Financial Model Analysis for Navy Flying Clubs.
Abstract
There are more than thirty Navy Flying Clubs in operation in the continental United States and overseas. The clubs are self supporting and locally managed. The clubs are operated as business entities, and as is the case with any business, there is always the potential for financial disaster. Clubs that consistently fail to break even financially are faced with forced disestablishment. While some flying clubs are thriving financial concerns, others are struggling to pay their bills and are in jeopardy of insolvency. What factors differentiate the financially successful flying clubs from the clubs barely meeting their obligations to their creditors? Is there a model that adequately describes flying club financial operations? The objective of this thesis is to identify the model that describes the financial process within Navy flying clubs. Factors contributing significantly to the profit earning process will be identified and their magnitudes and relationships will be investigated. Research for this thesis involved an investigation of library resources pertaining to Non-appropriated Fund activities within the Department of Defense, and to non-profit organizations in the private sector. The operational and financial data utilized was extracted from Fiscal Year 1984 Navy Flying Club Annual Reports.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1985
- Accession Number
- ADA161384
Entities
People
- Barry B. Boyd
Organizations
- Naval Postgraduate School