HONOR FLIGHT SOUTHERN NEVADA

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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

BELINDA MORSE

Phone

7027495912

Tax Period

2025-01-01 to 2025-12-31

HONOR FLIGHT SOUTHERN NEVADA, founded in 2013, is a small nonprofit in the Public & Societal Benefit sector that reported $298K in total revenue in fiscal year 2025. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 43% operating margin.

Mission

HONOR FLIGHT SOUTHERN NEVADA MISSION IS TO HONOR US VETERANS OF WORLD WAR II, KOREA AND THE VIETNAM WAR BY FLYING THEM TO WASHINGTON D.C., COMPLETELY FREE OF CHARGE. THE VETERANS CAN VISIT THE MEMORIALS THAT STAND IN THEIR HONOR AND SERVE AS A TRIBUTE TO THEIR SACRIFICE.

Program Service Accomplishments

Program 1

Expenses: $151,362

TRAVEL FOR WAR VETRANS TO WASHINGTON, DC

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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 $234,203

Program Service Revenue $0

Investment Income $40

Other Revenue $63,775

TOTAL REVENUE $298,018

Expense Breakdown

Grants Paid $300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,362

Other Expenses $169,178

TOTAL EXPENSES $169,478

Year-over-Year Comparison

	2025	2024	Change
Revenue	$298,018	$172,257	+0.7%
Expenses	$169,478	$131,978	+0.3%
Net Income	$128,540	$40,279	+2.2%

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
BELINDA MORSE	PRESIDENT	30.00	Officer Director	$0	$0	$0
JOHN OTTERY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF PERO	TREASURER	1.00	Officer Director	$0	$0	$0
DAN FURLEIGH	SECRETARY	1.00	Officer Director	$0	$0	$0
DENNIS NOLAN	TRUSTEE	1.00	Director	$0	$0	$0
JOE BROWN	TRUSTEE	1.00	Director	$0	$0	$0
TONY BONNICI	TRUSTEE	1.00	Director	$0	$0	$0
TOM MCGRATH	TRUSTEE	1.00	Director	$0	$0	$0
PHIL KRIEGER	TRUSTEE	1.00	Director	$0	$0	$0
SHARRY QUILLIN	TRUSTEE	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
2025	$298,018	$169,478	$463,492	$128,540
2024	No data	No data	No data	No data
2023	$234,308	$147,058	$294,751	$87,250