FLIGHT 2014 INC

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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

WILL MICHAELS

Phone

7278231332

Tax Period

2021-07-01 to 2022-06-30

Mission

TO PLAN, PROMOTE, COORDINATE CIVIC ACTIVITIES PUBLIC EVENTS IN THE TAMPA BAY AREA TO CELEBRATE THE 100 YEAR ANNIVERSARY OF SCHEDULED COMMERCIAL AVIATION BETWEEN THE CITIES OF ST. PETERSBURG TAMPA.

Program Service Accomplishments

Program 1

Expenses: $30,041

CREATED A MONUMENT PLAZA COMMEMORATING THE CENTENNIAL OF THE 1ST AIRLINE IN ST. PETERSBURG, THE BIRTHPLACE OF GLOBAL COMMERICAL AVIATION. EVEN THOUGH THE MONUMENT WAS DEDICATED IN FEBRUARY 2021, SOME ADDITIONAL WORK NEEDED TO BE DONE. AS OF JUNE 30, 2022, THE MONUMENT AND PLAZA WERE COMPLETED, AND SUBSEQUENTLY GIVEN TO THE CITY OF ST. PETERSBURG, FL. OUR ORGANIZATION WILL BE FILING OUR FINAL RETURN AS OF 6/30/2023.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,041

Other Expenses $30,077

TOTAL EXPENSES $30,077

Year-over-Year Comparison

	2021	2020	Change
Revenue	N/A	$31,021	-1.0%
Expenses	$30,077	$321,166	-0.9%
Net Income	N/A	$-290,145	N/A

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

N/A

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
WILL MICHAELS	PRESIDENT	003.00	Officer Director	$0	$0	$0
JOHN N BOWMAN	TREASURER	002.00	Officer Director	$0	$0	$0
WARREN J BROWN MD	DIRECTOR	001.00	Director	$0	$0	$0
CHRIS DAVIS	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
JOAN KARINS	DIRECTOR	001.00	Director	$0	$0	$0
ALAN KAHLE	DIRECTOR	001.00	Director	$0	$0	$0
MARY P FLETCHER	SECRETARY	001.00	Officer 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
2022	No data	$30,077	$78,232	No data
2021	$31,021	$321,166	$108,309	$-290,145
2020	$439,855	$532,498	$398,454	$-92,643