Civic Intelligence

Wt Flyers Inc

990 • Fiscal year 2021 • EIN 84-4867786

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 04, 2022

Organization Profile
12250 Wild Horse TrailAmarillo, TX 79118

(806) 683-9788

Siviq Scores

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

Liabilities / Assets

76th percentile

0.30x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

37th percentile

0.01x

Higher debt load relative to revenue than 37% of similar nonprofits.

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

Net Margin

25th percentile

-2.1%

Higher net margin than 25% 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

3rd percentile

-28%

Faster asset growth than 3% of similar nonprofits.

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

Revenue Growth

98th percentile

301%

Faster revenue growth than 98% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$20,398

Down $7,796 (-28%) from 2020

Net Assets

$14,235

No earlier filing loaded for comparison.

Liabilities

Up

$6,163

Up $6,163 from 2020

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin25th percentile

Revenue

Up

$658,282

Up $494,081 (+301%) from 2020

Expenses

Up

$672,241

Up $536,234 (+394%) from 2020

Net Income

Down

-$13,959

Down $42,153 (-150%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$100K$50K$0Assets 2020: $28,194Liabilities 2020: $02020Assets 2021: $20,398Liabilities 2021: $6,163Net Assets 2021: $14,2352021Assets 2022: $9,136Liabilities 2022: $6,166Net Assets 2022: $2,9702022Assets 2023: $37,723Liabilities 2023: $0Net Assets 2023: $37,7232023Assets 2024: $90,142Liabilities 2024: $0Net Assets 2024: $90,1422024

Highlighted filing

2021

Assets$20,398
Liabilities$6,163
Net Assets$14,235
Open 2021 Filing

Operations Trend

Revenue Growth98th percentile

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

$1.0M$500K$0-$500KRevenue 2020: $164,201Expenses 2020: $136,007Net Income 2020: $28,1942020Revenue 2021: $658,282Expenses 2021: $672,241Net Income 2021: -$13,9592021Revenue 2022: $815,590Expenses 2022: $826,855Net Income 2022: -$11,2652022Revenue 2023: $465,862Expenses 2023: $431,109Net Income 2023: $34,7532023Revenue 2024: $222,038Expenses 2024: $169,619Net Income 2024: $52,4192024

Highlighted filing

2021

Revenue$658,282
Expenses$672,241
Net Income-$13,959
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 4, 2022
Return Version
2021v4.0
Gross Receipts
$658,282
Mission and Program Overview

Mission

To promote aviation and aviation related issued and matters in the texas panhandle region. To provide its members with aircraft only for their personal use and enjoyment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,194$20,398▼ $7,796
Total Assets$28,194$20,398▼ $7,796
Liabilities
Accounts Payable and Accrued Expenses-$6,163-
Total Liabilities$0$6,163▲ $6,163
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,194$14,235▼ $13,959
Total Net Assets Fund Balance$28,194$14,235▼ $13,959
Total Liabilities and Net Assets / Fund Balance$28,194$20,398▼ $7,796
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
David BoydPresident
Thomas HickmanDirector
Chris HickmanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$658,282
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-13,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$672,241
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
Occupancy---$59,354
Information Technology---$4,446
Fees for Services Accounting---$3,950
Other Expenses---$130
Travel---$60
All Other Expenses---$51
Total Functional Expenses$0$0$0$672,241
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Wt Flyers Inc
EIN
84-4867786
Address
12250 WILD HORSE TRAIL, AMARILLO, TX 79118

Signing Officer

Name
David Boyd
Title
President
Signed
2022-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Boyd
Formed
2020
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Lewis Kaufman Reid Stukey Gattis & Co Pc
Address
2308 W 5TH ST, PLAINVIEW, TX 79072
Preparer
Randy J Kaufman
Phone
8062934287
Raw XML Appendix234 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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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$20,398
Liabilities
$6,163
Net assets
$14,235
Revenue
$658,282
Expenses
$672,241
Net income
-$13,959
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$2.22$1.70$0.52
2023Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$4.66$4.31$0.35
2022Detailed filing. Detailed filing data is available for this year.$0.09$0.06$0.03$8.16$8.27$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.06$0.14$6.58$6.72$0.14
2020Summary only. Only limited summary data is available for this year.$0.28$0.00$1.64$1.36$0.28