Civic Intelligence

Valiant Air Command Inc.

990 • Fiscal year 2020 • EIN 59-1773787

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 01, 2021

Organization ProfileWWW.VALIANTAIRCOMMAND.COM
6600 Tico RoadTitusville, FL 32780

(321) 268-1941

Siviq Scores

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

Liabilities / Assets

54th percentile

0.13x

Higher debt load relative to assets than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.29x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

78th percentile

30%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

20%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$2,446,454

Up $558,282 (+30%) from 2019

Net Assets

Up

$2,132,694

Up $515,859 (+32%) from 2019

Liabilities

Up

$313,760

Up $42,423 (+16%) from 2019

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin89th percentile

Revenue

Up

$1,078,287

Up $176,156 (+20%) from 2019

Expenses

Down

$562,428

Down $384,401 (-41%) from 2019

Net Income

Up

$515,859

Up $560,557 (+1254%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $1,716,093Liabilities 2013: $275,661Net Assets 2013: $1,440,4322013Assets 2014: $1,832,604Liabilities 2014: $452,783Net Assets 2014: $1,379,8212014Assets 2015: $1,842,981Liabilities 2015: $442,911Net Assets 2015: $1,400,0702015Assets 2016: $1,683,358Liabilities 2016: $393,168Net Assets 2016: $1,290,1902016Assets 2017: $2,260,823Liabilities 2017: $331,280Net Assets 2017: $1,929,5432017Assets 2019: $1,888,172Liabilities 2019: $271,337Net Assets 2019: $1,616,8352019Assets 2020: $2,446,454Liabilities 2020: $313,760Net Assets 2020: $2,132,6942020Assets 2021: $2,774,756Liabilities 2021: $586,817Net Assets 2021: $2,187,9392021

Highlighted filing

2020

Assets$2,446,454
Liabilities$313,760
Net Assets$2,132,694
Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $865,945Expenses 2013: $850,393Net Income 2013: $15,5522013Revenue 2014: $1,077,825Expenses 2014: $1,134,197Net Income 2014: -$56,3722014Revenue 2015: $992,623Expenses 2015: $972,374Net Income 2015: $20,2492015Revenue 2016: $799,325Expenses 2016: $877,297Net Income 2016: -$77,9722016Revenue 2017: $1,589,135Expenses 2017: $949,782Net Income 2017: $639,3532017Revenue 2019: $902,131Expenses 2019: $946,829Net Income 2019: -$44,6982019Revenue 2020: $1,078,287Expenses 2020: $562,428Net Income 2020: $515,8592020Revenue 2021: $898,999Expenses 2021: $843,754Net Income 2021: $55,2452021

Highlighted filing

2020

Revenue$1,078,287
Expenses$562,428
Net Income$515,859
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 1, 2021
Return Version
2020v4.0
Gross Receipts
$1,109,380
Mission and Program Overview

Mission

Make general public aware of military and civilian heritage through air shows, museum, and restoration of vintage aircraft.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,259,654$1,171,402▼ $88,252
Cash and Non-Interest-Bearing Accounts$503,275$1,124,964▲ $621,689
Inventories for Sale or Use$79,374$79,374→ $0
Savings and Temporary Cash Investments$43,713$70,091▲ $26,378
Pledges and Grants Receivable$1,533--
Total Assets$1,888,172$2,446,454▲ $558,282
Other Assets Total$623$623→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$266,961$162,851▼ $104,110
Accounts Payable and Accrued Expenses$4,376$150,909▲ $146,533
Total Liabilities$271,337$313,760▲ $42,423
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,616,835$2,132,694▲ $515,859
Total Net Assets Fund Balance$1,616,835$2,132,694▲ $515,859
Total Liabilities and Net Assets / Fund Balance$1,888,172$2,446,454▲ $558,282

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,079,686$1,462,306$2,541,992
Equipment$91,716$569,372$661,088
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
David ShoreDirector
Irving Bob BoswellDirector
Leigh LewisDirector
Marvin JuhlDirector
Norman DanielsDirector
Richard JonesDirector
Tracy Schoenewolf-bohrmannDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$74,150
Program Service Revenue
$30,686
Investment Income
$0
Other Revenue
$973,451
All Other Contributions
$188
Change in Net Assets
$515,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$520,493
Salaries, Compensation, and Employee Benefits$41,935
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$79,426$8,825-$88,251
Insurance$58,122$6,458-$64,580
Occupancy$44,420$4,936-$49,356
Office Expenses$39,051$4,339-$43,390
Other Salaries and Wages$20,967$20,968-$41,935
Advertising$23,985$2,665-$26,650
Other Expenses$16,665$1,852-$18,517
All Other Expenses$13,117$1,458-$14,575
Fees for Services Accounting$2,099$2,099-$4,198
Total Functional Expenses$502,833$59,595$0$562,428
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
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Valiant Air Command Inc
EIN
59-1773787
Phone
3212681941
Address
6600 TICO ROAD, TITUSVILLE, FL 32780

Signing Officer

Name
Norman Daniels
Title
Director
Phone
3212681941
Signed
2021-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Norman Daniels
Formed
1977
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
11

Preparer

Firm
Flavin Nooney & Person
Address
2200 SOUTH BABCOCK STREET, MELBOURNE, FL 32901
Preparer
Barbara Nooney CPA
Phone
3217254700
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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/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt074150
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059595
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0502833
IRS990/TotalFunctionalExpensesGrp/TotalAmt0562428
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0271337
IRS990/TotalLiabilitiesEOYAmt0313760
IRS990/TotalLiabilitiesGrp/BOYAmt0271337
IRS990/TotalLiabilitiesGrp/EOYAmt0313760
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01616835
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02132694
IRS990/TotalProgramServiceExpensesAmt0502833
IRS990/TotalProgramServiceRevenueAmt030686
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01004137
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01078287
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01888172
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02446454
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06600 TICO ROAD
IRS990/USAddress/CityNm0TITUSVILLE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032780
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.VALIANTAIRCOMMAND.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NORMAN DANIELS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03212681941
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALIANT AIR COMMAND INC
ReturnHeader/Filer/BusinessNameControlTxt0VALI
ReturnHeader/Filer/EIN0591773787
ReturnHeader/Filer/PhoneNum03212681941
ReturnHeader/Filer/USAddress/AddressLine1Txt06600 TICO ROAD
ReturnHeader/Filer/USAddress/CityNm0TITUSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032780
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593045479
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FLAVIN NOONEY & PERSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02200 SOUTH BABCOCK STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELBOURNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032901
ReturnHeader/PreparerPersonGrp/PhoneNum03217254700
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARBARA NOONEY CPA
ReturnHeader/ReturnTs02021-09-07T12:11:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NORMAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DANIELS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,446,454
Liabilities
$313,760
Net assets
$2,132,694
Revenue
$1,078,287
Expenses
$562,428
Net income
$515,859
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.59$2.19$0.90$0.84$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.45$0.31$2.13$1.08$0.56$0.52
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.27$1.62$0.90$0.95$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.33$1.93$1.59$0.95$0.64
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.39$1.29$0.80$0.88$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.44$1.40$0.99$0.97$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.83$0.45$1.38$1.08$1.13$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.72$0.28$1.44$0.87$0.85$0.02