HONOR FLIGHT NORTHERN ARIZONA

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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

At this time Honor Flight Arizona provides WWll, Korean, and Vietnam Veterans with a trip to Washington D. C to see the memorials built in their honor. Trip includes airfare, meals, hotel, and transportation. We sponsored 390 veterans and we used 202 guardians on these trips to care for the Veterans.

Program Service Accomplishments

Program 1

Expenses: $694,345 Revenue: $677,722

Completed 9 flights to Washington DC with a total of 390 Veterans and 202 guardians. Three day trip departed Phoenix, Arizona and return..

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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