Civic Intelligence

Red Rock Warbirds Inc.

990 • Fiscal year 2017 • EIN 47-4396234

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 24, 2018

140 W 4300 NPleasant View, UT 84414

(801) 718-7185

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

4th percentile

-113%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

17th percentile

-26%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-79%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$221,023

Down $77,406 (-26%) from 2016

Net Assets

Down

$221,023

Down $77,406 (-26%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$68,303

Down $260,340 (-79%) from 2016

Expenses

Up

$145,709

Up $113,947 (+359%) from 2016

Net Income

Down

-$77,406

Down $374,287 (-126%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2016: $298,429Liabilities 2016: $0Net Assets 2016: $298,4292016Assets 2017: $221,023Liabilities 2017: $0Net Assets 2017: $221,0232017Assets 2018: $171,705Liabilities 2018: -$280Net Assets 2018: $171,9852018

Highlighted filing

2017

Assets$221,023
Liabilities$0
Net Assets$221,023

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $328,643Expenses 2016: $31,762Net Income 2016: $296,8812016Revenue 2017: $68,303Expenses 2017: $145,709Net Income 2017: -$77,4062017Revenue 2018: $23,071Expenses 2018: $72,109Net Income 2018: -$49,0382018

Highlighted filing

2017

Revenue$68,303
Expenses$145,709
Net Income-$77,406
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 24, 2018
Return Version
2017v2.3
Gross Receipts
$68,303
Mission and Program Overview

Mission

The organization is committed to the education of aviation warbird history to ensure that the public understands the historical significance of these aircraft. Additional significant missions for the organization are youth education and leadership training related to aircraft and piloting, as well as preserving and restoring aircraft for the education benefit of all ages.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$295,315$213,189▼ $82,126
Savings and Temporary Cash Investments$5$7,495▲ $7,490
Cash and Non-Interest-Bearing Accounts$3,109$339▼ $2,770
Total Assets$298,429$221,023▼ $77,406
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$298,429$221,023▼ $77,406
Total Net Assets Fund Balance$298,429$221,023▼ $77,406
Total Liabilities and Net Assets / Fund Balance$298,429$221,023▼ $77,406

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$213,189$142,669$355,858
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard GrinnellPresident
Vince J MooreBoard Member
James Michael TatonSecretary
Chris MeyerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$68,300
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
All Other Contributions
$68,300
Change in Net Assets
$-77,406

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Boats and Planes1$45,000
Total Noncash Contributions1$45,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$68,303
Total Revenue per Audited Statements
$68,303
Total Revenue per Form 990
$68,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$145,709
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
Depreciation Depletion$127,126--$127,126
Fees for Services Other$6,871$288-$7,159
Travel$2,904--$2,904
Fees for Services Accounting-$814-$814
Other Expenses$602--$602
All Other Expenses$418$10-$428
Office Expenses$397--$397
Total Functional Expenses$144,597$1,112$0$145,709

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$145,709
Total Expenses per Audited Statements$145,709
Total Expenses per Form 990$145,709
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The appropriate board members review the form 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the governing board. The governing board will then meet without the interested person to determine if a conflict exists. If a conflict exists, any of the following may take place: a. The interested person may make a presentation to the board, and the board will vote on the transaction; b. A dinterested person may be appointed to investigate alternatives; c. After excercising due diligence, the governing body will determine if the organization can reasonably obtain a more advantageous transaction; and d. The governing body may vote to determine if the transaction is in the organization's best interest. If there are violations to the policy, the governing body will inform the member of the basis of the violation and give the member an opportunity to explain the alleged failure to disclose.

Form 990, Page 6, Part VI, Line 19

Financial statements and other governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Red Rock Warbirds Inc
EIN
47-4396234
Address
140 W 4300 N, PLEASANT VIEW, UT 84414

Signing Officer

Name
Richard Grinnell
Title
President
Signed
2018-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Grinnell
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Hintonburdick Pllc
Address
239 SOUTH MAIN ST STE 100, CEDAR CITY, UT 84720
Preparer
Tad Tuttle CPA
Phone
4358657666
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization is committed to the education of aviation warbird history to ensure that the public understands the historical significance of these aircraft. Additional significant missions for the organization are youth education and leadership training related to aircraft and piloting, as well as preserving and restoring aircraft for the education benefit of all ages.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS COMMITTED TO THE EDUCATION OF AVIATION WARBIRD HISTORY TO ENSURE THAT THE PUBLIC UNDERSTANDS THE HISTORICAL SIGNIFICANCE OF THESE AIRCRAFT. ADDITIONAL SIGNIFICANT MISSIONS FOR THE ORGANIZATION ARE YOUTH EDUCATION AND LEADERSHIP TRAINING RELATED TO AIRCRAFT AND PILOTING, AS WELL AS PRESERVING AND RESTORING AIRCRAFT FOR THE EDUCATION BENEFIT OF ALL AGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE APPROPRIATE BOARD MEMBERS REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE GOVERNING BOARD. THE GOVERNING BOARD WILL THEN MEET WITHOUT THE INTERESTED PERSON TO DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT EXISTS, ANY OF THE FOLLOWING MAY TAKE PLACE: A. THE INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD, AND THE BOARD WILL VOTE ON THE TRANSACTION; B. A DINTERESTED PERSON MAY BE APPOINTED TO INVESTIGATE ALTERNATIVES; C. AFTER EXCERCISING DUE DILIGENCE, THE GOVERNING BODY WILL DETERMINE IF THE ORGANIZATION CAN REASONABLY OBTAIN A MORE ADVANTAGEOUS TRANSACTION; AND D. THE GOVERNING BODY MAY VOTE TO DETERMINE IF THE TRANSACTION IS IN THE ORGANIZATION'S BEST INTEREST. IF THERE ARE VIOLATIONS TO THE POLICY, THE GOVERNING BODY WILL INFORM THE MEMBER OF THE BASIS OF THE VIOLATION AND GIVE THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.85.16.114
ReturnHeader/FilingSecurityInformation/IPDt02018-09-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:39:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870492866
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HINTONBURDICK PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0239 SOUTH MAIN ST STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084720
ReturnHeader/PreparerPersonGrp/PhoneNum04358657666
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TAD TUTTLE CPA
ReturnHeader/ReturnTs02018-09-17T15:39:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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