Honor Flight Northeast Indiana Inc (EIN 262115082) - 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

Cathy Berkshire

Phone

2606330049

Tax Period

2024-01-01 to 2024-12-31

Honor Flight Northeast Indiana Inc, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $937K in total revenue in fiscal year 2024. The organization ran a surplus of $258K, a strong 27% operating margin.

Mission

Safely transport Americas veterans to Washington DC to visit those memorials dedicated to honor their sacrifices

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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 $919,836

Program Service Revenue $0

Investment Income $17,229

Other Revenue $0

TOTAL REVENUE $937,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $638,581

Other Expenses $679,482

TOTAL EXPENSES $679,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$937,065	$888,063	+0.1%
Expenses	$679,482	$906,770	-0.3%
Net Income	$257,583	$-18,707	-14.8%

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
MAX ROBISON	Director	15.00	Director	$0	$0	$0
CATHY BERKSHIRE	President	35.00	Officer Director	$0	$0	$0
JOHN BIRELEY	Treasurer	10.00	Officer Director	$0	$0	$0
ADAM BROUWER	Vice President	15.00	Officer Director	$0	$0	$0
CARL HUBER	Director	5.00	Director	$0	$0	$0
TOM MEYERS	Director	5.00	Director	$0	$0	$0
MICHAEL THENA	Director	10.00	Director	$0	$0	$0
BILL TURIFF	Director	5.00	Director	$0	$0	$0
BEN CLAY	Director	5.00	Director	$0	$0	$0
BILL WEISS	Director	5.00	Director	$0	$0	$0
GENE LANGUELL	Secretary	10.00	Officer Director	$0	$0	$0
ALETA WEISS	Director	5.00	Director	$0	$0	$0
DUANE GINDER	Director	5.00	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	$937,065	$679,482	$2,400,698	$257,583
2023	$888,063	$906,770	$2,143,115	$-18,707
2022	$595,237	$623,821	$2,161,823	$-28,584
2021	$315,129	$107,564	$2,190,407	$207,565
2020	$551,074	$255,764	$1,982,841	$295,310
2018	$913,552	$494,911	$1,514,250	$418,641

Honor Flight Northeast Indiana Inc