THE FLY INITIATIVE (EIN 464897451) - 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

MARCY REYES

Phone

4016991427

Tax Period

2024-01-01 to 2024-12-31

THE FLY INITIATIVE, founded in 2014, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 16% operating margin.

Mission

PROVIDE EDUCATIONAL SERVICES AND PROGRAMS TO TEACH FINANCIAL LITERACY TO YOUTH AND OTHER STAKEHOLDERS.

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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 $1,024,636

Program Service Revenue $142,873

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,167,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $622,481

Fundraising Expenses $33,281

Program Expenses $675,276

Other Expenses $356,910

TOTAL EXPENSES $979,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,167,509	$717,571	+0.6%
Expenses	$979,391	$631,930	+0.5%
Net Income	$188,118	$85,641	+1.2%

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

N/A

Employees

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

$125,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCY REYES	CEO	40.00	Officer	$125,293	$0	$125,293
LILIA KIRTLEY HOLT	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN KASHMANIAN	TREASURER	N/A	Officer Director	$0	$0	$0
ADRIAN MEDINA	DIRECTOR	N/A	Director	$0	$0	$0
JOSHUA MYERS	DIRECTOR	N/A	Director	$0	$0	$0
LAMMIS VARGAS	DIRECTOR	N/A	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	$1,167,509	$979,391	$367,328	$188,118
2023	$717,571	$631,930	$179,132	$85,641
2022	$42,713	$435,477	$61,391	$-392,764
2021	$465,650	$70,691	$424,101	$394,959

THE FLY INITIATIVE