Civic Intelligence

Wt Flyers Inc

990 • Fiscal year 2022 • EIN 84-4867786

Jan 01, 2022 to Dec 31, 2022 • Filed on May 10, 2023

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

92nd percentile

0.67x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Net Margin

31st percentile

-1.4%

Higher net margin than 31% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

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.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2022

Asset Growth

1st percentile

-55%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

24%

Faster revenue growth than 70% of similar nonprofits.

2022 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$9,136

Down $11,262 (-55%) from 2021

Net Assets

Down

$2,970

Down $11,265 (-79%) from 2021

Liabilities

Up

$6,166

Up $3 (+0.0%) from 2021

Revenue

Up

$815,590

Up $157,308 (+24%) from 2021

Expenses

Up

$826,855

Up $154,614 (+23%) from 2021

Net Income

Up

-$11,265

Up $2,694 (+19%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$9,136
Liabilities$6,166
Net Assets$2,970

Operations Trend

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

2022

Revenue$815,590
Expenses$826,855
Net Income-$11,265
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 10, 2023
Return Version
2022v5.0
Gross Receipts
$815,590
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$20,398$9,136▼ $11,262
Total Assets$20,398$9,136▼ $11,262
Liabilities
Accounts Payable and Accrued Expenses$6,163$6,166▲ $3
Total Liabilities$6,163$6,166▲ $3
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,235$2,970▼ $11,265
Total Net Assets Fund Balance$14,235$2,970▼ $11,265
Total Liabilities and Net Assets / Fund Balance$20,398$9,136▼ $11,262
Compensation and Service Providers

Board Members and Trustees

NameTitle
David BoydPresident
Thomas HickmanDirector
Chris HickmanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$815,542
Investment Income
$48
Other Revenue
$0
Change in Net Assets
$-11,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$826,855
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$74,818--$74,818
Other Expenses$7,943--$7,943
Information Technology$4,719--$4,719
Insurance$3,777--$3,777
Fees for Services Accounting-$1,875-$1,875
Total Functional Expenses$824,980$1,875$0$826,855
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
2023-05-10
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
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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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