HONORAIR - KNOXVILLE INC (EIN 262825063) - 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

DAWN FORD

Phone

8658599279

Tax Period

2024-01-01 to 2024-12-31

HONORAIR - KNOXVILLE INC, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $128K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $321K exceeded revenue, resulting in a 150% operating deficit.

Mission

HONORAIR-KNOXVILLE'S GOAL IS TO FLY EAST TENNESSEE WORLD WAR II, KORENAN WAR, AND VIETNAM WAR VETRANS TO WASHINGTON D.C. TO VIEW WAR MEMORIALS BUILT IN THEIR HONOR.

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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 $80,855

Program Service Revenue $33,850

Investment Income $13,583

Other Revenue $0

TOTAL REVENUE $128,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,527

Other Expenses $320,904

TOTAL EXPENSES $320,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,288	$151,182	-0.2%
Expenses	$320,904	$283,116	+0.1%
Net Income	$-192,616	$-131,934	+0.5%

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
C EDWARD MANNIS JR	PRESIDENT	N/A	Officer	$0	$0	$0
JOE SUTTER	BOARD MEMBER	N/A	Director	$0	$0	$0
CHARLIE HARR	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM CUNDALL	BOARD MEMBER	N/A	Director	$0	$0	$0
DAWN FORD	BOARD MEMBER	N/A	Director	$0	$0	$0
JANICE L RECTOR	SECRETARY	N/A	Officer	$0	$0	$0
TAYLOR WORTHAM	TREASURER	N/A	Officer	$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	$128,288	$320,904	$369,240	$-192,616
2023	$151,182	$283,116	$557,783	$-131,934
2022	$180,167	$174,674	$689,706	$5,493
2021	$80,081	$28,375	$684,554	$51,706
2020	$77,796	$21,241	$632,572	$56,555
2019	$343,157	$253,694	$575,946	$89,463

HONORAIR - KNOXVILLE INC