PERMIAN BASIN HONOR FLIGHT INC

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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

2015

Legal Domicile

Phone

4328030542

Tax Period

2024-01-01 to 2024-12-31

PERMIAN BASIN HONOR FLIGHT INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $400K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 18% operating margin.

Mission

PERMIAN BASIN HONOR FLIGHT IS COMMITED TO SENDING WWII, KOREAN AND VIETNAM VETERANS TO THE WAR MEMORIALS IN WASHINGTON TO HONOR THEIR CONRADS.

Program Service Accomplishments

Program 1

Expenses: $297,052

PERMIAN BASIN HONOR FLIGHT IS COMMITED TO SENDING WWII, KOREAN AND VIETNAM VETERANS TO THE WAR MEMORIALS IN WASHINGTON TO HONOR THEIR COMRADS.

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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 $460,620

Program Service Revenue $0

Investment Income $6,897

Other Revenue $-67,699

TOTAL REVENUE $399,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $297,052

Other Expenses $327,994

TOTAL EXPENSES $327,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,818	$316,467	+0.3%
Expenses	$327,994	$264,923	+0.2%
Net Income	$71,824	$51,544	+0.4%

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

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
CASSIE GERETY	President	5.00	Director	$0	$0	$0
WESLEY SMITH	FLIGHT DIRECTOR	5.00	Director	$0	$0	$0
TERESA GALLOWAY	Treasurer	5.00	Director	$0	$0	$0
KATHY SWINDLER	Secretary	5.00	Director	$0	$0	$0
JOE JACKSON	ASSETS MANAGER	5.00	Director	$0	$0	$0
TODD OCKERT	BOARD MEMBER	0.00	Director	$0	$0	$0
CAROL CATES	MEDICAL	0.00	Director	$0	$0	$0
DAVID SCHOFF	BOARD MEMBER	0.00	Director	$0	$0	$0
JIMMIE ROGERS	BOARD MEMBER	0.00	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
2024	$399,818	$327,994	$620,389	$71,824
2023	$316,467	$264,923	$548,618	$51,544
2022	$262,865	$300,408	$413,150	$-37,543
2018	$431,865	$491,943	$391,314	$-60,078