FREEDOM FLIGHT INC (EIN 161628557) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DAVID TATUM

Phone

8179662020

Tax Period

2023-01-01 to 2023-12-31

FREEDOM FLIGHT INC, founded in 2002, is a micro nonprofit in the Human Services sector that reported $5K in total revenue in fiscal year 2023. Expenses of $45K exceeded revenue, resulting in a 779% operating deficit.

Mission

INSPIRE & EDUCATE THE NEXT GENERATION OF PILOTS THROUGH UNIQUE LEARNING OPPORTUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,124

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,494

Other Expenses $45,052

TOTAL EXPENSES $45,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,124	N/A	N/A
Expenses	$45,052	$98,184	-0.5%
Net Income	$-39,928	$-98,184	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID TATUM	PRESIDENT	N/A	Officer	$0	$0	$0
SIERRA PARSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
JANET TATUM	SECRETARY/ T	N/A	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$5,124	$45,052	$262,589	$-39,928
2022	No data	$98,184	$328,222	No data
2021	$142,408	$89,152	$442,244	$53,256
2020	$-16,376	$70,928	$388,182	$-87,304
2019	$100	$53,061	$364,887	$-52,961
2018	$-1,432,159	$30,304	$437,576	$-1,462,463

FREEDOM FLIGHT INC