Honor Flight Austin (EIN 455332978) - 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

2012

Legal Domicile

Principal Officer

Matt Mathias

Phone

8885308880

Tax Period

2023-01-01 to 2023-12-31

Honor Flight Austin, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $551K in total revenue in fiscal year 2023. Expenses of $493K left a modest 11% surplus.

Mission

Our goal is helping every single veteran in Texas, willing and able of getting on a plane or a bus, visit THEIR 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 (2023)

Revenue Breakdown

Contributions & Grants $535,095

Program Service Revenue $0

Investment Income $16,031

Other Revenue $0

TOTAL REVENUE $551,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,862

Program Expenses $469,863

Other Expenses $492,605

TOTAL EXPENSES $492,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$551,126	$554,324	0.0%
Expenses	$492,605	$456,949	+0.1%
Net Income	$58,521	$97,375	-0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Mathias	Chairman	12.00	Officer Director	$0	$0	$0
Lee Leffingwell	Vice Chairman	3.00	Officer Director	$0	$0	$0
Cindy Kendrick	Secretary	10.00	Officer Director	$0	$0	$0
Michele Cuteri	Treasurer	20.00	Officer Director	$0	$0	$0
Nancy Glass	Dir Medical	15.00	Director	$0	$0	$0
Ed Piker	Dir Med Support	1.00	Director	$0	$0	$0
Steven Quakenbush	CEO	20.00	Officer Director	$0	$0	$0
Joe Beal	Director	4.00	Director	$0	$0	$0
Leigh Ann Hendricks	Director	1.00	Director	$0	$0	$0
Patrick Johnson	Director	1.00	Director	$0	$0	$0
Frank Leffingwell	Director	1.00	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	$551,126	$492,605	$927,808	$58,521
2022	$554,324	$456,949	$869,287	$97,375
2021	$435,934	$202,222	$771,912	$233,712
2020	$151,966	$24,830	$538,200	$127,136
2019	$610,415	$419,361	$411,064	$191,054
2018	$472,699	$393,724	$220,010	$78,975

Honor Flight Austin