Brunswick, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Honor Flight Maine Inc, founded in 2014, is a small nonprofit in the Public & Societal Benefit sector that reported $890K in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $399K, a strong 45% operating margin.
Our mission is to take Maine Veterans to Washington DC to see the Memorials erected in their honor. Honor Flight Maine is a non-profit, all volunteer, organization that exists for that sole purpose. On average, Honor Flight Maine takes 3-5 trips a year to Washington DC. Memorials visited with Veterans so that they may tour, experience and reflect include WWII, Korean, Vietnam, Navy, Marines, and Air Force, the Lincoln Memorial, Arlington Cemetery with the changing of the guard, and the Women's Military Museum. Extra events such as trips to Fort Meade and Fort McHenry may be included depending on weather and logistics. HFM covers expenses (for the veterans) for round trip air, 2 nights at the Hilton (BWI), bus transportation and all meals. Wheelchairs are provided to transport those Veterans needing assistance.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $890,151 | $424,445 | +1.1% |
| Expenses | $490,954 | $309,255 | +0.6% |
| Net Income | $399,197 | $115,190 | +2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Matthew Mank | Chairman | 35.00 |
Officer
Director
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$0 | $0 | $0 |
| Charlie Paul | Vice Chair | 15.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jennifer Libby | Treasurer | 8.00 |
Officer
Director
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$0 | $0 | $0 |
| Anita Higgins | Secretary | 6.50 |
Officer
Director
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$0 | $0 | $0 |
| Erwin Morse | Director | 0.00 |
Director
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$0 | $0 | $0 |
| Joy Asuncion | Director | 10.00 |
Director
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$0 | $0 | $0 |
| Crystal Guerrette | Director | 35.00 |
Director
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$0 | $0 | $0 |
| Maureen LaMoria | Director | 5.00 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $890,151 | $490,954 | $816,423 | $399,197 |
| 2023 | $424,445 | $309,255 | $415,861 | $115,190 |
| 2022 | $391,402 | $473,262 | $300,671 | $-81,860 |
| 2021 | $79,573 | $79,897 | $382,531 | $-324 |
| 2020 | $69,905 | $76,740 | $382,855 | $-6,835 |
| 2019 | $368,996 | $342,991 | $389,690 | $26,005 |
| 2018 | $340,586 | $247,569 | $363,685 | $93,017 |
Compare Honor Flight Maine Inc with other nonprofits in Maine and across the country.