VERTICAL FLIGHT FOUNDATION (EIN 236428319) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

ANGELO N COLLINS

Phone

7036846777

Tax Period

2023-01-01 to 2023-12-31

VERTICAL FLIGHT FOUNDATION, founded in 1970, is a micro nonprofit that reported $48K in total revenue in fiscal year 2019. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $107K exceeded revenue, resulting in a 124% operating deficit.

Mission

PROVIDE SCHOLARSHIPS TO INDIVIDUALS LIKELY TO UNDERTAKE A CAREER IN VERTICAL FLIGHT TECHNOLOGY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $65,880

Program Service Revenue $0

Investment Income $47,330

Other Revenue $0

TOTAL REVENUE $113,210

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $0

TOTAL EXPENSES $100,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,210	$74,371	+0.5%
Expenses	$100,000	$108,024	-0.1%
Net Income	$13,210	$-33,653	-1.4%

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

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

$327,199

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HIRSCHBEG	EXECUTIVE DIRECTOR (JAN - MAY)	4.00	Director	$0	$7,054	$190,473
ANGELO COLLINS	EXECUTIVE DIRECTOR (JUNE - PRESENT)	4.00	Director	$0	$2,102	$136,726
TOMASZ KRYSINSKI	TRUSTEE	1.00	Director	$0	$0	$0
HARRY NAHATIS	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN KJ JOLIVETTE	TRUSTEE	1.00	Director	$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	No data	No data	No data	No data
2023	$113,210	$100,000	$1,559,288	$13,210
2022	$74,371	$108,024	$1,329,171	$-33,653
2021	$118,036	$115,832	$1,750,200	$2,204
2021	$118,036	$115,832	$1,752,812	$2,204
2020	$985,710	$108,376	$1,584,863	$877,334
2019	$47,718	$106,675	$679,296	$-58,957

VERTICAL FLIGHT FOUNDATION