HONOR FLIGHT CHICAGO CORP (EIN 261978570) - 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

2008

Legal Domicile

Principal Officer

JOHN PTAK

Phone

7732278387

Tax Period

2023-10-01 to 2024-09-30

HONOR FLIGHT CHICAGO CORP, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 6% surplus.

Mission

TO RECOGNIZE THE BRAVERY, DETERMINATION AND PATRIOTISM OF AMERICA'S SENIOR VETERANS WITH AN ALL-EXPENSE PAID, ONE-OF-A-KIND JOURNEY TO WASHINGTON DC FOR A DAY OF HONOR, THANKS AND INSPIRATION. SINCE FORMATION, THE ORGANIZATION HAS FLOWN 11,318 VETERANS.

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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 $1,252,530

Program Service Revenue $144,285

Investment Income $29,551

Other Revenue $168,296

TOTAL REVENUE $1,594,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,000

Fundraising Expenses $22,481

Program Expenses $1,388,366

Other Expenses $1,190,597

TOTAL EXPENSES $1,494,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,594,662	$1,416,276	+0.1%
Expenses	$1,494,597	$1,140,129	+0.3%
Net Income	$100,065	$276,147	-0.6%

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

1758

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
DOUGLAS MEFFLEY	MANAGING DIR	0.00	Highest	$112,192	$0	$112,192
ALAN GARFIELD	DIRECTOR	0.75	Director	$0	$0	$0
CYNDI GREENGLASS	SECRETARY	0.75	Officer Director	$0	$0	$0
PAUL MEINEKE	VICE PRESIDE	0.75	Officer Director	$0	$0	$0
MARK MESKIMEN	DIRECTOR	0.75	Director	$0	$0	$0
BONNI PEAR	DIRECTOR	0.75	Director	$0	$0	$0
MARY PETTINATO	TREASURER FO	0.75	Officer Director	$0	$0	$0
JOHN PTAK	PRESIDENT	4.00	Officer Director	$0	$0	$0
PETER RICHEY	DIRECTOR	0.75	Director	$0	$0	$0
VINCE WILSON	DIRECTOR	0.75	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	$1,594,662	$1,494,597	$2,885,048	$100,065
2023	$1,416,276	$1,140,129	$2,671,335	$276,147
2022	$1,111,880	$1,303,951	$2,435,362	$-192,071
2021	$1,145,215	$696,667	$2,707,137	$448,548
2020	$1,164,220	$603,981	$2,093,832	$560,239

HONOR FLIGHT CHICAGO CORP