FLAG CITY HONOR FLIGHT INC

EIN: 274654786 501(c)(3) Human Services

FINDLAY, OH

Total Revenue
$781,898
Total Expenses
$498,687
Total Assets
$1,399,902
Net Assets
$1,399,902
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
OH
Principal Officer
J STEVE SCHULT
Phone
4195950935
Tax Period
2024-01-01 to 2024-12-31

FLAG CITY HONOR FLIGHT INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $782K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $283K, a strong 36% operating margin.

Mission

THE MISSION OF THE FLAG CITY HONOR FLIGHT IS TO TAKE OUR VETERANS TO WASHINGTON D.C. TO VISIT THE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $734,332
Program Service Revenue $10,902
Investment Income $23,259
Other Revenue $13,405
TOTAL REVENUE $781,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $51,440
Program Expenses $429,423
Other Expenses $498,687
TOTAL EXPENSES $498,687

Year-over-Year Comparison

2024 2023 Change
Revenue $781,898 $484,945 +0.6%
Expenses $498,687 $426,507 +0.2%
Net Income $283,211 $58,438 +3.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
500

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE SCHULT PRESIDENT 5.00
Officer
$0 $0 $0
ALLISON QUINLAN VICE-PRESIDENT 5.00
Officer
$0 $0 $0
BILL EDWARDS SECRETARY 5.00
Officer
$0 $0 $0
ALETA YATES TREASURER 15.00
Officer
$0 $0 $0
MELODY DREWES BOARD MEMBER 5.00
Director
$0 $0 $0
BEVERLY MCMASTER BOARD MEMBER 5.00
Director
$0 $0 $0
GREG PANNING BOARD MEMBER 5.00
Director
$0 $0 $0
KELLEY VAN ATTA BOARD MEMBER 5.00
Director
$0 $0 $0
KRISSY VAN ATTA BOARD MEMBER 5.00
Director
$0 $0 $0
ELIZABETH GRANT BOARD MEMBER 5.00
Director
$0 $0 $0
MALLORY CROOKS BOARD MEMBER 5.00
Director
$0 $0 $0
MINDY KALTENBACH BOARD MEMBER 5.00
Director
$0 $0 $0
WILL MILLER BOARD MEMBER 5.00
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 $781,898 $498,687 $1,399,902 $283,211
2023 $484,945 $426,507 $1,116,691 $58,438
2022 $599,531 $331,140 $1,058,253 $268,391
2021 $205,932 $107,282 $789,862 $98,650
2020 $151,898 $53,773 $691,212 $98,125
2019 $427,147 $166,050 $593,087 $261,097
2018 $388,595 $379,928 $331,990 $8,667
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