NATIONAL FLAG FOUNDATION (EIN 237046914) - 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

1968

Legal Domicile

Principal Officer

ROMEL NICHOLAS

Phone

4122611776

Tax Period

2024-01-01 to 2024-12-31

NATIONAL FLAG FOUNDATION, founded in 1968, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $43K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $119K exceeded revenue, resulting in a 179% operating deficit.

Mission

TO EDUCATE ABOUT THE AMERICAN FLAG AND TO HONOR THOSE WHO SERVE TO PROTECT IT.

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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 $42,774

Program Service Revenue $0

Investment Income $39

Other Revenue $0

TOTAL REVENUE $42,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $110,911

Other Expenses $119,291

TOTAL EXPENSES $119,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,813	$28,460	+0.5%
Expenses	$119,291	$120,110	0.0%
Net Income	$-76,478	$-91,650	-0.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROMEL NICHOLAS	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JASON CANNON	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
JAMES CRAWFORD	TREASURER	0.10	Officer Director	$0	$0	$0
GARY M DILMORE	SECRETARY	0.10	Officer Director	$0	$0	$0
FRANK J DECARLO	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT CAPLAN	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL A DUNN MD FACP	DIRECTOR	0.10	Director	$0	$0	$0
PETER J KEIM MD	DIRECTOR	0.10	Director	$0	$0	$0
SANDI MCQUAIDE	DIRECTOR	0.10	Director	$0	$0	$0
SUE ROBERTS	DIRECTOR	0.10	Director	$0	$0	$0
MIKE THOMPSON	DIRECTOR	0.10	Director	$0	$0	$0
JO ANN MAITLAND	DIRECTOR	0.10	Director	$0	$0	$0
PAUL J WANSTREET	DIRECTOR	0.10	Director	$0	$0	$0
CAROLYN WELSH	DIRECTOR	0.10	Director	$0	$0	$0
NORRIS C BLOUNT	DIRECTOR	0.10	Director	$0	$0	$0
JOHN BANASZAK	DIRECTOR	0.10	Director	$0	$0	$0
JAMES A HILL	DIRECTOR	0.10	Director	$0	$0	$0
JUDY MURTHA	DIRECTOR	0.10	Director	$0	$0	$0
ROCKY BLEIER	DIRECTOR	0.10	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	$42,813	$119,291	$766,487	$-76,478
2023	$28,460	$120,110	$842,965	$-91,650
2022	$7,785	$189,630	$934,615	$-181,845
2021	$145,498	$99,858	$1,116,460	$45,640
2020	$55,651	$167,368	$1,135,113	$-111,717
2018	$529,986	$158,290	$830,572	$371,696

NATIONAL FLAG FOUNDATION