HONOR FLIGHT NORTHERN ARIZONA (EIN 264015751) - 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

Gaylene Nichols

Phone

9283771020

Tax Period

2024-11-01 to 2025-10-31

HONOR FLIGHT NORTHERN ARIZONA, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $678K in total revenue in fiscal year 2024. Revenue surged 135% from the prior year, signaling strong growth momentum.

Mission

The mission of Honor Flight Arizona is to pay homage to WWll, Korean, and Vietnam Veterans by providing the support needed for them to complete a three day journey of honor and remembrance to their memorials in Washington D. C. at no cost to them. Our Secondary mission is to educate our youth about the impact of WWll, Korean, and Vietnam War and the freedoms that our nation enjoys because of the service of the WWll, Korean, and Vietnam 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 (2024)

Revenue Breakdown

Contributions & Grants $677,722

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $677,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $694,345

Other Expenses $705,082

TOTAL EXPENSES $705,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$677,722	$288,801	+1.3%
Expenses	$705,082	$434,290	+0.6%
Net Income	$-27,360	$-145,489	-0.8%

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
Lisa Rosetty	Lodging/Meals Coordinator	10	Director	$0	$0	$0
Diane Franzese	President	20	Officer Director	$0	$0	$0
Matthew Hartman	Logistics Coordinator	10	Director	$0	$0	$0
Robert Krug	Vice-President	10	Officer Director	$0	$0	$0
Richard Hardina	Volunteer Coordinator	10	Director	$0	$0	$0
Karen Friddle	Secretary	20	Officer Director	$0	$0	$0
Gaylene Nichols	Treasurer	15	Officer Director	$0	$0	$0
Diana Johnson	Medical Coordinator	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
2025	$677,722	$705,082	$485,420	$-27,360
2024	$288,801	$434,290	$512,780	$-145,489
2023	$332,992	$491,495	$658,269	$-158,503
2022	$267,717	$290,240	$816,772	$-22,523
2021	$532,437	$7,849	$839,295	$524,588
2020	$257,662	$130,897	$314,707	$126,765

HONOR FLIGHT NORTHERN ARIZONA