Indy Honor Flight Inc (EIN 453946329) - 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

2011

Legal Domicile

Principal Officer

Dale True

Phone

3173722680

Tax Period

2024-01-01 to 2024-12-31

Indy Honor Flight Inc, founded in 2011, is a small nonprofit in the Public & Societal Benefit sector that reported $551K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $130K, a strong 24% operating margin.

Mission

To provide transportation of veterans to Washington DC War Memorial

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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 $535,461

Program Service Revenue $0

Investment Income $15,747

Other Revenue $0

TOTAL REVENUE $551,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $421,502

Other Expenses $421,502

TOTAL EXPENSES $421,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$551,208	$774,626	-0.3%
Expenses	$421,502	$831,767	-0.5%
Net Income	$129,706	$-57,141	-3.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dale True	Chairman	30.00	Director	$0	$0	$0
Trina Winegardner	President	4.00	Director	$0	$0	$0
Dennis Disney	Vice President	4.00	Director	$0	$0	$0
Ashley True	Treasurer	4.00	Director	$0	$0	$0
Stephanie Gessner	Secretary	4.00	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
2025	No data	No data	No data	No data
2024	$551,208	$421,502	$820,674	$129,706
2023	$774,626	$831,767	$18,326	$-57,141
2022	$759,051	$737,831	$75,467	$21,220
2021	$157,690	$19,251	$736,513	$138,439
2020	$241,358	$133,096	$598,074	$108,262
2019	$533,668	$392,807	$489,812	$140,861
2018	$427,573	$311,268	$348,951	$116,305

Indy Honor Flight Inc