EASTERN IOWA HONOR FLIGHT (EIN 271666013) - 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

2010

Legal Domicile

Principal Officer

LYNETTE VOSS

Phone

8553443435

Tax Period

2024-01-01 to 2024-12-31

EASTERN IOWA HONOR FLIGHT, founded in 2010, is a small nonprofit in the Education sector that reported $611K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 25% operating margin.

Mission

THE ORGANIZATIONS MISSION IS TO FLY VETERANS FROM CEDAR RAPIDS IA TO WASHINGTON DC TO SEE THE MONUMENTS 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 $376,723

Program Service Revenue $171,001

Investment Income $39,054

Other Revenue $24,593

TOTAL REVENUE $611,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $441,810

Other Expenses $458,439

TOTAL EXPENSES $458,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$611,371	$421,807	+0.4%
Expenses	$458,439	$422,078	+0.1%
Net Income	$152,932	$-271	-565.3%

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
LYNETTE VOSS	PRESIDENT	10.00	Officer Director	$0	$0	$0
ZAC GRIMM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL WEAVERLING	TREASURER	2.00	Officer Director	$0	$0	$0
CONNIE ARENS	SECRETARY	2.00	Officer Director	$0	$0	$0
BECKY CROY	DIRECTOR	2.00	Director	$0	$0	$0
DOUG HOEGER	DIRECTOR	2.00	Director	$0	$0	$0
DARCY MOULIN	DIRECTOR	2.00	Director	$0	$0	$0
DICK BELL	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN WILKEN	DIRECTOR	2.00	Director	$0	$0	$0
FRANK GRIZEL	DIRECTOR	2.00	Director	$0	$0	$0
KAREN HACKE	DIRECTOR	2.00	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	$611,371	$458,439	$1,151,232	$152,932
2023	$421,807	$422,078	$1,000,244	$-271
2022	$441,132	$415,919	$999,408	$25,213
2021	$409,908	$269,093	$978,001	$140,815
2020	$173,448	$9,686	$841,822	$163,762
2019	$482,654	$350,629	$665,080	$132,025
2018	$412,668	$401,529	$534,161	$11,139

EASTERN IOWA HONOR FLIGHT