LAKE COUNTY HONOR FLIGHT (EIN 473858397) - 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

2015

Legal Domicile

Principal Officer

LISA MADDEN

Phone

8472820374

Tax Period

2023-01-01 to 2023-12-31

LAKE COUNTY HONOR FLIGHT, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $235K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $304K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE MISSION OF LAKE COUNTY HONOR FLIGHT AND THE HONOR FLIGHT NETWORK IS TO FLY AMERICAN'S VETERANS TO WASHINGTON DC TO VISIT THOSE MEMORIALS DEDICATED TO HONOR THEIR SACRIFICES. TOP PRIORITY IS GIVEN TO AMERICA'S MOST SENIOR VETERANS, SURVIVORS OF WWII, FOLLOWED BY KOREAN AND VIETNAM WAR VETERANS WITH A TERMINAL ILLNESS WHO WISH TO VISIT THEIR MEMORIAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $233,879

Program Service Revenue $0

Investment Income $623

Other Revenue $0

TOTAL REVENUE $234,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $21,094

Program Expenses $259,938

Other Expenses $303,926

TOTAL EXPENSES $303,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,502	$193,441	+0.2%
Expenses	$303,926	$253,959	+0.2%
Net Income	$-69,424	$-60,518	+0.1%

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

$28,680

Total Directors

$28,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON HILL	DIRECTOR	3.00	Director	$0	$0	$0
PAMELA BROOKS	DIRECTOR	3.00	Director	$0	$0	$0
PAULA CARBALLIDO	EXECUTIVE DIRECTOR	6.00	Officer Director	$28,680	$0	$28,680
TONJA GORDON	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
GARY GRAYER	DIRECTOR	3.00	Director	$0	$0	$0
STELLA JONES	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$0
LISA MADDEN	PRESIDENT	6.00	Officer Director	$0	$0	$0
JOHN PASSANANTE	INTERIM TREASURER	6.00	Officer Director	$0	$0	$0
LINDA ROCKWELL	CORRESPONDING SECRETARY	4.00	Officer Director	$0	$0	$0
JANELLE ROMINSKI	DIRECTOR	3.00	Director	$0	$0	$0
AJOYI STACKHOUSE	DIRECTOR	3.00	Director	$0	$0	$0
SAMANTHA UHL	DIRECTOR	3.00	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	No data	No data	No data	No data
2023	$234,502	$303,926	$213,719	$-69,424
2022	$193,441	$253,959	$296,838	$-60,518

LAKE COUNTY HONOR FLIGHT