TEXAS SOUTH PLAINS HONOR FLIGHT (EIN 463419332) - 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

2014

Legal Domicile

Principal Officer

JIMMY BACON II

Phone

8067731612

Tax Period

2024-01-01 to 2024-12-31

TEXAS SOUTH PLAINS HONOR FLIGHT, founded in 2014, is a small nonprofit in the Public & Societal Benefit sector that reported $385K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $544K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO RAISE FUNDS TO SEND VETERANS TO SEE THEIR MEMORIALS IN WASHINGTON D.C.

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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 (2024)

Revenue Breakdown

Contributions & Grants $371,672

Program Service Revenue $0

Investment Income $12,857

Other Revenue $0

TOTAL REVENUE $384,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $59,244

Program Expenses $463,490

Other Expenses $543,555

TOTAL EXPENSES $543,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$384,529	$320,001	+0.2%
Expenses	$543,555	$249,617	+1.2%
Net Income	$-159,026	$70,384	-3.3%

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
ANGELA ALLEN	PRESIDENT	25.00	Director	$0	$0	$0
DAVID DABBS	VICE-PRESIDE	25.00	Officer Director	$0	$0	$0
CLINT GREGG	CORRESPOND S	15.00	Officer Director	$0	$0	$0
DALE HANSARD	PAST PRESIDE	10.00	Officer Director	$0	$0	$0
JIMMY BACON II	TREASURER	10.00	Officer Director	$0	$0	$0
MICHELLE MOORE	RECORDING SE	15.00	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
2024	$384,529	$543,555	$317,801	$-159,026
2023	$320,001	$249,617	$472,987	$70,384
2022	$273,486	$308,234	$399,858	$-34,748
2021	$130,848	$47,641	$434,605	$83,207
2020	$101,948	$33,904	$352,230	$68,044
2019	$302,745	$256,157	$284,186	$46,588
2018	$240,025	$244,711	$236,767	$-4,686

TEXAS SOUTH PLAINS HONOR FLIGHT