15,178
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 6, 2016
Return Version
2015v2.1
Gross Receipts
$132,079
Mission and Program Overview

Mission

Born out of a vision to improve the quality of education and public services in Northeast Ohio, PHASTAR is able to offer unique life experiences and learning and training opportunities for high school students, and adults seeking to learn new skills.

Public safety mission promotes superior air medical and public safety services throughout northern ohio focusing on the preparation for and response to life threatening emergencies.

Program Services

DescriptionGrantsExpenses
PROMOTES PUBLIC AWARENESS OF AVIATION THROUGH VARIOUS ASPECTS OF AVIATION. REPRESENTATIVES DISCUSS FLYING, PARTS OF AN AIRPLANCE, BASIC AERODYNAMICS, AND CAREER OPPORTUNITIES AVAILABLE IN THE FIELD.-$44,016
PHASTAR ALSO HAS HOSTED THE YOUNG EAGLES FLIGHT RALLY AT BURKE LAKEFRONT AIRPORT, DAVIS AEROSPACE & MARITIME DEVELOPMENT AND DESIGN SESSIONS, AND PROVIDED SUMMER AVIATION PROGRAMS FOR KIDS.-$16,704
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DOUGLAS MCCONNELLVice Preside-$0--
DAVID ANDREW FERGUSONPresident-$0--
JAY ROSSBoard Member-$0--
PAUL KOZIOLBoard Member-$0--
VICKI KOZIOLBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Phastar Corp
EIN
45-0833007
Address
44050 RUSSIA ROAD, ELYRIA, OH 44035

Signing Officer

Name
David Andrew Ferguson
Title
President
Signed
2016-05-06
Discuss with paid preparer
Yes

Preparer

Firm
Paragon Accounting Solutions Inc
Address
33801 CAPEL RD, COLUMBIA STATION, OH 44028-9710
Preparer
Gary N Lash Jr
Phone
2164067986
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Bump set splat charitable contributions 2,800 expenses advertising and promotion 252 office 2,245 service fee 820 travel 8,452 conferences/meetings 435 insurance 1,258 repairs 453 dues & subscriptions 635 licenses & permits 25 program expenses 44,016 bank fees 80 miscellaneous expense 49 non-investment depreciation 12,204 total 73,724

Form 990-ez, Part II, Line 24

Inventories for sale or use 0 16 educational equipment 7,000 7,000 less accumulated depreciation 955 2,683 airplane 172 n8574 23,000 23,000 less accumulated depreciation 11,960 16,376 equipment 0 8,814 less accumulated depreciation 0 3,177 total 17,085 16,594

Form 990-ez, Part II, Line 26

Escrow account 0 50 note payable - buckeye 16,500 10,500

Form 990-ez, Part III

Public safety mission promotes superior air medical and public safety services throughout northern ohio focusing on the preparation for and response to life threatening emergencies.

Form 990-ez, Part III, Line 31

Phastar also has hosted the young eagles flight rally at burke lakefront airport, davis aerospace & maritime development and design sessions, and provided summer aviation programs for kids.

Raw XML Appendix151 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ELYRIA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd044035
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DOUGLAS MCCONNELL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4VICKI KOZIOL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherExpensesTotalAmt073724
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PUBLIC SAFETY MISSION PROMOTES SUPERIOR AIR MEDICAL AND PUBLIC SAFETY SERVICES THROUGHOUT NORTHERN OHIO FOCUSING ON THE PREPARATION FOR AND RESPONSE TO LIFE THREATENING EMERGENCIES.
IRS990EZ/PrintingPublicationsPostageAmt0401
IRS990EZ/ProgramServiceRevenueAmt031090
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PHASTAR ALSO HAS HOSTED THE YOUNG EAGLES FLIGHT RALLY AT BURKE LAKEFRONT AIRPORT, DAVIS AEROSPACE & MARITIME DEVELOPMENT AND DESIGN SESSIONS, AND PROVIDED SUMMER AVIATION PROGRAMS FOR KIDS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt044016
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990EZ/WebsiteAddressTxt0HTTP://PHASTAR.ORG
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt029234
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0114455
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUMP SET SPLAT CHARITABLE CONTRIBUTIONS 2,800 EXPENSES ADVERTISING AND PROMOTION 252 OFFICE 2,245 SERVICE FEE 820 TRAVEL 8,452 CONFERENCES/MEETINGS 435 INSURANCE 1,258 REPAIRS 453 DUES & SUBSCRIPTIONS 635 LICENSES & PERMITS 25 PROGRAM EXPENSES 44,016 BANK FEES 80 MISCELLANEOUS EXPENSE 49 NON-INVESTMENT DEPRECIATION 12,204 TOTAL 73,724
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORIES FOR SALE OR USE 0 16 EDUCATIONAL EQUIPMENT 7,000 7,000 LESS ACCUMULATED DEPRECIATION 955 2,683 AIRPLANE 172 N8574 23,000 23,000 LESS ACCUMULATED DEPRECIATION 11,960 16,376 EQUIPMENT 0 8,814 LESS ACCUMULATED DEPRECIATION 0 3,177 TOTAL 17,085 16,594
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ESCROW ACCOUNT 0 50 NOTE PAYABLE - BUCKEYE 16,500 10,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PUBLIC SAFETY MISSION PROMOTES SUPERIOR AIR MEDICAL AND PUBLIC SAFETY SERVICES THROUGHOUT NORTHERN OHIO FOCUSING ON THE PREPARATION FOR AND RESPONSE TO LIFE THREATENING EMERGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PHASTAR ALSO HAS HOSTED THE YOUNG EAGLES FLIGHT RALLY AT BURKE LAKEFRONT AIRPORT, DAVIS AEROSPACE & MARITIME DEVELOPMENT AND DESIGN SESSIONS, AND PROVIDED SUMMER AVIATION PROGRAMS FOR KIDS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID ANDREW FERGUSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHASTAR CORP
ReturnHeader/Filer/BusinessNameControlTxt0PHAS
ReturnHeader/Filer/EIN0450833007
ReturnHeader/Filer/USAddress/AddressLine1Txt044050 RUSSIA ROAD
ReturnHeader/Filer/USAddress/CityNm0ELYRIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044035
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462595249
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PARAGON ACCOUNTING SOLUTIONS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt033801 CAPEL RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA STATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0440289710
ReturnHeader/PreparerPersonGrp/PhoneNum02164067986
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY N LASH JR
ReturnHeader/ReturnTs02016-05-24T21:16:28-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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