HONOR FLIGHT OF SOUTHERN COLORADO

EIN: 451452929 501(c)(3) Arts, Culture & Humanities

COLORADO SPGS, CO

Total Revenue
$310,708
Total Expenses
$179,736
Total Assets
$186,755
Net Assets
$186,755
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
CO
Principal Officer
James Sheridan
Phone
7193016778
Tax Period
2024-01-01 to 2024-12-31

HONOR FLIGHT OF SOUTHERN COLORADO, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $311K in total revenue in fiscal year 2024. Revenue surged 1218% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131K, a strong 42% operating margin.

Mission

Honor Flight of Southern Colorado is part of the Honor Flight Network a national organization with a mission of honoring our nations veterans by bringing them to Washington DC to visit the memorials dedicated to their service and sacrifice. Honor Flight of Southern Colorado takes veterans from the World War II Korea and Vietnam eras on a three day all-expense paid trip to our nations capital.

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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 $74,639
Program Service Revenue $0
Investment Income $9
Other Revenue $236,060
TOTAL REVENUE $310,708

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $179,736
Other Expenses $179,736
TOTAL EXPENSES $179,736

Year-over-Year Comparison

2024 2023 Change
Revenue $310,708 $23,581 +12.2%
Expenses $179,736 $5,322 +32.8%
Net Income $130,972 $18,259 +6.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
160

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cindy Long President 5.00
Officer
$0 $0 $0
Sterling Campbell Vice President 2.00
Officer
$0 $0 $0
Oscar Vughn Board member 4.00
Director
$0 $0 $0
Barbara Harris Boardmember 4.00
Director
$0 $0 $0
Roger Bhishop Board member 4.00
Director
$0 $0 $0
Tammy Baugh Board member 5.00
Director
$0 $0 $0
Shelley Murray Board Member 4.00
Director
$0 $0 $0
James Sheridan Board Member 1.00
Director
$0 $0 $0
Michelle McArthur Treasurer 2.00
Officer
$0 $0 $0
Brian Murphy Board Member 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 $310,708 $179,736 $186,755 $130,972
2023 $28,133 $5,322 $55,783 $22,811
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