ILL Fly Away Foundation

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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

2011

Legal Domicile

Principal Officer

Elizabeth Bernier

Phone

9049907755

Tax Period

2019-01-01 to 2019-12-31

ILL Fly Away Foundation, founded in 2011, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $15K in total revenue in fiscal year 2019. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $24K exceeded revenue, resulting in a 56% operating deficit.

Mission

The achievement has been to teach children in schools the fundamentals of song writing, how to map a song and grass roots thinking and memory skills. The Foundation also awards scholarships for music graduates.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

The major achievement for 2019 was being able to survive during COVID 19

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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 (2019)

Revenue Breakdown

Contributions & Grants $15,405

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,500

Fundraising Expenses $14,380

Program Expenses $4,444

Other Expenses $20,554

TOTAL EXPENSES $24,054

Year-over-Year Comparison

	2019	2018	Change
Revenue	$15,405	$144,406	-0.9%
Expenses	$24,054	$130,520	-0.8%
Net Income	$-8,649	$13,886	-1.6%

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

N/A

Independent Members

N/A

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

$3,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Bernier	Organizer	20.00	Officer	$3,500	$0	$3,500

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
2019	$15,405	$24,054	No data	$-8,649
2018	$144,406	$130,520	No data	$13,886