SPIRIT OF FLIGHT FOUNDATION (EIN 260505368) - 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

2006

Legal Domicile

Principal Officer

GORDON R PAGE

Phone

2085464882

Tax Period

2023-01-01 to 2023-12-31

SPIRIT OF FLIGHT FOUNDATION, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $460K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $408K, a strong 89% operating margin.

Mission

OUR MISSION IS TO SAVE AND DISPLAY AIRCRAFT AND FLIGHT MEMORABILIA TO HONOR ALL US VETERANS AND TO EDUCATE THE GENERAL PUBLIC

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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 $459,935

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $459,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $51,611

TOTAL EXPENSES $51,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$459,935	$322,731	+0.4%
Expenses	$51,611	$38,203	+0.4%
Net Income	$408,324	$284,528	+0.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GORDON R PAGE	EXECUTIVE DIRECTOR	32.00	Officer Director Key Emp	$0	$0	$0
TRACEY L PAGE	SECRETARY TREASURER	10.00	Officer Director Key Emp	$0	$0	$0
CHRIS PEDERSEN	DIRECTOR	5.00	Director	$0	$0	$0
DENNIS RUCH	DIRECTOR	5.00	Director	$0	$0	$0
DOUG EASTMAN	DIRECTOR	5.00	Director	$0	$0	$0
KIM PETICOLAS	DOCENT	5.00	Key Emp	$0	$0	$0
CELIA MORRISSEY	DOCENT	5.00	Key Emp	$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	$459,935	$51,611	$1,889,318	$408,324
2022	$322,731	$38,203	$1,456,267	$284,528
2021	$40,869	$27,623	$1,164,838	$13,246
2020	$49,008	$49,085	$1,218,937	$-77

SPIRIT OF FLIGHT FOUNDATION