PUGET SOUND HONOR FLIGHT (EIN 462369397) - 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

2013

Legal Domicile

Principal Officer

Jean Carlon

Phone

2533031130

Tax Period

2025-01-01 to 2025-12-31

PUGET SOUND HONOR FLIGHT, founded in 2013, is a small nonprofit in the Public & Societal Benefit sector that reported $243K in total revenue in fiscal year 2025. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $312K exceeded revenue, resulting in a 29% operating deficit.

Mission

To take WWII Korean War and Vietnam War veterans to Washington D.C. to see the memorials built in their honor. This trip is at no cost to the veterans.

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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 (2025)

Revenue Breakdown

Contributions & Grants $184,427

Program Service Revenue $0

Investment Income $58,200

Other Revenue $0

TOTAL REVENUE $242,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,362

Other Expenses $312,167

TOTAL EXPENSES $312,167

Year-over-Year Comparison

	2025	2024	Change
Revenue	$242,627	$322,867	-0.2%
Expenses	$312,167	$322,261	0.0%
Net Income	$-69,540	$606	-115.8%

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

N/A

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
Jean Carlon	Co Director	30.00	Officer Director	$0	$0	$0
Travis Matheson	Co Director	30.00	Officer Director	$0	$0	$0
Kris Nersveen	Treasurer	30.00	Officer Director	$0	$0	$0
Kris Olin	Secretary	5.00	Officer Director	$0	$0	$0
Denise Rouleau	Board Member	5.00	Director	$0	$0	$0
Peter Schmidt	Board Member	5.00	Director	$0	$0	$0
Christopher Provo	Board Member	5.00	Director	$0	$0	$0
Ed Hedges	Board Member	5.00	Director	$0	$0	$0
Brian Seguin	Board Member	1.00	Director	$0	$0	$0
Kelly Chambers	Board Member	5.00	Director	$0	$0	$0
Nikki Loehmer	Board Member	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
2025	$242,627	$312,167	$994,438	$-69,540
2024	$322,867	$322,261	$1,063,978	$606
2023	$261,348	$196,998	$1,063,372	$64,350
2023	$261,348	$196,998	$1,063,372	$64,350
2022	$97,565	$136,733	$999,022	$-39,168
2021	$231,416	$43,701	$1,038,190	$187,715
2020	$381,512	$11,990	$850,475	$369,522

PUGET SOUND HONOR FLIGHT