HONOR FLIGHT MICHIGAN LEGACY INC (EIN 412232306) - 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

2007

Legal Domicile

Phone

2488081230

Tax Period

2024-01-01 to 2024-12-31

HONOR FLIGHT MICHIGAN LEGACY INC, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $64K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $36K, a strong 56% operating margin.

Mission

PLANNING AND BUILDING A WWII VETERANS MEMORIAL IN MICHIGAN, SERVING OVER 750 VETERANS.

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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 $63,700

Program Service Revenue $0

Investment Income $23

Other Revenue $0

TOTAL REVENUE $63,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $375

Program Expenses $22,256

Other Expenses $27,755

TOTAL EXPENSES $28,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,723	$158,791	-0.6%
Expenses	$28,130	$267,868	-0.9%
Net Income	$35,593	$-109,077	-1.3%

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	Role	Reportable Comp	Other Comp	Total
DEBRA HOLLIS	DIRECTOR	Director	$0	$0	$0
RUSSELL LEVINE	DIRECTOR	Director	$0	$0	$0
RYAN FRIEDRICHS	DIRECTOR	Director	$0	$0	$0
JUDITH MATEN	DIRECTOR	Director	$0	$0	$0
MIKE MASTANTUONO	TREASURER	Officer	$0	$0	$0
KIM JONES	SECRETARY	Officer	$0	$0	$0
JOHN MATEN	PRESIDENT	Officer	$0	$0	$0
CHRISTOPHER GRAVELINE	VICE PRESIDENT	Officer	$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	$63,723	$28,130	$483,090	$35,593
2023	$158,791	$267,868	$446,595	$-109,077
2022	$109,341	$121,972	$555,672	$-12,631
2021	$81,040	$16,532	$537,561	$64,508

HONOR FLIGHT MICHIGAN LEGACY INC