HONOR FLIGHT INC (EIN 202751460) - 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

2005

Legal Domicile

Principal Officer

FRANCIS P KIMLER

Phone

9375212400

Tax Period

2023-01-01 to 2023-12-31

HONOR FLIGHT INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

TO HONOR AMERICA'S VETERANS BY PROVIDING THEM WITH FREE TRANSPORTATION TO WASHINGTON D.C. TO VISIT THOSE MEMORIALS DEDICATED TO HONOR THEIR SERVICE AND SACRIFICES.

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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 $2,032,144

Program Service Revenue $1,504,919

Investment Income $80,095

Other Revenue $0

TOTAL REVENUE $3,617,158

Expense Breakdown

Grants Paid $1,119,943

Salaries & Benefits $580,342

Fundraising Expenses $87,586

Program Expenses $3,358,207

Other Expenses $1,911,580

TOTAL EXPENSES $3,611,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,617,158	$4,942,626	-0.3%
Expenses	$3,611,865	$3,192,630	+0.1%
Net Income	$5,293	$1,749,996	-1.0%

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

200

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

$288,903

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK KIMLER	TREASURER	3.00	Officer Director	$0	$0	$0
PAULA NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN ZIEGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA WERNER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
TERESA PURTIMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
MATTHEW SHUMAN	BOARD CHAIRMAN	5.00	Officer Director	$0	$0	$0
JOHN MCCASKILL	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT CARR	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON GROWER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM SWAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE ROULEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREDITH ROSENBECK	CEO	40.00	Officer	$168,903	$0	$168,903
MARION WATKINS	CHIEF OF STAFF	40.00	Officer	$120,000	$0	$120,000

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	No data	No data	No data	No data
2023	$3,617,158	$3,611,865	$4,715,289	$5,293
2022	$4,942,626	$3,192,630	$4,791,021	$1,749,996
2021	$2,037,473	$1,673,782	$2,964,603	$363,691
2020	$1,446,917	$1,058,387	$2,441,380	$388,530
2019	$2,585,404	$2,594,529	$2,060,011	$-9,125
2018	$2,089,471	$2,573,936	$2,017,845	$-484,465

HONOR FLIGHT INC