HONOR FLIGHT SYRACUSE INC (EIN 454021913) - 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

RICHARD F BLANSETT

Phone

8554335633

Tax Period

2023-01-01 to 2023-12-31

HONOR FLIGHT SYRACUSE INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $446K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 28% operating margin.

Mission

THE ORGANIZATION PROVIDES THE OPPORTUNITY FOR VETERANS TO VISIT NATIONAL MEMORIALS IN WASHINGTON D.C. HONORING THEIR SERVICE IN ACCORDANCE WITH HONOR FLIGHT NETWORK, THE NATIONAL HONOR FLIGHT ORGANIZATION FORMED TO HONOR AMERICA'S VETERANS FOR THE SACRIFICE THEY MADE FOR THE UNITED STATES OF AMERICA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $427,581

Program Service Revenue $0

Investment Income $10,880

Other Revenue $7,252

TOTAL REVENUE $445,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,035

Program Expenses $290,532

Other Expenses $320,569

TOTAL EXPENSES $320,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$445,713	$330,811	+0.3%
Expenses	$320,569	$295,269	+0.1%
Net Income	$125,144	$35,542	+2.5%

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

1361

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
KEVIN BRADLEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
ROBERT SCHOENECK	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
RICHARD F BLANSETT	TREASURER EMERITUS	10.00	Officer Director	$0	$0	$0
ROBINSON W LINGO	SECRETARY	10.00	Officer Director	$0	$0	$0
S JEFFREY BASTABLE	DIRECTOR	5.00	Director	$0	$0	$0
BRANDON BLINCOE	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS J BUONO	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL CUMMINGS	DIRECTOR	5.00	Director	$0	$0	$0
RANDALL D FLATH	DIRECTOR	5.00	Director	$0	$0	$0
DIANE C GREENPOPE	DIRECTOR	5.00	Director	$0	$0	$0
JOHN HALL	DIRECTOR	5.00	Director	$0	$0	$0
KIMBERLY JURENKO	DIRECTOR	5.00	Director	$0	$0	$0
GARY LIVENT	DIRECTOR	5.00	Director	$0	$0	$0
ERIC LORRAINE	DIRECTOR	5.00	Director	$0	$0	$0
ORRIN B MACMURRAY	DIRECTOR	5.00	Director	$0	$0	$0
STEPHEN NEE	DIRECTOR	5.00	Director	$0	$0	$0
JOHN F PADDOCK	DIRECTOR	5.00	Director	$0	$0	$0
JUANITA PEREZ WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
TARA L RENNER	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK ROURK	DIRECTOR	5.00	Director	$0	$0	$0
SANDY SMITH	DIRECTOR	5.00	Director	$0	$0	$0
PAUL TREMONT	DIRECTOR	5.00	Director	$0	$0	$0
MARK VILARDI	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$445,713	$320,569	$762,477	$125,144
2022	$330,811	$295,269	$627,473	$35,542
2021	$260,874	$148,537	$599,789	$112,337
2020	$153,118	$41,285	$480,353	$111,833
2019	$270,044	$235,752	$364,020	$34,292
2018	$240,098	$226,674	$328,173	$13,424

HONOR FLIGHT SYRACUSE INC