VETERANS AIRLIFT COMMAND

EIN: 204567769 501(c)(3) Human Services

MINNEAPOLIS, MN

Total Revenue
$3,843,238
Total Expenses
$2,755,518
Total Assets
$14,256,456
Net Assets
$14,143,057
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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
2006
Legal Domicile
MN
Principal Officer
WALT FRICKE
Phone
9525822911
Tax Period
2024-01-01 to 2024-12-31

VETERANS AIRLIFT COMMAND, founded in 2006, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $1.1M, a strong 28% operating margin.

Mission

PROVIDES COST FREE TRANSPORTATION FOR WOUNDED VETERANS AND THEIR FAMILIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,214,343
Program Service Revenue $0
Investment Income $628,895
Other Revenue $0
TOTAL REVENUE $3,843,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $513,573
Fundraising Expenses $79,503
Program Expenses $2,548,269
Other Expenses $2,241,945
TOTAL EXPENSES $2,755,518

Year-over-Year Comparison

2024 2023 Change
Revenue $3,843,238 $4,279,465 -0.1%
Expenses $2,755,518 $3,296,677 -0.2%
Net Income $1,087,720 $982,788 +0.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
2577

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
2
$331,755
Total Directors
3
$140,729
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALT FRICKE CHARIMAN & CFO 40.00
Officer Director
$112,583 $28,146 $140,729
TIM FYDA BOARD MEMBER 1.00
Director
$0 $0 $0
PETER BUNCE BOARD MEMBER 1.00
Director
$0 $0 $0
JEN SALVATI EXECUTIVE DIRECTOR 40.00
Officer
$152,821 $38,205 $191,026
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
2025 No data No data No data No data
2024 $3,843,238 $2,755,518 $14,256,456 $1,087,720
2023 $4,279,465 $3,296,677 $12,709,216 $982,788
2022 $4,023,751 $3,222,190 $10,791,616 $801,561
2021 $4,833,504 $3,589,875 $11,466,766 $1,243,629
2020 $3,286,311 $2,545,078 $9,996,395 $741,233
2019 $5,381,076 $4,272,942 $9,653,413 $1,108,134
2018 $5,477,341 $4,195,084 $7,751,263 $1,282,257
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