Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
EIN 73-6502369 • 501(c)7 • Albuquerque, NM
Profile
The primary purpose of the organization is to provide expense sharing arrangement for the use of private aircraft. Members pay hourly flight charges as well as membership dues to cover the costs of maintaining, housing and insuring the aircraft and direct flight expenses.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
54th percentile
Higher net margin than 54% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
29th percentile
Faster asset growth than 29% of similar nonprofits.
Revenue Growth
33rd percentile
Faster revenue growth than 33% of similar nonprofits.
Assets
Down$207,214
Down $23,721 (-10%) from 2023
Liabilities
Down$169,670
Down $25,548 (-13%) from 2023
Net Assets
Up$37,544
Up $1,827 (+5.1%) from 2023
Revenue
Down$51,840
Down $4,610 (-8.2%) from 2023
Expenses
Down$50,013
Down $17,313 (-26%) from 2023
Net Income
Up$1,827
Up $12,703 (+117%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
The primary purpose of the organization is to provide expense sharing arrangement for the use of private aircraft. Members pay hourly flight charges as well as membership dues to cover the costs of maintaining, housing and insuring the aircraft and direct flight expenses.
| Description | Grants | Expenses |
|---|---|---|
| Organizations aircraft were used for a substantial amount of charitable work including Angel Flight and Flights for Life as well as maintaining pilot currency | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Paul Kearney | Treasurer | PT | $0 | - | - |
| Alan Blair | Secretary | - | $0 | - | - |
| Richard Perry | Maintenance Officer | PT | $0 | - | - |
| Joel Long | President | PT | $0 | - | - |
| David Roberts | Vice President | - | $0 | - | - |
“Insurance, aircraft repairs”
“Aircraft (2)”
“Outstanding Loans secured by aircraft assets”
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/BenefitsPaidToOrForMembersAmt | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Paul Kearney |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4259844981 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO Box 91444 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Albuquerque |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NM |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 87199 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 41719 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 17998 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 0 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 1827 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 0 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form1120PolFiledInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 230935 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 207214 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 51840 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 51840 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 35717 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 37544 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 35717 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 37544 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 8988 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 15 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1 |
| 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 | Paul Kearney |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Alan Blair |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Richard Perry |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Joel Long |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | David Roberts |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Maintenance Officer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Vice President |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 189216 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 189216 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 41025 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The primary purpose of the organization is to provide expense sharing arrangement for the use of private aircraft. Members pay hourly flight charges as well as membership dues to cover the costs of maintaining, housing and insuring the aircraft and direct flight expenses. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 0 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Organizations aircraft were used for a substantial amount of charitable work including Angel Flight and Flights for Life as well as maintaining pilot currency |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NM |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 195218 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 169670 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 50013 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 51840 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | crossroadsflying.com |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Insurance, aircraft repairs |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Aircraft (2) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Outstanding Loans secured by aircraft assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 26 |
| ReasonableCauseExplanation/ExplanationTxt | 0 | Crossroads Flying Club respectfully requests abatement of any late-filing penalty for our Form 990-EZ for the tax year ending 12/31/2024. The late filing was due to reasonable cause and not willful neglect. Crossroads Flying Club is a small, volunteer-run nonprofit flying club. We do not have paid accounting staff, and our financial and filing responsibilities are handled by volunteer officers who change periodically. During the period when this return would normally have been prepared and filed, we experienced a combination of administrative turnover and record-availability issues that delayed completion of a complete and accurate return. Specifically, there was a transition in the volunteer officer responsible for maintaining the books and records, and the club's supporting documentation (including bank statements, payment records, and year-end reconciliations) was not fully consolidated and available in a timely manner to prepare the return accurately. Because we prioritize submitting accurate information to the IRS, we did not want to file an incomplete or incorrect return. Once the issue was identified, the club took prompt corrective steps. We gathered and reconciled the missing records, re-established continuity for financial reporting, and confirmed the information necessary to complete the Form 990-EZ. We are filing the return as soon as practicable after restoring complete records. To prevent this from happening again, Crossroads Flying Club has implemented process improvements, including: (1) maintaining centralized, shared access to financial records for all current officers; (2) setting internal due-date reminders well in advance of the IRS deadline; and (3) documenting year-end close procedures so officer transitions do not disrupt compliance activities. Given these circumstances, Crossroads Flying Club believes the late filing resulted from reasonable cause and respectfully requests that any late-filing penalty be waived. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Paul Kearney |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4259844981 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-02-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CO-OPERATIVE CROSS ROADS FLYING CLUB |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CO-O |
| ReturnHeader/Filer/EIN | 0 | 736502369 |
| ReturnHeader/Filer/PhoneNum | 0 | 4259844981 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 91444 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Albuquerque |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 87199 |
| ReturnHeader/Form8822BAttachedInd | 0 | X |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/ReturnTs | 0 | 2026-02-10T17:22:48-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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