PROCLAIM AVIATION MINISTRIES INC

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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

2004

Legal Domicile

Principal Officer

JONATHAN ARMSTRONG

Phone

5073769480

Tax Period

2024-01-01 to 2024-12-31

PROCLAIM AVIATION MINISTRIES INC, founded in 2004, is a community nonprofit in the Religion sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $611K, a strong 20% operating margin.

Mission

PROVIDE TRAINING TO MISSION AVIATORS AND HELP THEM WITH FINANCIAL OBLIGATIONS TO ALLOW THEM TO BE FULL TIME MISSIONARY AVIATORS.

Program Service Accomplishments

Program 1

Expenses: $2,089,584 Revenue: $10,797

PROVIDED MISSIONARY PILOTS WITH AVIATION FLIGHT HOURS, PROFICIENCY AND EXPERIENCE, HELPED TO SATISFY DEBTS INCURRED DURING EDUCATION AND TRAINING, AND ASSISTED WITH A LIVING WAGE, HOUSING AND...

PROVIDED MISSIONARY PILOTS WITH AVIATION FLIGHT HOURS, PROFICIENCY AND EXPERIENCE, HELPED TO SATISFY DEBTS INCURRED DURING EDUCATION AND TRAINING, AND ASSISTED WITH A LIVING WAGE, HOUSING AND SUFFICIENT TIME FOR SUPPORT RAISING DURING THE INTERIM PERIOD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,947,936

Program Service Revenue $10,797

Investment Income $43,323

Other Revenue $14,434

TOTAL REVENUE $3,016,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,013,050

Fundraising Expenses $17,184

Program Expenses $2,089,584

Other Expenses $392,754

TOTAL EXPENSES $2,405,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,016,490	$2,058,409	+0.5%
Expenses	$2,405,804	$2,214,005	+0.1%
Net Income	$610,686	$-155,596	-4.9%

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

Volunteers

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
TODD AHLQUIST	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HART	DIRECTOR	1.00	Director	$0	$0	$0
PHIL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ARMSTRONG	PRESIDENT	1.00	Officer	$0	$0	$0
CAMERON JOHNSON	VICE PRESIDE	1.00	Officer	$0	$0	$0
BRIAN LARSON	TREASURER	1.00	Officer	$0	$0	$0
DAVE STENZEL	SECRETARY	1.00	Officer	$0	$0	$0
KEITH WILSON	PRESIDENT	1.00	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
2024	$3,016,490	$2,405,804	$1,901,334	$610,686
2023	$2,058,409	$2,214,005	$1,282,222	$-155,596
2022	$2,139,624	$2,080,251	$1,420,942	$59,373
2021	$2,265,542	$1,905,692	$1,372,922	$359,850
2020	$2,046,911	$1,811,075	$1,000,685	$235,836
2019	$1,656,003	$1,490,039	$765,426	$165,964
2018	$1,240,605	$1,120,094	$593,464	$120,511