HONOR FLIGHT NEW ENGLAND INC (EIN 272541033) - 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

JOSEPH BYRON

Phone

6035185368

Tax Period

2023-01-01 to 2023-12-31

HONOR FLIGHT NEW ENGLAND INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $291K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $60K, a strong 21% operating margin.

Mission

TO EXPRESS GRATITUDE AND APPRECIATION FOR THE SERVICE AND SACRIFICE OF VETERANS OF WAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $201,114

Program Service Revenue $1,978

Investment Income $11,467

Other Revenue $76,459

TOTAL REVENUE $291,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,307

Fundraising Expenses $42,534

Program Expenses $136,237

Other Expenses $158,540

TOTAL EXPENSES $230,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,018	$361,911	-0.2%
Expenses	$230,847	$270,074	-0.1%
Net Income	$60,171	$91,837	-0.3%

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

Volunteers

N/A

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

$52,413

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MANGONE	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALLAN WHITE	TREASURER	5.00	Officer Director	$0	$0	$0
DENISE LAZOTT	DIRECTOR	5.00	Director	$0	$0	$0
SHEILA PETERS	DIRECTOR	5.00	Director	$0	$0	$0
JOSHUA GELLER	DIRECTOR	5.00	Director	$0	$0	$0
KRISTINE KOZUCH	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH BYRON	EXECUTIVE DIRECTOR	30.00	Officer	$52,413	$0	$52,413

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$291,018	$230,847	$641,725	$60,171
2022	$361,911	$270,074	$579,231	$91,837
2021	$254,377	$155,942	$485,942	$98,435

HONOR FLIGHT NEW ENGLAND INC