FLYING HIGH INC (EIN 341749183) - 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

1994

Legal Domicile

Principal Officer

JEFF MAGADA

Phone

3307973995

Tax Period

2022-07-01 to 2023-06-30

FLYING HIGH INC, founded in 1994, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 13% surplus.

Mission

ADDICTION AND RECOVERY SUPPORT SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,146,349

Program Service Revenue $616,935

Investment Income $88

Other Revenue $71,466

TOTAL REVENUE $2,834,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,284,293

Fundraising Expenses $0

Program Expenses $2,161,407

Other Expenses $1,181,413

TOTAL EXPENSES $2,465,706

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,834,838	$2,416,084	+0.2%
Expenses	$2,465,706	$2,058,308	+0.2%
Net Income	$369,132	$357,776	+0.0%

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

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

$79,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DETEC ESQ	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
ALBERT F CALFO II	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES N DIPILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
RHONDA CHICONE	BOARD MEMEBER	1.00	Director	$0	$0	$0
DARRYL ALEXANDER	BOARD MEMEBER	1.00	Director	$0	$0	$0
JEFFREY M MAGADA	EXECUTIVE DIRECTOR	40.00	Officer	$79,845	$0	$79,845

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	No data	No data	No data	No data
2023	$2,834,838	$2,465,706	$2,675,933	$369,132
2022	$2,416,084	$2,058,308	$1,516,828	$357,776
2021	$1,438,373	$1,531,737	$850,005	$-93,364
2020	$1,268,588	$1,295,475	$749,807	$-26,887
2019	$1,380,354	$1,291,816	$663,201	$88,538
2018	$1,304,204	$1,340,260	$576,009	$-36,056

FLYING HIGH INC